5th November 2025

Re: The generational Budget of 2025

I do not have a telephone sized book (in either size or format) on this overdue budget and therefore have to base my comments on what was shouted out in the Canadian House of Ill Repute yesterday.

When a comment is repeated over and over again it is like a plea for the unbelievable to be believed. “We believe in Canada” was repeated 22 times in the course of this presentation and each time it grated on me a bit more as government members stood and clapped in vapid adoration of what is a complete falsehood. The Drama Queen and the Banker had/have only interest in making money for themselves and have no such belief in Canada or Canadians.

Again, and again the use of the wording “we will” or “we are going to” was used as it has for a decade now, specially though since the last election and is as fake as ever. Why are we still waiting for things to be done that could have been started years ago and maybe even completed by now?

Mention was made about doing things not done in such a scale since 1945 and I have to remind the two responsible for this boast that in 1945 we had the benefit of our own publicly owned Bank of Canada to finance what was done back then and for some 30 years thereafter. Since 1974 our bank has been virtually sidelined by the actions of the then governor Gerald Bouey who signed us into the grips of the Bank of International Settlements through Basel 1, 2 and 3 without consulting the actual owners of the Bank of Canada. Today our Bank of Canada is virtually emasculated into simply being an inflation watchdog thanks largely to our current PM.

How can a new deficit of $80 billion be acceptable to any monetarily aware person? The national debt clock show Canada’s debt at 1310 today 5th November 2025 a massive $2.75 trillion and rising fast.

A bit larger than that from 1945: $11.3 billion: This figure is cited as the net debt at the end of the war in 1945, according to the Fraser Institute, and this figure includes all the costs incurred in WW2. and proves that we have as a country mortgaged our future thanks to the current politicians.

Which brings me to this: Investments are speculations and when borrowed money is used to make those investments there should be some sort of plan to pay for that money. We are being led (if that is the right word) by a self-proclaimed investment banker who would not grant loans based on what was offered on Tuesday. No matter what you want to call them these investments are nothing more than expenses as there is absolutely no suggestion of financial returns which any normal person would expect from an investment.

I did not hear one word of how any of these expansive expenses would be paid for. Not one!!! There might have been one in the PDF version of the book and if so please advise me how I am expected to help pay for this largesse.

What really made me concerned is when I realised that my great grandchildren will not have the opportunity to live the lives I wanted to give them when I came to Canada in 1967. At my young age of 85 I still have to work part time to put food on my table and I fear that they will have to learn the art of dumpster diving to fed themselves.

As long as we have wealthy self-serving people pretending to work for Canada we will never get back to where we should be, and I find that very depressing and sad. I do not have a vote as such in the House but my MP is smart enough to object to this budget for reasons very different from mine but I will accept it.

I neither approve of or condone this budget as being good for Canadians as apposed to greatly assisting international bankers and investors.

PS: Why am I expected to pay for the fear shown over the myth of man-made climate change. I come from a long line of botanists who taught me the value of CO2 to the survival of the planet and how we are too close to the dangerously low proportion of CO2 in our atmosphere.