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Now now. Let's wait until 2070 to see if this is true. That's the logic around here, no?Here is one assessment of what we are now on the hook for.
The Parliamentary Budget Officer has finally answered the burning question: will Prime Minister Justin Trudeau’s budget balance itself? The answer: yes, it will — but not for another almost 50 years. According to data published by the PBO, under status quo policies the federal government will balance its budget again in the year 2070 .
We shall see if this is true come 2070.By then, Ottawa will have added another $2.7 trillion to its debt tab. That’s on top of its current $1 trillion of federal debt.
If this is true in 2070 I will certainly apologize.More deficits mean more debt that Canadian kids and grandkids will need to pay back.
A baby born this year owes more than $26,000 in federal government debt. By the time the budget is balanced a half-century from now, newborns will be on the hook for about $67,000.
You owe Fishbone Jones an apology.