Liberals are robbing from tomorrow to pay for today, says M.P. McLeod

The finance minister is on track to add another $31.8 billion onto the national debt

OTTAWA – Cathy McLeod, Member of Parliament for Kamloops-Thompson-Cariboo, says the Fall Economic Statement delivered by the Finance Minister recently in the House of Commons highlighted how the Liberal economic plan has failed and Canadians are going to pay for it for generations to come.

“The government is spending at record levels, in fact the finance minister is on track to add another $31.8 billion onto the national debt over the next five years. These new projects mean they will run a total of $114.9 billion in deficits between 2016-17 and 2020-21,” said McLeod.

“What a difference a year makes; last year we were promised annual deficits of no more than $10 billion and balanced books by 2019-20,” said McLeod. “To make matters worse they haven’t created one net full-time job since they entered office.”

“When it comes to managing the economy, you don’t get a second chance. The Liberals’ only solution seems to borrow and spend even more money.  Money that will have to be paid back by Canadian workers, families and job creators,” concluded McLeod.