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TERRAZZANO: Carney’s budget worse than Trudeau’s

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Liberal Party Leader Mark Carney’s strategy depends on being different from former prime minister Justin Trudeau.

When it comes to budget plans, Carney is not only different from Trudeau, he’s much worse.

Carney plans to add $225 billion to the federal debt over the next four years, according to his recently released platform.

Trudeau planned on adding $131 billion to the debt over the same time, according to the most recent Fall Economic Statement.

Think about that: Carney plans to rack up nearly $100 billion more debt than Trudeau did.

This hurts Carney for three reasons.

First, Carney is trying to sell Canadians that he is the credible number cruncher who can best deal with the economy. His own platform shreds that credibility. Trudeau borrowed a lot of money because he couldn’t manage a budget. Carney plans to borrow even more money.

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Trudeau’s former finance minister, Chrystia Freeland, resigned just hours before the Trudeau government tabled its last budget update. Freeland cited the “costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment” for her resignation.

Freeland’s resignation struck at the heart of Trudeau’s biggest weakness: His lack of credibility on the economy. Freeland was right to point out Trudeau’s flaws. Now, Carney’s budget plan contains bigger deficits every year and nearly $100........

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