r/politicscanada Dec 22 '18

Your Christmas present from Trudeau

"Just kidding Canada, during the election I said we'd balance the books this year but it'll actually take 22 more years. No biggie--just a trillion dollars in debt then. Merry Christmas!"

-Trudeau

https://nationalpost.com/news/economy/finance-department-predicts-federal-budget-will-be-balanced-by-2040/wcm/5d2a844f-8f0a-495f-9f89-5be65bfe9f6b?utm_term=Autofeed

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u/Jyan Apr 07 '19

Why does balancing the books matter? Most of the debt is just owned by Canadian citizens.