Trudeau apparently thinks higher deficits and more debt will make it easier to deal with the next recession. WTF
It’s a pretty simple thing: The larger the budget deficits you are running, the tougher it will be to deal with a recession. After all, if you’re already spending more than you take in, any additional spending to deal with a recession – which will also cause a loss of government revenue – will substantially increase the budget deficit, make the debt larger, and leave the economy more vulnerable.
There’s no way around that.
But Justin Trudeau apparently thinks he’s found some sort of magical formula in which higher deficits don’t have any impact on dealing with a recession.
It has something to with ‘floods.’
You can watch Trudeau’s super ‘coherent’ answer below:
Evan – If you’re running $19 billion deficits now, your fiscal capacity to deal with a rainy day is got to be worse.@JustinTrudeau – Actually, that’s not true. #cdnpoli pic.twitter.com/Pu7VisAZJB
— CTV’S QUESTIONPERIOD (@ctvqp) December 16, 2018
There’s really not much to be said about Trudeau’s ‘answer,’ other than it’s incredibly disturbing that somebody so ignorant is running our country.
Photo – Twitter