A short YouTube interview/transcript between two speakers discussing rising federal deficits and sharply higher food prices in Canada. Speakers cite specific deficit figures (claimed $68.5 billion, previously ~51.5 billion) and assert that food inflation is "70% above the inflation target," driving an estimated $700 increase in annual grocery costs for an average family of four; one speaker links higher spending/deficits to inflation and reduced household purchasing power.
Questions this video answers
$68.5 billion
51,517 (quoted as '51, 517' in transcript)
70% above the inflation target
$700 more
Approaching $100 billion (speaker reports having heard this)
Chapters
But we've got the budget watchdog saying that where, you know, where the public accounts are is we're in the, you know, we're in the deficit territory of $68.5 billion right now. This is, this is bigger than Trudeau, right? Like, this is bigger than the most expensive prime minister in history.
I heard it's even approaching, going to approach 100 billion.
Well, look, I don't know where, where it's approaching, but we saw it, we saw it at 51, 517 in the, in the last, in the last iteration, and that would have been half the year and then 68,5. So that's a 30, 32% increase from, from, from that time. And a lot of campaign promises, a lot of. So, look, this is, you know, I don't need to explain to you and probably none of the people that listen to you, but, like, higher spending equals deficits equals inflation, equals, you know, less money in your pocket, or at least the value of the money in your.
Pocket worth less, which is a hidden tax from consumers.
It is a tax. It is a food. We've got, you know, food inflation is out of control in this country. Like, you can see it in the, in the community that I represent, which is traditionally, like, not the first community in the country that would have, you know, food insecurity issues, but we have families that, you know, that can't put food on the table. We've got food inflation at 70% above the inflation target. You know, add in, add in all kinds of dietary restrictions and the tariff cost of bringing that in, and you've got a recipe for disaster in communities that traditionally didn't feel it before. And you're looking, on an average grocery bill, if you're a family of four, you're looking at $700 more this year than last year.
Wow.
Like, that's a.
For the average Canadian.
For the average Canadian family of four.
Wow. That's pretty crazy.
So take out all the special occasions, take out all of the special days that you want to celebrate as a family, take out the holidays, and you're looking at 700 bucks just to feed yourself.
