True Patriot Love - November 12, 2025


Are We Building Anything That Actually Makes Money？ ｜ Canada’s Productivity Problem


Episode Stats

Length

1 minute

Words per Minute

157.52213

Word Count

178

Sentence Count

12


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we discuss the impact of the debt ceiling being raised to $14.5 trillion and the impact on the economy. We also talk about the impact this will have on the deficit and debt. We also discuss how the government is trying to manage its spending and debt and how they plan to deal with it.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 You know, the interest on our debt climbing from $47 billion in 2024
00:00:05.340 to $60 billion in 2026.
00:00:07.260 We saw, through the last decade, about an 8% growth
00:00:10.460 in the government spending, the operating expenses.
00:00:15.260 They've said timeout, and they're starting to ratchet that down.
00:00:17.940 They have a plan to eliminate 40,000 jobs through mostly attrition.
00:00:23.300 You know, if there's a job posting, they won't fill it.
00:00:25.860 People will retire.
00:00:27.200 So that's a phasing program that they have going,
00:00:29.660 And they're dialing it down to 3%.
00:00:31.420 And then, you know, the one that gets the most press,
00:00:34.220 it's basically the public debt charges.
00:00:37.220 You know, the interest on our debt climbing from $47 billion in 2024
00:00:42.600 to $60 billion in 2027.
00:00:44.720 We actually don't have a military like they do.
00:00:49.480 So quite frankly, they spend a trillion dollars a year almost on military
00:00:52.500 at this current time, and we don't, right?
00:00:54.980 So we have a fairly comparative growth on our debt ceiling, but we don't have a massive spend, which is defense.
00:01:06.380 Let's not tell them that.