Canada will spend more than $55.6 billion this fiscal year on interest payments alone. Not on strengthening public services. Not on affordability. Not on anything that actually improves people’s lives. Just interest on a debt that keeps growing because governments refuse to live within their means
That’s the part too often glossed over. Interest isn’t an investment. It creates nothing. It builds nothing. It simply drains resources that could be helping families who are struggling to keep up with the cost of living.
The harsh truth is this: most of that burden won’t fall on us. It will fall on the next generation. They’ll inherit the bill for choices they never made.
Fiscal responsibility isn’t about accounting. It’s about fairness. And right now, we’re failing that test.
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