Over the course of the Liberals’ tenure, Canadians have seen their cost of living increase as taxes and government spending have reached record-setting levels, and consecutive deficits have burdened us with a worrisome debt load.
At times, taking on debt is necessary, such as in the event an economic downturn or a major war. Justin Trudeau has faced neither of these, though he has racked up debt as though he were.
Not only is this dangerous for our economic stability, but it seriously detracts from our ability to pay for core services that Canadians rely upon.
The interest payments on our debt are over $20 billion a year and growing. To put this in perspective, that is equivalent to the Children’s Benefits program, more than National Defence, and two thirds of the Canada Health Transfer. Trudeau’s irresponsibility is far from trivial.
This wastefulness is something that we will have to pass on to future generations, as Mr. Trudeau has promised twice to balance the budget and has failed to deliver on both occasions.
Today, over 80% of middle-income families are paying $800 more in taxes than when Trudeau came into power. Taxes on small business owners are up. Two thirds of Canadians say that they either can’t pay their bills or have nothing left over at the end of the month after they do.
Conservatives believe that people are entitled to the fruits of their labour. We want to stop living beyond our means as a government, so that you can keep more of what you have earned and decide what to do with it yourselves. It’s about getting ahead, not just getting by.
A Conservative government will make balancing the budget a top priority, repeal burdensome taxes, and cut red tape for Canadian businesses.