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  • Writer's picturePopCan

With inflation soaring, it's time to put brakes on stimulus spending

National Post: "The surreptitious taxation of Canadians by inflation has provided the government with a windfall that financed $58 billion of previously unfunded new spending included in the fall fiscal update. The slightly less good news for the Liberals is that they pledged a further $48.5 billion in spending commitments during the 2021 election and there is only $33 billion left in the kitty from the inflation-fuelled bonanza.

"The Trudeau government could, of course, plunge further into debt to fund its election commitments but to do so would blow the only fiscal anchor to which the government still pays lip-service – a gently declining debt-to-GDP ratio.""

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