...one Liberal budget at a a time...
The Liberals accumulated debt for this year is projected at $311.9 billion, almost 125% higher than the $138.8 billion debt the Liberals inherited from the Progressive Conservatives when they came to power in 2003.
Interest still has to be paid on that $311.9 billion by taxpayers, at a rate of almost $1 billion a month, or $11.6 billion annually.
If interest on debt — which doesn’t reduce the principal — was a government department, it would be the fourth largest after health, education and community services.
