By Dave Flaherty/The Oshawa Express
Oshawa MP Colin Carrie’s message to the federal government can be choped down to two words — stop overspending.
After the Liberal governmen’s fall economic update forecasted an almost $20 billion
deficit for the 2018-2019 fiscal year and no balanced budgets by 2019, the Conservative MP said he is “concerned and worried.”
“I am shocked at the Liberal approach,” Carrie told The Oshawa Express from his Ottawa office. “It’s absolutely unacceptable to me that this government continues to borrow for their political pet projects while finding new ways to raise taxes on Canadian families.”
In 2015, Prime Minister Justin Trudeau had promised a $10 billion deficit in 2018-2019.
“We learned the deficits have doubled and they have no plan to balance the budget,” Carrie stated.
The $20 billion figure is lower than the $25.5 billion predicted by Finance Minister Bill Morneau in the 2017 spring budget.
While the Canadian economy has seen more growth than expected so far this year, Carrie believes this is occurring in spite of actions of the current federal government.
“Canadians recognize that the economy is growing despite the Liberals, not because of them; just like they understand that Justin Trudeau is raising taxes on middle-class Canadians and their families to pay for their outrageous spending.”
A recently released report from the Fraser Institute estimates between 70 to 80 per cent of Canadian households with annual incomes between $52,000 to $108,000 are paying higher income taxes as a result of policies introduced by the Liberals.
Carrie feels the current habits of the Trudeau government will create an albatross of “intergenerational debt” for Canadians, adding that the $20 billion deficit represents approximately $555 per Canadian.
“He has to get away from out-of- control spending and come up with a plan to get a balanced budget. There is no fiscal responsibility there.”