Fiscal responsibility gives you options in the future. Fiscal recklessness takes away future options.
While the federal government did not solely create high inflation, it has not enacted good policy decisions to limit inflation. Instead, it continues to pursue massive structural deficits of which there is no current plan to ever return to balance.
The Prime Minister claims to be investing in Canadians, but spending is only an investment if you ultimately get a return. This has falsely fueled the Canadian economy at a time when the Bank of Canada is using interest rate hikes to stall economic growth. It is akin to stepping on the accelerator and the brake at the same time.
Monetary and fiscal policy are at odds in this country and it is creating the worst of both worlds, higher prices in the market place and higher borrowing costs for home owners and higher rents for renters. Then again, we have a Prime Minister who has no interest in monetary policy and is continues to deliver a reckless fiscal policy.
Canadians are paying a price for this lack of understanding of basic sound economic principles: at the grocery store and every month on their mortgage or rent.
Canadians are forced to make tough economic decisions to live within their means, it is also time for the federal government to do the same.