Do we have another tax and spend Prime Minister?
Our new PM Justin Trudeau, 44, likes to talk about how he learned so much about politics from discussions around the kitchen table with his dad.
Pierre Elliott Trudeau was Canada’s prime minister for 15 years between 1968 and 1984.
I remember as a young naïve (and not just in politics) family guy, getting caught up in the media driven hype of that day and voting for Pierre Trudeau.
It didn’t take long to realize he was on a tax and spend binge.
The national debt graph became a steep incline, interest rates were high and I recall in the early ’80s it took 33 per cent or 1/3 of our dollar to pay the interest on our debt which was effectively like a huge tax on top of all the other rising taxes.
The dollar was worth only 66 cents of buying power.
Like father, like son? Justin Trudeau is now attributing his election success on campaign promises of more deficit spending to spur the economy.
He did say “don’t worry about the budget, the budget will balance itself.”
He already appears to be on a spending spree, throwing caution to the wind, not looking very financially responsible with our tax dollars.
Harper was campaigning on promoting fiscal restraint and holding the debt in line.
All I know is that when your job security (family income) is uncertain, it’s not a good time to rack up your credit card or take on a second mortgage.
Media hype played the biggest role in getting the Liberals elected now it’s the media’s job to make sure Trudeau doesn’t embarrass them and get our country in financial trouble.
Roland Seguin, Langley