Bill Morneau, Canada’s Minister of Finance, told a touching story recently about being alone while his daughters were away at university.
A poster about women’s rights that he saw in one of the girls’ rooms as he toured the empty house provided inspiration for a slew of new spending programs in his 2018-2019 budget, Morneau said.
The speech drew considerable admiration from the bureaucrats, lobbyists and lawyers gathered at the Conseil des Relations Internationales de Montreal’s event, many of whom profited directly from the extra spending.
This seasoned audience of Ottawa swamp creatures recognized the Finance Minister’s personal story as political staging.
They all knew that Morneau was leaving out the fact that his daughters’ generation will have to pay back most, if not all, of the $18.1 billion that their parents are borrowing to finance the government’s “Equality and Growth” deficit.
Politicians running up government debts in order to pay themselves raises (and shovel cash to their pals) is an old story. The good news, as we first reported two years ago , is that some millennials are fighting back.
A youth movement that preaches fiscal responsibility
“I’m not okay with Bill Morneau borrowing additional money to channel to special interest groups,” said Paige Hunter, McGill Coordinator at Generation Screwed , a youth movement that preaches fiscal responsibility. “Going further into debt isn’t in anyone’s interest.”
Renaud Brossard, Generation Screwed’s executive director, agreed. “We jokingly call this an ‘everything is fine’ budget,” said Brossard. “There is no plan to address the country’s long-term debt, and there is no recognition that there may be another recession around the corner.”
Generation Screwed has grown considerably since Brossard first joined four years ago, while still a student. The organization, which is sponsored by the Canadian Taxpayers Federation , now has 17,000 Twitter and Facebook followers.
…click on the above link to read the rest of the article…