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Canada is currently mired in our largest budget deficit in history, with a stunning amount of money printing by the Bank of Canada enabling a debt binge of unprecedented proportions. The Liberals — in Chrystia Freeland’s first budget — made it clear they wouldn’t be treating these large deficits as a one-time response to a unique crisis, but as their path going forward, seeking to lock in at least $100 billion in new spending every year. Canada’s deficits now bear more resemblance to the deficits of the United States in the mid 2000’s, a stunning way to consider how drastically things have changed in Canada — once a fiscally-responsible nation. In ways large and small, the Liberals are demonstrating a total disregard for the role government has (or is supposed to have) as a steward of Canada’s finances, instead seeking to spend as much as they can as quickly as they can, regardless of the consequences. But of course, it wouldn’t be the Trudeau government if they weren’t spending much of that money on foreign countries.

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