Last week, it was: la, la, la, we're going to spend $62 billion on warships and warplanes and military stuff over the next 20 years. According to a recent study by the Fraser Institute, Trudeau is close to surpassing Canada's all-time per-capita spending record: $8,337 per person in 2017-18. The record, $8,375, was set by Stephen Harper in 2009-10, when governments worldwide were spending desperately to contain a global recession. For the time being, the debt generated by the new spending (the government always calls it "investment," never spending) is masked by interest rates which, to those of us older than 20, are surreally low. All these organizations know what will happen if interest rates spike: highly indebted homeowners will begin losing their homes.

Source: CBC News June 13, 2017 09:00 UTC