Canadian Deficit Spending SKYROCKETS! – This Won’t End Well
Josh Sigurdson talks with author and economic analyst John Sneisen about the continued raising of Canada’s deficit spending as it climbs $2 billion from its projected rate to $19.6 billion going into the 2019-2020 seasons.
According to the Canadian government, this increase in deficit spending is in order to help businesses compete on the market. Isn’t that interesting? The very thing that stifles businesses from competing is put in place to do just that! Either they need a basic economic class or they know exactly what they’re doing.
The government is great at propping up massive monopolies with regulations, taxes, legislation, subsidies, you name it. Then they come in as the “savior” and says these monopolies need to be deterred with more regulations, taxes and legislation which perpetuates the problem forever! The small businesses cannot compete against such legislation while the major corporations certainly can.
All the while, Trudeau is pushing a 600 million dollar bailout for the media, essentially buying the media, while claiming he supports a free press. Let’s remember that when Josh confronted Trudeau, the media had approached him previously at the press conference telling him he could as one of the five questions provided so that Trudeau could answer with his script. Is that a free press? Or is that complete government control over the press?
Meanwhile, Canada’s debt skyrockets and the government claims they are giving back by taking a bunch of people’s money and giving a lesser amount back to those same people. It doesn’t change the fact that the average Canadian spends more than 65% of their income on taxes when you include all of the taxes plaguing the populace. That doesn’t even include the hidden tax of inflation!
Household debt is coming up on 2 trillion dollars in the near future and Trudeau wants a thank you for bankrupting the populace.
Are you going to just stand there and complain? Or are you going to do something about it. In this video we break down the problems and then provide many solutions individuals can take to break free from this massive government and banking racket. Self sustainability is key. Do not be dependent.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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