In its 2021 budget, the Justin Trudeau government is promising to spend $30 billion over five years on a national child-care program. That’s a tonne of money considering we couldn’t afford it pre-pandemic.
But it’s still five times less than what the feds will have to pay in debt interest charges over that period, which will total $153 billion by 2026. That’s nearly $4,000 per Canadian. And instead of that money going towards health care or lower taxes, it’s going into the pockets of bond fund managers.