Business
The Problem With Trudeau’s Fiscal Responsibility Message

From the Canadian Taxpayers Federation
By Franco Terrazzano
This year’s interest charges will cost taxpayers more than $46 billion. That’s almost $4 billion every month that’s not going to improve services or lower taxes. It’s also a cost of more than $1,000 for every Canadian.
There’s only one problem with the federal government’s messaging about saving money: the feds aren’t actually saving money.
“The foundation of our Fall Economic Statement is our responsible fiscal plan,” said Finance Minister Chrystia Freeland.
The mid-year budget update shows the government increasing spending by $15 billion this year. A far cry from Freeland’s March promise to find “savings of $15.4 billion over the next five years.”
Next year, the government will increase spending by $30 billion. And that comes on top of an already ballooned baseline.
The feds spent all-time highs before the pandemic. That means Prime Minister Justin Trudeau was spending more before the pandemic than the feds did during any single year during World War II, even after accounting for inflation and population growth.
Freeland is trying to put Canadians’ minds at ease by claiming her deficits are “modest.” Canadians have heard this before.
When running for prime minister in 2015, Trudeau promised to run a few “modest” deficits of less than $10 billion before balancing the budget in 2019. Trudeau blew that balanced budget promise by a “modest” $20 billion.
This year’s deficit is projected to hit $40 billion. Deficits in 2024 and 2025 are both projected to be $38 billion.
Is this the new modest? Four times larger than the “modest” deficits Trudeau first promised?
The mid-year budget update proves this government has no idea how to balance a budget.
In fact, the only mention of a balanced budget in Ottawa comes from the Parliamentary Budget Officer, who forecasts the next balanced budget will happen in 2035. But that relies on the economy growing every year, relatively low interest rates and no new spending.
A government too incompetent to balance the budget means Canadians are paying dearly just to service the debt.
This year’s interest charges will cost taxpayers more than $46 billion. That’s almost $4 billion every month that’s not going to improve services or lower taxes. It’s also a cost of more than $1,000 for every Canadian.
Next year, debt interest charges will surpass federal health transfers to the provinces. Soon, every penny collected from the GST will go toward servicing the debt.
As bad as the budget is, the government could keep the ship from sinking with modest spending restraint.
The government could balance the budget next year by using its own projected program spending from two budget updates ago. Instead of running a $38-billion deficit next year, taxpayers would have a $1-billion surplus if Freeland just stuck to the spending plan she created in 2021.
This highlights the root of Trudeau’s spending problem – the ratchet effect. Almost every budget document released by this government drastically increases spending.
The mid-year budget update in 2019 first projected spending in 2024 to be $421 billion. This year’s budget update shows the government will spend $519 billion in 2024.
This government’s muscle for fiscal responsibility has atrophied.
MPs from all political parties can’t help themselves from taking a pay raise every year – regardless of the struggles their constituents endure. The prime minister can’t help but spend $61,000 on Manhattan hotel rooms during a two-day anti-poverty summit.
No one in government is willing to end the hundreds of millions in bureaucratic bonuses, despite departments consistently meeting less than half of their own performance targets.
The Liberals are also unwilling to take the air out of the ballooning bureaucracy, which increased by 98,000 employees since they took power. That’s almost 40 per cent more federal employees. The bureaucracy currently consumes half of every tax dollar used in day-to-day spending.
No party in the House of Commons is willing to oppose the more than $43 billion taxpayers are being forced to give multinational corporations to build battery plants.
This government hasn’t shown one iota of fiscal restraint. In fact, the government appears to be trying its best to run up the red ink. Fortunately for taxpayers, it would only take modest spending restraint for a serious government to bring the books back into black.
Franco Terrazzano is the Federal Director of the Canadian Taxpayers Federation
Business
DEA’s Most Wanted in U.S. Custody: Mexico Extradites Dozens Amid Trump Trade Standoff

Sam Cooper
In a stunning move just days before the Trump administration is set to impose sweeping tariffs over Mexico’s role in America’s fentanyl crisis, Mexican President Claudia Sheinbaum engineered the largest single-day extradition of cartel leaders in history, delivering 29 top-level traffickers—including one of the most notorious figures in modern drug war history—into U.S. custody.
Among those flown north on Mexican military aircraft Thursday was Rafael Caro Quintero, the infamous cartel boss accused of ordering the brutal 1985 torture and murder of DEA agent Enrique ‘Kiki’ Camarena, a crime dramatized in the Netflix series Narcos: Mexico. Other high-profile extraditees include Antonio Oseguera Cervantes, alleged brother of Jalisco New Generation Cartel (CJNG) leader “El Mencho,” as well as key leaders from the Zetas, the Gulf Cartel, and La Nueva Familia Michoacana.
In Washington, U.S. Attorney General Pamela Bondi hailed the mass extradition as a turning point in the war on cartel violence. “As President Trump has made clear, cartels are terrorist groups, and this Department of Justice is devoted to destroying cartels and transnational gangs,” Bondi said in a press release. “We will prosecute these criminals to the fullest extent of the law in honor of the brave law enforcement agents who have dedicated their careers—and in some cases, given their lives—to protect innocent people from the scourge of violent cartels.”
DEA Acting Administrator Derek S. Maltz declared, “Today, 29 fugitive cartel members have arrived in the United States from Mexico, including one name that stands above the rest for the men and women of the DEA—Rafael Caro Quintero. This moment is extremely personal for the men and women of DEA who believe Caro Quintero is responsible for the brutal torture and murder of DEA Special Agent Enrique ‘Kiki’ Camarena.”
The defendants are collectively accused of importing massive amounts of cocaine, methamphetamine, fentanyl, and heroin into the United States, along with a litany of violent crimes including murder, money laundering, and illegal weapons trafficking. The Justice Department noted that many of these cartel leaders had long-standing U.S. extradition requests that were not honored during prior administrations but were accelerated following direct White House pressure.
As the Mexican delegation, including Foreign Secretary Juan Ramón de la Fuente and security chief Omar García Harfuch, met with Secretary of State Marco Rubio in Washington, the mass extradition signaled Sheinbaum’s readiness to make dramatic concessions to avert Trump’s threatened tariffs. The unprecedented handover also coincided with the State Department formally designating six cartels as foreign terrorist organizations.
Award-winning Mexican journalist Ioan Grillo, reporting on Sheinbaum’s transformative move, cited comments from Mike Vigil, former head of the DEA’s international operations, saying, “This is the highest number of extraditions [in one day] in the history of Mexico, without question. This is historic. … These guys unleashed a river of blood… Everybody is elated with the extraditions.”
However, the decision has ignited controversy within Mexico’s legal community, Grillo reported, noting longstanding criminal defense stances were “bulldozed.”
Juan Manuel Delgado, lawyer for Miguel Ángel Treviño, one of the most feared Zetas leaders, called the move an assault on Mexican sovereignty. “My client’s extradition tramples on due process and demonstrates that Mexico is bending entirely to U.S. will,” Delgado reportedly told CrashOut magazine.
Notably, while Mexico typically secures agreements that extradited criminals will not face the death penalty, the U.S. statement made no such assurances, raising the possibility that figures like Caro Quintero could face capital punishment.
While Mexico is in the crosshairs of Trump’s fentanyl crackdown, attention is also turning to Canada’s underreported role in the continent’s cartel problem. Organized crime experts say that over the past 15 years, cartel networks have deeply infiltrated Ontario, British Columbia, and Quebec, using Canada as both a fentanyl production hub and a gateway to launder cartel proceeds. It’s a little-known fact that the cartels started to gain presence in Canadian narco-trafficking cells almost 50 years ago, one expert told The Bureau.
However, it remains unclear whether Canada’s newly appointed Fentanyl Commissioner, Kevin Brosseau, has made any significant progress in responding to Trump’s demands for tougher action. An expert who could not be named due to the sensitivities of investigations and political discussions said cartels have thrived under Canada’s lax enforcement and weak financial crime controls. The question now is whether Brosseau will have any real impact on the concerns or simply be part of “performative” meetings run out of Ottawa, they said.
With Trump’s administration signaling that Canada will be hit next week with economic penalties if fentanyl production and money laundering continue unchecked, the Trudeau government faces growing pressure to show concrete results in combating cartel expansion within its borders.
The Bureau is a reader-supported publication.
To receive new posts and support my work, consider becoming a free or paid subscriber.
Business
‘Dark Truth’ Of USAID: House Lawmakers Spotlight Biden’s Foreign Aid Abuses In Fiery Oversight Hearing

From the Daily Caller News Foundation
By Adam Pack
House Republicans zeroed in on the Biden administration’s use of foreign aid to bankroll left-wing causes that undermine American interests across the world in a heated oversight hearing Wednesday.
House Republicans, led by Delivering on Government Efficiency (DOGE) Subcommittee chairwoman Marjorie Taylor Greene, sought testimony from experts to outline how the United States Agency for International Development (USAID) advanced a left-wing policy agenda during the Biden administration that in turn alienated U.S. allies and made the world less safe for Americans. Democratic lawmakers struggled to defend the worst abuses of USAID funding, such as pushing far-left ideologies on countries with conservative cultures and indirectly financing terrorist groups.
House Oversight Republicans’ hearing on foreign aid comes after President Donald Trump’s Department of Government Efficiency has effectively dismantled USAID and left its future in limbo. Secretary of State Marco Rubio announced Wednesday the Trump administration cut roughly $60 billion in USAID and State Department grants and multi-year awards that it determined did not align with American interests.
Greene also said the DOGE Subcommittee will consider recommending investigations and criminal referrals to those it believes have abused foreign aid. The subcommittee is expected to release a post-hearing review on USAID’s foreign aid abuses next week.
“USAID has been transformed into an America-last foreign aid slush fund to prop up extremist groups, implement censorship campaigns and interfere in foreign elections to force regime change around the world,” Greene said in her opening remarks. “That is the dark truth about USAID.”
“Taxpayer funds have literally been used to undermine U.S. interests and counter American foreign policy goals under the guise of foreign aid,” Greene continued. “This is unacceptable, and the American people agree.”
More than 60% of Americans believe that U.S. foreign aid is being “wasted on corruption or administration fees,” according to a survey published by the Financial Times on Feb. 17.
Democrats appeared unable to confront the worst USAID abuses that occurred under Biden, and at times, sought to deflect attention to unrelated topics.
After Greene outlined how USAID funding had been funneled to terrorist groups, Democratic New Mexico Rep. Melanie Stansbury, the top Democratic lawmaker on the subcommittee, began her opening remarks with the statement, “Welcome to the Elon Musk chainsaw massacre.”
Stansbury then proceeded to rail against Musk for weighing into Germany’s recent parliamentary elections, Vice President J.D. Vance scolding European elites for abandoning core civil liberties and the president’s recent comments on the Russia-Ukraine War.
Democratic lawmakers’ witness Noam Unger, director of the Sustainable Development and Resilience Initiative at the Center for Strategic and International Studies, struggled to answer a question posed by Texas Republican Rep. Brandon Gill if spending more than $3 million “for being LGBTQ” in the Caribbean aligned with American values.
Stansbury and other Democratic lawmakers on the panel appeared to have learned few lessons about USAID’s abuses. Stansbury notably defended former USAID director Samantha Power’s push to turn the department into a de-facto “climate agency” and attempted to get the experts testifying to agree that USAID should continue to push LGBTQ rights on the rest of the world.
“If we want to do counter China, there’s nothing more that has alienated billions of people than pushing an ideology that they resent,” Max Primorac, who served as USAID’s acting chief operating officer, senior agency vetting official and regulatory reform officer in the first Trump administration, told Stansbury in response. “None of this is counter China. This is counter America.”
“A resounding ‘yes’ that foreign aid can be a powerful tool of diplomacy to promote freedom, prosperity and peace in accordance with our national interest and our values, but not as an instrument of progressive imperialism,” Primorac continued. “Aid officials must ensure that every single foreign aid program can pass the Middle America smell test on waste, fraud and abuse.”
Primorac previously told the Daily Caller that USAID’s left-wing agenda under former President Joe Biden weakened the United States’ influence abroad.
Experts also tore into the Biden administration’s use of foreign aid for damaging the United States’ standing in the world. Biden notably left office with an increasingly unstable world stage, with ongoing wars in Europe and the Middle East.
“It [USAID] has been doing harm while spending more on aid,” Primorac told lawmakers.
“There is more world poverty and hunger today, more political instability, and developing countries are more beholden to our adversaries.”
“The fiduciary duty of our aid officials over the past four years has done tremendous damage to foreign aid’s credibility and America’s standing in the world,” Primorac continued.
Despite Trump moving to cut the vast majority of USAID contracts and shut down the agency, most lawmakers on the panel — Republican and Democrat — still believe the U.S. government should be doling out some foreign aid to counter China’s influence in developing countries and provide relief in humanitarian crises. But foreign aid practices must align with American interests as outlined in the president’s executive order on foreign aid, according to Republican lawmakers.
“That’s just hyperbolic nonsense that we do not recognize that there’s a role to play for the United States in the federal aid space,” Republican Texas Rep. Pat Fallon said Wednesday. “But what we want to expose is $164 million going to radical organizations — $122 million of it to organizations that have aligned, or at least tied to terrorism.”
A DCNF analysis found that more than $1.3 billion taxpayer dollars doled out by the Biden administration ended up in terrorist groups’ coffers.
The hearing was disrupted on two occasions by left-wing protestors in the crowd. An elderly woman was removed after making an “obscene gesture” to an unnamed lawmaker while South Carolina Republican Rep. William Timmons spoke. Another person attending the hearing was promptly removed by police after shouting at lawmakers to stop DOGE.
Greene told the crowd that private individuals, including those in the crowd, were free to fund far-left causes around the world, but no longer would the government be bankrolling left-wing activism on the taxpayer’s dime.
-
Energy2 days ago
Trump’s tariffs made Ottawa suddenly start talking about new east-to-west pipelines, but how long will it last?
-
Business2 days ago
Trudeau’s biggest taxpayer boondoggle?
-
Alberta2 days ago
Can Trump Revive The Keystone Pipeline?
-
Business2 days ago
Trump declares he will impose tariffs on Europe, says EU was formed to cheat America
-
Alberta2 days ago
Alberta Coordinating law enforcement to fight fentanyl
-
Business2 days ago
Taxpayers launching court fight against CBC transparency
-
Business1 day ago
Trump Admin investigates Biden-era decision to kill 100 million chickens over bird flu
-
Business2 days ago
Elon Musk: ‘I’m getting a lot of death threats’ due to DOGE