Carney spends like a drunken sailor just like Trudeau (with all due respect to drunken sailors of course).
From the article:
"This is the first evidence of concrete spending plans since the election and it seems the bureaucracy did not get the memo about the need for fiscal rigour.
The prime minister was critical of his predecessor’s fondness for distributing cash, saying the Trudeau government spent too much and invested too little. Mark Carney said his government will limit operating-expense increases to two per cent a year, down from nine per cent a year under former prime minister Justin Trudeau, while preserving transfers to provinces and individuals.
The Main Estimates suggest that message of restraint fell on deaf ears in Ottawa: total budgeted spending is scheduled to rise 7.75 per cent to $486.9 billion this fiscal year across 130 federal organizations (compared to last year’s Main Estimates). The government will ask Parliament to vote on $222.9 billion of spending measures, a 14 per cent increase on last year’s estimates."
Full no paywall article for those inclined https://archive.ph/HLPwn
For those keeping count. Carney lied about reciprocal tariffs at the debate and he lied about constraining the budget. Yet very few in Canada seem to care.
Blows my mind how that's not a bigger story; how he already had a deal to relax counter tariffs with Trump while talking tough about "fighting back" and eLbOwS uP during the campaign.
Canada might as well join the party. At least Carney didn't promise to drain the swamp.
Carney is the swamp.
True
Did you enjoy the Mets win yesterday?
I did. I enjoyed the Nimmo/Soto back to backs. I was a little surprised at the general negativity re Soto. He caught a lot of abuse where I was sitting about lazy fielding.
He isn't winning many hearts and minds with that big contract, mediocre results and perceived lack of effort.
That's for sure. Lindor caught similar criticism when he arrived.
That seemed to have worked out ok.
Didn't inflation come in super low, too?
That's an enormous increase in real spending.
Yes, inflation dropped to 1.7%. Annualized nominal GDP growth was 2.1% for the first quarter but that was largely due to exports as American importers stocked up before the tariffs went into effect. It is expected to drop.
This happens everywhere (just not everywhere so openly)...they are just "preparing" us to "prove" the need for money printing...