Poilievre endorses Trudeau-era levels of deficit spending. What happens next?

Rudyard Griffiths and Sean Speer discuss Conservative Party leader Pierre Poilievre's recent letter highlighting a $42 billion federal deficit benchmark for the upcoming November 4th budget. They argue that this position represents a fundamental shift where the Conservative Party has now accepted the former Trudeau government's deficit spending levels as the new baseline, effectively abandoning the balanced budget consensus that once dominated Canadian politics. They discuss the economic consequences of normalized deficit spending, and warn that Canada risks following the path of France and the UK, where unsustainable fiscal policies have forced painful austerity measures or tax increases. The Hub is Canada's fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Want more Hub? Get a FREE 3-month trial membership on us: https://thehub.ca/free-trial/ Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Producer - Amal Attar-Guzman Elia Gross - Sound Editor Sean Speer and Rudyard Griffiths - Hosts To contact us, sign up for updates, and access transcripts email [email protected]. Hosted on Acast. See acast.com/privacy for more information.