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Trudeau has more than doubled Canada’s debt while Canadians get poorer

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From LifeSiteNews

By Clare Marie Merkowsky

46 percent of Canadians are a few hundred dollars away from not being able to meet their financial obligations…  400,000 more Canadians live in poverty now compared to 2020. 

Prime Minister Justin Trudeau has more than doubled Canada’s national debt, but Canadian’s quality of life has only decreased.   

According to calculations from the Canadian Taxpayers Federation (CTF), Canada’s national debt has more than doubled since Prime Minister Justin Trudeau took power in 2015, reaching a total of $1.239 trillion.  

“Canadians can’t afford another decade-and-a-half debt binge,” Franco Terrazzano, CTF Federal Director, said in a  . “Trudeau needs to stop wasting so much money and balance the books, because it’s wrong to waste billions on debt interest payments.” 

When Trudeau took office in November 2015, Canada’s federal debt was just $616 billion.

Despite this doubling of the national debt, the Trudeau government does not plan to balance the budget until 2040, according to supplementary data from the Parliamentary Budget Office (PBO). 

Currently, every Canadian owes $31,000 of the debt, however, interest charges between now and the time the budget is balanced in 2040 will mean that the number is much higher. By 2040, interest charges on the federal debt will have cost taxpayers a whopping $847 billion, meaning each Canadian will owe an additional $18,000.  

“Waiting until 2040 to balance the budget is outrageous and the government won’t even hit that target if the economy has a hiccup or politicians can’t say no to new spending,” Terrazzano said. “This government has given taxpayers every reason to believe it will never balance the budget.” 

While the national debt has skyrocketed, and the government continues to spend money hand-over-fist, the quality of living for Canadians is plummeting. Instead of addressing this, Trudeau continues to send tax dollars to Ukraine and subsidizing a variety of ideologically motivated causes that provide no material benefit to Canadians. 

In July, a survey found that a massive 46 percent of Canadians are a few hundred dollars away from not being able to meet their financial obligations. 

LifeSiteNews reported that fast-rising food costs in Canada have led to many people feeling a sense of “hopelessness and desperation” with nowhere to turn for help, according to the Canadian government’s own National Advisory Council on Poverty. 

At the same time Canadians are being driven into poverty, housing prices have skyrocketed, with a recent analysis estimating that a Canadian household now has to spend an unprecedented 63.5% of its income to afford a mortgage. 

At the same time, criminal incidents under the Trudeau government have increased 20 percent, with critics placing the blame on Trudeau’s “catch and release” policy, which allows dangerous criminals to walk free on bail.

Indeed, this policy has put many Canadians in danger, as was the case last month when a Brampton man charged with sexually assaulting a 3-year-old was reportedly out on bail for an October 2022 incident in which he was charged with assault with a dangerous weapon and possession of a dangerous weapon.  

As LifeSiteNews previously reported, a well-known Ottawa think tank warned that Canada’s justice system is unable to keep up with out-of-control crime that has risen sharply in the last few decades to the point where the national murder rate is at its highest in 30 years. 

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Business

‘Time To Make The Patient Better’: JD Vance Says ‘Big Transition’ Coming To American Economic Policy

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JD Vance on “Rob Schmitt Tonight” discussing tariff results

 

From the Daily Caller News Foundation

By Hailey Gomez

Vice President JD Vance said Thursday on Newsmax that he believes Americans will “reap the benefits” of the economy as the Trump administration makes a “big transition” on tariffs.

The Dow Jones Industrial Average dropped 1,679.39 points on Thursday, just a day after President Donald Trump announced reciprocal tariffs against nations charging imports from the U.S. On “Rob Schmitt Tonight,” Schmitt asked Vance about the stock market hit, asking how the White House felt about the “Liberation Day” move.

“We’re feeling good. Look, I frankly thought in some ways it could be worse in the markets, because this is a big transition. You saw what the President said earlier today. It’s like a patient who was very sick,” Vance said. “We did the operation, and now it’s time to make the patient better. That’s exactly what we’re doing. We have to remember that for 40 years, we’ve been doing this for 40 years.”

“American economic policy has rewarded people who ship jobs overseas. It’s taxed our workers. It’s made our supply chains more brittle, and it’s made our country less prosperous, less free and less secure,” Vance added.

Vance recalled that one of his children had been sick and needed antibiotics that were not made in the United States. The Vice President called it a “ridiculous thing” that some medicines invented in the country are no longer manufactured domestically.

“That’s fundamentally what this is about. The national security of manufacturing and making the things that we need, from steel to pharmaceuticals, antibiotics, and so forth, but also the good jobs that come along when you have economic policies that reward investing in America, rather than investing in foreign countries,” Vance said.

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With a baseline 10% tariff placed on an estimated 60 countries, higher tariffs were applied to nations like China and Israel. For example, China, which has a 67% tariff on U.S. goods, will now face a 34% tariff from the U.S., while Israel, which has a 33% tariff, will face a 17% U.S. tariff.

“One bad day in the stock market, compared to what President Trump said earlier today, and I think he’s right about this. We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America. More importantly than that, of course, the people in Wall Street have done well,” Vance said.

“We want them to do well. But we care the most about American workers and about American small businesses, and they’re the ones who are really going to benefit from these policies,” Vance said.

The number of factories in the U.S., Vance said, has declined, adding that “millions of workers” have lost their jobs.

“My town [Middletown, Ohio], where you had 10,000 great American steel workers, and my town was one of the lucky ones, now probably has 1,500 steel workers in that factory because you had economic policies that rewarded shipping our jobs to China instead of investing in American workers,” Vance said. “President Trump ran on changing it. He promised he would change it, and now he has. I think Americans are going to reap the benefits.”

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COVID-19

Trump’s new NIH head fires top Fauci allies and COVID shot promoters, including Fauci’s wife

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From LifeSiteNews

By Doug Mainwaring

“During the pandemic Fauci’s bioethicist wife, Christine Grady, offered nurses a choice: Get vaccinated, or lose your job,” noted The COVID-19 History Project on X. “Yesterday, she was offered a choice: Transfer to an office in Alaska, or lose your job. What’s fair is fair. Everyone deserves a choice,” explained the COVID watchdog account.

On day one of his new job as head of the National Institutes of Health (NIH), Dr. Jay Bhattacharya removed four powerful agency heads, including Dr. Anthony Fauci’s wife, Christine Grady, and others associated with the questionable handling of the COVID-19 shots.

Grady, who had served as chief of the agency’s Department of Bioethics, and other longtime Fauci allies in top posts at the NIH involved in the development and distribution of the untested COVID shots produced by Big Pharma were offered jobs in Alaska and other remote locales far away from the NIH’s sprawling Bethesda, Maryland, complex just outside Washington, D.C.

The purge came amid massive layoffs in health-related agencies under the umbrella of Health and Human Services (HHS), now headed by the Make America Healthy Again (MAHA) movement’s founder, Robert F. Kennedy Jr., who has long questioned vaccine safety and American medicine’s focus on treating disease rather than preventing it.

A total of about 20,000 personnel – mostly bureaucrats – or about 25 percent of the HHS workforce have been or will be handed pink slips amid Kennedy’s realignment of the agency.

MAHA critics were quick to call Tuesday’s axing of Fauci confederates as “one of the darkest days in modern scientific history” fueled by Kennedy’s desire to exact revenge on Fauci’s former trusted associates who represent the antithesis of the MAHA movement.

However, the revamping of the federal government’s side of the health industry is no more harsh than the treatment meted out by those formerly in control who, at best, suppressed, and worst, punished those who questioned their iron grip on health-industry regulations and standards.

For years, Kennedy’s critics have dismissed his quest to revamp healthcare and his questioning of the efficacy of the COVID-19 mRNA jabs as anti-science, labeling him as an “anti-vaxxer” in order to suppress his messaging.

Dr. Francis Collins – whom Bhattacharya replaced as head of NIH – in an October 2020 email to Fauci condemned Bhattacharya as a “fringe epidemiologist” because he had co-authored the Great Barrington Declaration, which criticized harmful COVID lockdown policies.

“During the pandemic Fauci’s bioethicist wife, Christine Grady, offered nurses a choice: Get vaccinated, or lose your job,” noted The COVID-19 History Project on X.

“Yesterday, she was offered a choice: Transfer to an office in Alaska, or lose your job. What’s fair is fair. Everyone deserves a choice,” explained the COVID watchdog account.

“We spend 4X more than Italy on healthcare — and live 7 years less. Dead last in cancer rates. This isn’t science — it’s a system profiting off sick kids,” explained Calley Means, RFK Jr. HHS advisor during an interview with Laura Ingraham following the NIH firings.

“Firing the people who oversaw this? That’s step one,” declared Means.

Other NIH officials who were offered reassignments were Dr. Jeanne Marrazzo, who succeeded Fauci as head of the National Institute of Allergy and Infectious Diseases (NIAID), Dr. Clifford Lane, a close Fauci ally who served as deputy director for clinical research at NIAID, and Dr. Emily Erbelding, NIAID’s microbiology and infectious diseases director.

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