* Canadians are concerned about rising government deficits, with a majority believing that middle-class taxpayers will eventually have to foot the bill for all the public overspending, according to a new Postmedia-Leger poll.
* 71% of respondents said they were concerned that both Ottawa and several provincial governments are badly outspending their means at a time when U.S. trade tensions and other threats have weakened Canada’s wider fiscal position. By comparison, 19% of respondents said they were not concerned and 10% said they didn’t know.
* Under Prime Minister Mark Carney, the federal government is projecting a $65.4 billion deficit this year, and will continue running budget shortfalls until at least 2029-30, when it expects to table a $56.6 billion deficit.
* Alberta Premier Danielle Smith, meanwhile, is projecting a $9.4 billion deficit this year, and Ontario Premier Doug Ford expects a $7.8 billion shortfall. The numbers are similar in B.C. ($10.2 billion) and Quebec ($7.1 billion).
* 29% of respondents now expect that middle-class taxpayers will ultimately be on the hook to cover government largesse. Another 25% said “future generations of taxpayers” will take the brunt of costs, while 24% believe it will be the “richest 10 per cent” of Canadians, and 22% believe corporations will have to shoulder the burden.
DDOSBreakfast on
What Middle class?
nebrivor1 on
They’re correct.
redpandafire on
with oil at $95 a barrel, why is Alberta in deficit?
PrimeLector on
Canadians can get stuffed. This country voted in a party they know have lobbed a grenade in our finances, and it’s got support to the point they are near a majority. Canada deserves the crash.
*edit: I should have stated I mean all governments who are spending beyond our means. Overspending isn’t limited to our Federal government.
Azezik on
I really do not understand how anyone could think Carney is a Conservative
Standard_Program7042 on
The worse part of Justin legacy was his instance that deficits didnt matter.
gotfcgo on
Middle class is going to be eliminated by our debt
Top_Canary_3335 on
Since the sunny ways of 2015 The small group in the middle is gone. Squeezed dry.
You either are part of the one percent now or you in someway are being subsidized by the government just to get by.
We don’t have a middle class
WasabiNo5985 on
I thought budget will balance itself lmao.
A party who led for a decade had a 1.5% real gdp growth in 10 years. Worst in the entier oecd worse than Japan. At least Japan’s housing price stayed pretty stable in that 10years, this country’s doubled.
Then the ppl of this said country continues to vote for the same government who had the worst economy in 10 years. LOL
ChrystineDreams on
the „middle class“ may foot the bill but it is the poverty/near poverty class that will take the biggest hit to their already tenuous well-being.
JC1949 on
Well, the poor don’t pay taxes. And, of course, we know the rich don’t pay taxes. Indigenous businesses do not pay taxes. And then there are the corporations that pay little, if any taxes because of their well lobbied exemptions and enhanced write off provisions.
That leaves only those in the middle, and to a lesser extent, small business. That anyone would see this as a surprise is kind of strange.
Odd-Emphasis-1969 on
That’s where they money is. We already have a highly progressive income tax structure.
Cedar-and-Mist on
The middle class will always foot the bill until the rich pay their taxes.
Warm-Mood-8994 on
10 years of a party that ran insane deficits so what do Canadians do: elect the same government.
rasalscan on
The shrinking middle class has been footing the bill since at least the late 90s.
Fun-Put-5197 on
WILL foot the bill?
More like ARE footing the bill.
JCbfd on
Ok, something is amiss here. You got one pole saying that everyone loves carney and whats he’s doing then you have polls like this coming out showing that literally nothing is getting better and infact things are getting worse. So that leaves me wondering, are these polls/all polls heavily biased to one side or the other? Are these polls just plain lies to either prop up or tear down the govt? Cause there have been polls out asking about carneys approval/performance and they are glowingly positive, but theres also plenty of stories and polls out like this that show the opposite. Personally I dont see that carney has accomplished anything of real actual value to the country at all. He said judge me by the price of groceries…well okay they have only gone up. We will build houses at speeds not seen since ww2. Housing starts are slowing down not speeding up. Now you might say what about that 100 billion dollar deal with india… okay sure, but what exactly is in that deal, what does canada need that india has to trade with?
Doog5 on
Attack on the middle class! Liberals want UBI
zivlynsbane on
Of course we’ll foot the bill, who else will? Lmao.
Hanzo_The_Ninja on
The largest spending increases under Carney have all gone toward things people wanted:
– National defence: $81.8 billion over five years.
– New housing builds: $13 billion.
– Supporting sectors hit by US tariffs: Currently about $5 billion, closer to $11 billion if you include loans.
– Clean energy and technology: $5 billion, but given recent events it really should be more (because the less we’re affected by the volatile oil markets, the better).
– Hospital upgrades: $5 billion over two years.
– AI integration: $1 billion. I could do without this one, but some seem to think it’s necessary.
It’s probably worth mentioning there is a plan underway to reduce the federal workforce by 40,000 by 2029 too.
Having said that, I’m all for increasing the burden on the upper 10% and the 1% in particular.
BigButtBeads on
The Minister of Middle Class Prosperity needs to answer some questions
voltairesalias on
I mean if anything it is the high income earners who will disproportionately pay the bill as Canada has a graduated income tax system.
defendhumanity on
I thought the budget was going to balance itself?
TheAsian1nvasion on
Friendly reminder: Canada is 5th out of 7th in debt to GDP ratio in the G7. Nothing exists in a vacuum. Canada’s debt is not actually a real problem relative to similarly sized, developed economies.
It’s unethical to saddle our future generation with our financial problems because we made poor decisions.
We are borrowing money to service the debt we’ve taken. We are do that because the debt we took on was poorly used and isn’t returning on its investment.
Until Canadians start accepting they must take accountability for the government they voted in’s record, nothing will change and future Canadians will suffer more than they have to.
snahp888 on
This should not be a concern since the people of your country supports the previous and current government.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
27 Kommentare
**Paywall bypass:** [https://archive.ph/EVFWh](https://archive.ph/EVFWh)
**In Brief:**
* Canadians are concerned about rising government deficits, with a majority believing that middle-class taxpayers will eventually have to foot the bill for all the public overspending, according to a new Postmedia-Leger poll.
* 71% of respondents said they were concerned that both Ottawa and several provincial governments are badly outspending their means at a time when U.S. trade tensions and other threats have weakened Canada’s wider fiscal position. By comparison, 19% of respondents said they were not concerned and 10% said they didn’t know.
* Under Prime Minister Mark Carney, the federal government is projecting a $65.4 billion deficit this year, and will continue running budget shortfalls until at least 2029-30, when it expects to table a $56.6 billion deficit.
* Alberta Premier Danielle Smith, meanwhile, is projecting a $9.4 billion deficit this year, and Ontario Premier Doug Ford expects a $7.8 billion shortfall. The numbers are similar in B.C. ($10.2 billion) and Quebec ($7.1 billion).
* 29% of respondents now expect that middle-class taxpayers will ultimately be on the hook to cover government largesse. Another 25% said “future generations of taxpayers” will take the brunt of costs, while 24% believe it will be the “richest 10 per cent” of Canadians, and 22% believe corporations will have to shoulder the burden.
What Middle class?
They’re correct.
with oil at $95 a barrel, why is Alberta in deficit?
Canadians can get stuffed. This country voted in a party they know have lobbed a grenade in our finances, and it’s got support to the point they are near a majority. Canada deserves the crash.
*edit: I should have stated I mean all governments who are spending beyond our means. Overspending isn’t limited to our Federal government.
I really do not understand how anyone could think Carney is a Conservative
The worse part of Justin legacy was his instance that deficits didnt matter.
Middle class is going to be eliminated by our debt
Since the sunny ways of 2015 The small group in the middle is gone. Squeezed dry.
You either are part of the one percent now or you in someway are being subsidized by the government just to get by.
We don’t have a middle class
I thought budget will balance itself lmao.
A party who led for a decade had a 1.5% real gdp growth in 10 years. Worst in the entier oecd worse than Japan. At least Japan’s housing price stayed pretty stable in that 10years, this country’s doubled.
Then the ppl of this said country continues to vote for the same government who had the worst economy in 10 years. LOL
the „middle class“ may foot the bill but it is the poverty/near poverty class that will take the biggest hit to their already tenuous well-being.
Well, the poor don’t pay taxes. And, of course, we know the rich don’t pay taxes. Indigenous businesses do not pay taxes. And then there are the corporations that pay little, if any taxes because of their well lobbied exemptions and enhanced write off provisions.
That leaves only those in the middle, and to a lesser extent, small business. That anyone would see this as a surprise is kind of strange.
That’s where they money is. We already have a highly progressive income tax structure.
The middle class will always foot the bill until the rich pay their taxes.
10 years of a party that ran insane deficits so what do Canadians do: elect the same government.
The shrinking middle class has been footing the bill since at least the late 90s.
WILL foot the bill?
More like ARE footing the bill.
Ok, something is amiss here. You got one pole saying that everyone loves carney and whats he’s doing then you have polls like this coming out showing that literally nothing is getting better and infact things are getting worse. So that leaves me wondering, are these polls/all polls heavily biased to one side or the other? Are these polls just plain lies to either prop up or tear down the govt? Cause there have been polls out asking about carneys approval/performance and they are glowingly positive, but theres also plenty of stories and polls out like this that show the opposite. Personally I dont see that carney has accomplished anything of real actual value to the country at all. He said judge me by the price of groceries…well okay they have only gone up. We will build houses at speeds not seen since ww2. Housing starts are slowing down not speeding up. Now you might say what about that 100 billion dollar deal with india… okay sure, but what exactly is in that deal, what does canada need that india has to trade with?
Attack on the middle class! Liberals want UBI
Of course we’ll foot the bill, who else will? Lmao.
The largest spending increases under Carney have all gone toward things people wanted:
– National defence: $81.8 billion over five years.
– New housing builds: $13 billion.
– Supporting sectors hit by US tariffs: Currently about $5 billion, closer to $11 billion if you include loans.
– Clean energy and technology: $5 billion, but given recent events it really should be more (because the less we’re affected by the volatile oil markets, the better).
– Hospital upgrades: $5 billion over two years.
– AI integration: $1 billion. I could do without this one, but some seem to think it’s necessary.
It’s probably worth mentioning there is a plan underway to reduce the federal workforce by 40,000 by 2029 too.
Having said that, I’m all for increasing the burden on the upper 10% and the 1% in particular.
The Minister of Middle Class Prosperity needs to answer some questions
I mean if anything it is the high income earners who will disproportionately pay the bill as Canada has a graduated income tax system.
I thought the budget was going to balance itself?
Friendly reminder: Canada is 5th out of 7th in debt to GDP ratio in the G7. Nothing exists in a vacuum. Canada’s debt is not actually a real problem relative to similarly sized, developed economies.
Source.
https://www.imf.org/external/datamapper/GG_DEBT_GDP@GDD/CAN/FRA/DEU/ITA/JPN/GBR/USA
It’s unethical to saddle our future generation with our financial problems because we made poor decisions.
We are borrowing money to service the debt we’ve taken. We are do that because the debt we took on was poorly used and isn’t returning on its investment.
Until Canadians start accepting they must take accountability for the government they voted in’s record, nothing will change and future Canadians will suffer more than they have to.
This should not be a concern since the people of your country supports the previous and current government.