On March 31st, 2017, the Canadian federal debt was at $631.9 billion, and it continues to rise every year. With a government that is committed to increasing spending by “investing in the middle class”, is freedom from debt a realistic possibility for future generations of Canadians? At what point does spending to stimulate the economy start to backfire? Is deficit spending for economic growth responsible?
Join Kevin Page, Canada’s first Parliamentary Budget Office and founding President and CEO of the Institute of Fiscal Studies and Democracy at the University of Ottawa, as he takes you through a deeper understanding of how government spending works and how the spending of tax dollars has changed. Page will also dig deeper into the different types of deficit spending and how going into debt responsibly can actually help raise the country out of deficit in the long run. What short and long term strategies are Canada and other countries using to restore growth? Is it time to consider other policy options? What must this government do to ensure fiscal policy that will secure a prosperous future for all Canadians?