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The senate on Friday is consenting to Trudeau government legislation that will push Canada's federal debt over an eye-watering $1 trillion, according to Blacklock's.
Despite the unprecedented amount of money being spent, this legislation has hardly received any scrutiny in both parliament and the senate.
"A $3.8 billion supply bill passed all legislative stages in ninety seconds, said one Conservative-oriented senator. "Bill C-11, a $44 billion supply bill, whipped through here in forty-six seconds. That’s almost a billion dollars per second."
"Bill C-12, the special warrant bill, also passed that day and sailed through the Senate in fifty seconds. It was a blank cheque the Trudeau cabinet later filled in, authorizing themselves to borrow $350 billion," continued the senator.
After months of Pierre Poilievre's pestering, the Trudeau government has recently agreed to provide a "fiscal snapshot," which will provide more clarity over Canada's economic health.
This snapshot, however, is "not an economic and fiscal update," said the prime minister. "It will be more of a snapshot or portrait of where we are right now."
Since the start of the pandemic, and the subsequent lockdown, Canada has borrowed a significant amount of money so to keep the economy is hibernation. The federal budget last year, for instance, was $346.2 billion.
Trudeau, in less-than-half that time has now budgeted $350 billion in 2020. This will be more painful now that Canada has had its credit status downgraded—borrowing money now costs the public more.
The federal deficit is now estimated to stand at $256 billion. This pandemic, then, has cost Canada more than the Second World War.