Name: Canada’s Federal Debt with Franco Terrazzano
Uploaded: 2022-05-08T23:00:00+00:00
Duration: 28 min 29 s
Description: Canada’s debt is now well over the $1 trillion mark. It is at a level never seen in our history, and can be hard to wrap your mind around such a number at all. Some Canadians simply don’t even think a

1 year ago

Faytene Canpoli politics primeminister getinvolved canadiantaxpayersfederation debtclock justinflation 1trillion inflation

Canada’s debt is now well over the $1 trillion mark. It is at a level never seen in our history, and can be hard to wrap your mind around such a number at all.

Some Canadians simply don’t even think about it because they don’t feel that it actually impacts their lives personally.

But it does.

More debt leads to increased taxes over time, more interest being paid that can’t go to critical services, more inflation which can easily be seen in our current gas prices, as well as the general cost of living as a whole.

Franco Terrazzano’s mandate as federal director of the Canadian Taxpayers Foundation, is to keep an eye on how taxpayers’ money is being spent and inform Canadians on what he finds. He also regularly speaks to our federal leaders on how they can better steward public funds. He joins us today to give an update on what’s happening on this issue and his recent debt clock tour, which served to get the important message out in a practical and eye opening way.

Thanks for joining with us.

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