September 17th, 2015
Justin Trudeau’s maxed out his credit card.
Today, members of the NDP Economic Team warned that Justin Trudeau has already maxed out his deficit credit card in the first year of his “fiscal plan”.
“We have taken the time to look at what Mr. Trudeau has committed himself to and we’ve done the math”, said former Saskatchewan finance minister and NDP candidate, Andrew Thomson. “What you’ll see once you peel away the layers of Liberal rhetoric, is a risky, unbalanced approach.”
An analysis of the Liberal promises made so far during the campaign, both costs and revenue, reveal that Justin Trudeau has already overspent on the $10 billion deficit he’s promised in the first year of his plan. The analysis also notes that Mr. Trudeau has overstated revenues from his high-income tax bracket by over a billion dollars.
Thomson was joined by NDP Industry Critic Peggy Nash (Parkdale-High Park) and Deputy Finance Critic Guy Caron (Rimouski—Neigette–Témiscouata–Les Basques) at today’s news conference.
“Justin Trudeau’s inexperience has led him to agree with the same people who brought Canadians massive offloading of federal spending and deep cuts in the 1990s that tore at the social fabric in many parts of our country,” said Nash. “We already know he’s promising deep Martin style cuts to his budget in the fourth year. Mr. Trudeau has a responsibility to be clear with Canadians for once about what he’s going to cut and how deep in order to pay for his promises.”
Only the NDP has a concrete, balanced plan to grow Canada’s economy, and create good jobs.
“Our long term plan is a balanced approach that will deliver on Canadians’ priorities,” said Caron. “It’s a plan that asks the country’s most profitable corporations to pay their fair share – something Justin Trudeau simply won’t do,” said Caron. “Canadians need Tom Mulcair and the NDP’s plan for creating jobs and to kickstart the economy – a plan that is costed, prudent and affordable – even in difficult economic times”.