Uncontrolled spending is not sustainable

Robert Asselin says that repurposing previous budget commitments and raising taxes makes Canada less competitive and passes the debt burden on to future generations. He shares his thoughts with multiple news outlets ahead of the federal budget.

“I’m pretty confident they will raise revenues because they’ve squeezed themselves on their fiscal situation and they continue to commit to spending that is not sustainable.” 

“Raising taxes will be an awful idea in an inflationary environment.”

«Cela serait une assez mauvaise politique économique, selon moi»,   

“It would be pretty bad economic policy in my opinion,”

“I think this budget will be quite a shell game to be honest, a very dishonest exercise about where we are.”

“Because the government is unable to restrain itself on spending, it is obvious to me that they will raise taxes.”

“They’ll have to raise taxes and push out a bunch of already committed spending from past budgets into future years.”

“The problem for [the government] is either a surtax on big corporations or a wealth tax sounds very good, but in practice they’re terrible. They don’t work.”

“Even if they get a bit of fiscal room from a better outlook and raise taxes going forward, which I think they will. They will need to reprofile a lot of already committed money in future years, which will in turn allow them to add significant spending in the short term without affecting the bottom line too much.”

“They haven’t shown any indication they’ll cut anything. So they will need to raise revenue.”

“They’ll have to raise taxes and push out a bunch of already committed spending from past budgets into future years.”