James Moore
speaker
3,438 appearances
16 recordings
2 series
first heard Apr 2026
last heard 15 Sep
James Moore’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 16 in all, peaking in Aug 2026 with 4.
Appearances
growth in government spending of any country in the G7 by a wide margin.
Debt servicing costs to Canada, right?
$54 billion a year.
The GST brings in about $21 billion a year.
So if people want a daily reminder of just the cost of carrying the scale of our debt right now,
you would have to more than double the GST in order to pay just the debt servicing costs.
So every time you buy something, you know what I'm getting at, right?
So as a visual imagination exercise of the scale of our indebtedness and what it looks like, that's a real problem.
And so when you get to the cost of the federal government of our borrowing costs, just the cost to carry the weight of our debt is now $4.5 billion a month.
You know, and and by the way, this is not just a jab at the liberal team or whatever.
I mean, this is this is a team effort to get to where we are.
And and frankly, conservatives have not had an answer so far.
Whenever the question of debt and deficits have come up and frankly, conservatives and Pierre have been asked, you know, what are you going to do to reconcile the national debt?
So, well, the first thing we're going to do is we're going to defund the CBC.
okay well i mean you'd have to defund the cbc every five and a half days 100 and in order to pay for the cost of servicing the debt for five days it's like where are we at right and and you're not going to defund the cbc because you're going to keep the french part whole which is two third or a third of the cost of the anyways um so i mean i don't know that anybody's really serious about getting the costs under control and dealing with the structural nature of all this
And then, of course, you pile on top provincial debt and then household debt.
And it's no wonder that credible and thoughtful people are now finally setting up a flare in the night sky saying, this is a problem.
And you may not think it's not a problem until it's a problem.
And then when it's a problem, you have to do something significant like the 1995 budget.
And by the way, that deficit, Peter, it's really important to pause here because that deficit of the United States matters, frankly, as much as the Canadian deficit does, because the United States economy is fundamentally important to the Canadian economy for all the reasons that we know.
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