Opinion
Canada’s Financial Freefall: When Rosy Rhetoric Meets Hard Reality
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This article is from The Opposition With Dan Knight substack.
The Trudeau Government’s Economic Alchemy: Turning Gold Hopes Into Lead Numbers
Good morning, my fellow Canadians. It’s September 3, 2023, and if you’re expecting to wake up to a bright, financially secure Canada, well, I have some sobering news for you. The latest figures from Statistics Canada are in, and they confirm what many of us have suspected: the Canadian economy is not on the up-and-up. Despite the rosy pictures painted by Prime Minister Justin Trudeau and Finance Minster Chrystia Freeland, the real numbers don’t lie, and they point to an economic landscape in turmoil. Allow me to break it down for you.
The new Statistics Canada data is in, and it paints a rather bleak picture of the Canadian economy under the watchful eyes of the federal government and Justin Trudeau. Let’s delve into some numbers, shall we? A staggering $16.5 billion in debt was added by Canadian households in the first quarter of this year alone, with $11.2 billion being in mortgage debt. In an environment of 5% interest rates, a rate we haven’t seen for over a decade, this is a financial bomb waiting to explode.
And let’s not forget inflation. Since 2021, we’ve seen a cumulative inflation rate of around 16.5%. Now, remember, these aren’t just abstract numbers on a ledger somewhere; these are realities hitting your grocery bills, your gas prices, your rents, and slowly emptying your wallets. But it’s not just households feeling the pinch. The economy as a whole is stalling, with real GDP nearly unchanged in the second quarter of 2023, following a measly 0.6% rise in the first quarter.
Amidst all this, Justin Trudeau and the federal government seem content piling on debt like there’s no tomorrow. The Parliamentary Budget Officer’s March 2023 report shows Canada’s deficit is expected to rise to $43.1 billion in 2023-24, up from $36.5 billion in 2022-23. And let’s not forget that 1 out of every 5 dollars in this debt spree didn’t even exist pre-pandemic. Essentially, we’re spending money we don’t have, to solve problems we’re not solving, all while making new ones.
So, where has all this spending gone? Not into securing a robust future for Canadians, I can tell you that. Despite the monumental deficits and the reckless spending, housing investment fell 2.1% in the second quarter,marking its fifth consecutive quarterly decrease. Canadians are struggling to make ends meet, and the government’s financial imprudence is exacerbating, not alleviating, the situation.
But here’s a twist to the story: while investments in housing decline, Justin Trudeau decided it was prime time to open the floodgates of immigration. There’s an aspect of governance called planning, something that seems foreign to this administration. How does one justify allowing over a million immigrants into Canada without even hinting at a solution for housing them? The result is basic economics – demand outstrips supply, and prices soar.
Remember the days before Trudeau’s reign, when the average home in Canada cost around $400,000? Eight years under his watch and that figure has doubled. Trudeau’s policies seem like a cruel jest to young families, professionals, and, frankly, anyone aspiring to own a piece of the Canadian dream. It’s almost as if he expected the housing market to “balance itself”.
And before you think this is just a ‘rough patch,’ let me remind you that household spending is also slowing. So not only are Canadians going into debt, but they’re also cutting back on spending. They’re being hit from both sides, and there’s no end in sight. The government’s promises of prosperity seem increasingly hollow when we see that per capita household spending has declined in three of the last four quarters.
The Trudeau administration’s approach to governing appears to be in a parallel universe, one where debt is limitless, and financial responsibilities are for the next government or even the next generation to sort out. And don’t even get me started on the higher taxes lurking around the corner to pay off this bonanza of spending. This isn’t governance; it’s financial negligence.
When Canadians were told that this level of inflationary spending could turn our country into something akin to Venezuela, many scoffed at the idea. But let’s face it: the signs are becoming hard to ignore. The truth is, many Canadians have been led to believe they can have gold-plated social services without paying an ounce of gold in taxes. Prime Minister Justin Trudeau seemed more than happy to sell that narrative. He promised a utopia, a social safety net woven from dreams and aspirations. But what has that net caught? Rising costs, crippling debt, and a harder life for everyday Canadians.
Trudeau has turned out to be less a responsible steward of the economy and more of a Pied Piper, leading us all off a fiscal cliff while playing a cheerful tune. Or perhaps he’s more like the Cheshire Cat from “Alice in Wonderland,” grinning broadly as he disappears, leaving behind only his grin and a trail of false promises.
As we approach the pivotal year of 2025, don’t forget who sold you this bill of goods. Remember the skyrocketing costs of living, the unmanageable debt, and the empty words that were supposed to make everything better. I, for one, certainly won’t forget. And I suspect, come election time, neither will you.
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Daily Caller
Laura Ingraham’s Viral Clash With Trump Prompts Her To Tell Real Reasons China Sends Students To US
From the Daily Caller News Foundation
On Monday, Ingraham pressed Trump on why a plan to admit 600,000 Chinese nationals into U.S. universities qualifies as a “pro-MAGA” move, challenging him directly after he defended the influx as vital to maintaining Washington’s relationship with Beijing. During a Wednesday broadcast, Ingraham said no modern president has fought harder for American workers than Trump and predicted he will “honor that distinction for the next three years.”
“There was also more consternation over the approach to allowing Chinese and other foreign students to take spots at U.S. universities. A lot of MAGA folks didn’t like that at all. And it’s not, by the way, as some Chinese influencers today said on X, I love this, it’s not that the MAGA folks, certainly not myself, dislike the Chinese people. It’s ridiculous,” Ingraham said.
“What they dislike is the Chinese system that represses Chinese people and uses them as human spies and saboteurs. Remember, when the CCP greenlights hundreds of thousands of their people to come study here, they’re not sending them so they can learn about the wonders of Western civilization, Plato and Socrates, Greek history, become champions of individual freedom and take that message back home. They’re sent here to do whatever is necessary to learn how to push the People’s Republic closer to crushing America, to stealing from us, and for spying on us,” Ingraham added.
Ingraham said that people “understandably perplexed by some of the president’s comments, we cannot forget, what American president has ever been tougher on China than Donald Trump? None.”
Ingraham told viewers that Beijing does not send its students to America to study the Western canon or return home as advocates of individual liberty.
WATCH:
Ingraham warned that China’s rise didn’t happen overnight, saying that decades of inattentive presidents allowed Beijing to gain the strength Trump now must confront.
“Given China’s growing strength that’s been amassed over decades of presidents who were out to lunch, President Trump inherited the most challenging situation,” Ingraham said. “I don’t think it’s an exaggeration to say this, that any president has faced in the last 50 years. He and his entire team are dedicated to countering the Chinese aggression that’s building.”
Washington and Beijing struck a deal in June clearing the way for Chinese nationals to enroll in American universities, a shift that followed the administration’s June 5 move blocking Harvard from bringing in additional international students. Officials justified the restriction by pointing to security vulnerabilities and rising campus turmoil, including allegations of antisemitic activity, as reasons to tighten the flow of foreign applicants.
Trump acknowledged at the time that admitting large numbers of students from a country controlled by the Chinese Communist Party carries real intelligence concerns, saying in June that the government “must be vigilant” about who enters U.S. classrooms. National security experts told the Daily Caller News Foundation that the policy could create openings for the CCP to exploit America’s higher-education system and potentially endanger U.S. interests.
armed forces
Canadian veteran says she knows at least 20 service members who were offered euthanasia
From LifeSiteNews
Canadian Armed Forces veteran Kelsi Sheren told members of the House of Commons that he has proof of veterans being offered assisted suicide.
Canada’s liberal euthanasia laws have made the practice so commonplace that a Canadian Armed Forces (CAF) veteran has said she knows and has “proof” that no less than 20 of her colleagues were offered unsolicited state-sponsored euthanasia.
Kelsi Sheren, who is a CAF veteran, recently told MPs in the House of Commons veterans affairs committee that “over 20 veterans have confirmed being offered MAID.”
“I have the proof, and I have proof of more,” Sheren told the committee during an October 28 meeting.
Conservative MP Blake Richards asked Sheren if she was willing to provide them with evidence to affirm her allegations.
Sheren noted how the 20 veterans have given written testimonies, or actual audio recordings, of when they were offered what in Canada is known as Medical Assistance in Dying (MAiD).
“We also have other individuals who are too afraid to come forward because Veterans Affairs has threatened their benefits,” she told MPs, adding that some other veterans were even offered non-disclosure agreements along with “payouts if they were to take it.”
Veterans Affairs Canada (VAC) has told the media its “employees have no role or mandate to recommend or raise (MAid). ”
As reported by LifeSiteNews, this is not the first time reports of CAF veterans saying they were offered MAiD.
Indeed, as reported by LifeSiteNews, it was revealed last year that the federal department in charge of helping Canadian veterans appears to have purposefully prevented the existence of a paper after scandalous reports surfaced alleging that caseworkers had recommended euthanasia to suffering service members.
LifeSiteNews recently published a report noting how a Canadian combat veteran and artillery gunner revealed, while speaking on a podcast with Dr. Jordan Peterson, that the drugs used in MAiD essentially waterboard a person to death. Assisted suicide was legalized by the Liberal government of former Prime Minister Justin Trudeau in 2016.
A new EPC report has revealed that Canada has euthanized 90,000 people since 2016.
As reported by LifeSiteNews last week, a Conservative MP’s private member’s bill that, if passed, would ban euthanasia for people with mental illness received the full support of the Euthanasia Prevention Coalition (EPC).
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