Claims extracted
16
sentences that state something as happening or true
Uncertain
0%
0 of 16 hedged
("reportedly", "may", "according to")
Leaning
Leans strongly right
of the writing, not the subject · beta estimate
Publisher signals
96/100
Toronto Sun's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
56
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Because of the way Prime Minister Mark Carney is spending our money, taxpayers have a lot more to worry about than the size of the federal deficit.
asserted
taxpayers → spend → deficit
In its latest budget, the Liberals are pouring hundreds of billions of borrowed taxpayer dollars into crown corporations and other so-called arm’s length agencies to finance government programs.
asserted
Liberals → pour → programs
These costs don’t appear in the federal books as part of the deficit.
asserted
costs → appear → deficit
Under what’s known as accrual accounting, this spending is classified as investments, rather than liabilities, even though it’s all being financed by government debt.
asserted
it → know → debt
Adds to debt
Unless these investments return profits above the cost of financing them, they add to the debt, which taxpayers are responsible for paying.
asserted
taxpayers → add → debt
Parliamentary budget officer Annette Ryan warned that federal borrowing of this type is growing at more than double the rate of federal deficits over the next five years – $732.9 billion compared to $333.3 billion.
asserted
borrowing → warn → billion
“This obscures the realities of cash debt and raises questions about whether the current fiscal framework provides a complete and transparent picture of Canada’s fiscal sustainability,” Ryan wrote.
asserted
Ryan → obscure → sustainability
“Cash outlays drive borrowing, which … increase market debt and public debt charges, independent of how they are recorded.
asserted
they → drive → debt
Borrowed money must be paid back with interest
There is no free lunch.
asserted
money → borrow → interest
Money the government borrows eventually has to be paid back, with interest, no matter how the government classifies it.
asserted
government → borrow → it
A previous PBO report warned that the feds misclassified $94 billion of operating expenses as capital investments, rendering meaningless the PM’s boast that he will balance the operating budget next year.
asserted
he → warn → budget
In fact, Ryan wrote: “A balanced operating budget should not be interpreted as a balanced fiscal position.
asserted
budget → write → position
By design, it includes debt-financed capital spending, meaning borrowing and debt can continue to grow while the target is being achieved.”
asserted
target → include → spending
Kevin Lynch, a former federal deputy finance minister, warned in a Globe and Mail column that the Carney government has already spent its entire revenue windfall from high oil prices and inflation on new government programs rather than reducing deficits.
asserted
government → warn → deficits
It’s also gambling that there will be no major global economic shocks over the next five years.
asserted
It → gamble → years
“Canadians had better hope the budget’s two big bets pay off,” Lynch concludes, because taxpayers will be on the hook whatever happens.
asserted
whatever → hope → hook
The Aporia
