Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Canada Had a Budget Through World Wars But Not COVID? (Kim Moody Reacts)

10 Feb 2026 · 1 min

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Canada passed a federal budget every year since 1867, including through both world wars and the 2008 financial crisis, but skipped 2020 during COVID. The government spent massive amounts for 567 days without a budget or the usual accountability checks.

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Our country was born in 1867 and we've had a budget every single year since 1867 with the exception of 2020, which was a disgrace in and of itself. It was the COVID year when the government was shoveling money out the door with no accountability. You know, when you think about our history from 1867, I mean, there's been a lot of disruption and some big events in history have been World War I, you know, that lasted for four years. You know, we had the Great Depression which started in 1929. We had World War II that started in 1939 and ended in 1945. We had the Korean War. We had the Cuban missile crisis, gas shortages. We had financial crisis, world financial crisis in 2008 still had a budget. I mean, to use Covid as an excuse to not provide a budget was disgrace. You know, it was 567 days since we had a budget. That is an astonishment. It's a disgrace.