top of page
Writer's pictureWayne Drury

Trudeau & the Canadian Bankruptcy Blues

The RBC CEO struts around in his Gucci loafers, lecturing us about lifestyle while bankruptcy numbers skyrocket.  Bank profits are through the roof, the rich are getting richer, and thousands of Canadian families are drowning in debt.  He tells us what we have to do but does not mention Trudeau’s spending and accumulated debt.

 

Trudeau's spending spree –  the root of the evil.  It’s driving interest rates through the roof and sending people straight into the jaws of bankruptcy.

 

I'm not usually a bitter guy, but this is ridiculous.  Experts spout platitudes, but nobody's tackling the real issue—Trudeau's reckless spending and the banks that fatten themselves on our misery. They've got the protection while we are left holding the bag.

 

High taxes and interest rates have driven more than 138,000 people and more than 8,000 businesses to file for bankruptcy so far this year—a nearly 24% increase!

 

We are being interest-rated to death. While the banks make exorbitant profits, we struggle to keep our heads out of the swamp.  We're forced to line up at food banks, where more than two million people went in March—a million more than in 2019 and 120,000 more than last year!

 

All this while a "learned person" blames high interest rates and unemployment. However, Trudeau's debt-fueled spending spree, which has resulted in ten consecutive budget deficits, is the cause. The national debt has almost doubled, and 40% of the government’s money goes towards interest on the debt!  And guess what? 86% of us are paying more taxes than in 2016.

 

This is insanity.  We’re drowning in debt, paying more taxes, and facing record-high unemployment.  We cannot keep this up. 

 

The question is: Do we keep trusting Trudeau and his crew to fix this mess, or is it time for a change?  I’ll leave you with that.  The future of Canada hangs in the balance, and the weight is heavy on all of us.

 

Best wishes...



3 views0 comments

Recent Posts

See All

Comments


bottom of page