Budget missteps on the First Day of the Job
Wow! It’s the proverbial first day on the job for the new Government and they’ve spun possibly the biggest misrepresentation in budgetary history. Unfortunately most Canadians will not understand and thus won’t realize how dangerous such a distortion of the facts can be. Expressing Federal debt to GDP without including the Provinces in a country like Canada, and then comparing apples to apples with other countries debt:GDP is tantamount to fraud. Ontario is THE LARGEST sub-sovereign debtor in the ENTIRE WORLD and all Canadian provinces are now in the red. This chart would make a terrible backdrop for a Trudeau selfie: