Prime Minister Justin Trudeau said people should collect debt to cover changes they want to make to their homes. .“If you use your credit card to go back to school or go into debt to build an expansion on your house, that you’re then going to be able to sell your house for more,” said Trudeau in a Monday video. .“If you’re going to make investments that are going to return, that is how you grow a strong economy.” .Trudeau said people know if they use their credit card to buy a huge flatscreen television, they will be paying it off for a while. He added taking on debt to pay for education and renovations is positive because it will reinvest in the economy. .Trudeau's government raised per-person debt levels by 35.3% since 2015, the third highest amount since World War II, according to a July study conducted by the Fraser Institute. .READ MORE: Canadian government has increased per-person debt by record amount.“While some emergency spending for COVID was necessary, the significant increase in federal debt in recent years means more tax dollars will go towards paying interest, and future generations are on the hook for today’s spending,” said Fraser Institute fiscal studies associate director and study co-author Jake Fuss. .The government is projected to increase per-person federal debt by more than 35% since being elected in 2015, raising it from $34,791 to $47,070. Federal debt per Canadian increased by more than 25% from before COVID-19 in 2019 until 2022. .Canada Proud started a petition in February calling on Trudeau to step down from his position. .READ MORE: Canada Proud launches petition requesting Trudeau resign as prime minister.“Every single day, there’s a new scandal from the Trudeau government,” said Canada Proud. .The advocacy group went on to say the Canadian government has been telling people they have never had it so good while insulting those who reject their policies. It said it has “reneged on their duty to good governance and instead have chosen to divide Canadians against each other for their own short-term political gain.”
Prime Minister Justin Trudeau said people should collect debt to cover changes they want to make to their homes. .“If you use your credit card to go back to school or go into debt to build an expansion on your house, that you’re then going to be able to sell your house for more,” said Trudeau in a Monday video. .“If you’re going to make investments that are going to return, that is how you grow a strong economy.” .Trudeau said people know if they use their credit card to buy a huge flatscreen television, they will be paying it off for a while. He added taking on debt to pay for education and renovations is positive because it will reinvest in the economy. .Trudeau's government raised per-person debt levels by 35.3% since 2015, the third highest amount since World War II, according to a July study conducted by the Fraser Institute. .READ MORE: Canadian government has increased per-person debt by record amount.“While some emergency spending for COVID was necessary, the significant increase in federal debt in recent years means more tax dollars will go towards paying interest, and future generations are on the hook for today’s spending,” said Fraser Institute fiscal studies associate director and study co-author Jake Fuss. .The government is projected to increase per-person federal debt by more than 35% since being elected in 2015, raising it from $34,791 to $47,070. Federal debt per Canadian increased by more than 25% from before COVID-19 in 2019 until 2022. .Canada Proud started a petition in February calling on Trudeau to step down from his position. .READ MORE: Canada Proud launches petition requesting Trudeau resign as prime minister.“Every single day, there’s a new scandal from the Trudeau government,” said Canada Proud. .The advocacy group went on to say the Canadian government has been telling people they have never had it so good while insulting those who reject their policies. It said it has “reneged on their duty to good governance and instead have chosen to divide Canadians against each other for their own short-term political gain.”
