Prudent fiscal management means working quickly to return to pre-recession debt levels.
The president wants more than $2 trillion of new spending over the next decade.
The government says $101 billion in stimulus spending is required for “sustained economic recovery.”
Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998.
Even though the vast majority of Americans never lost their jobs, politicians sent stimulus money directly to most households.
Governments should instead tax less to improve economic growth and spend less to reduce deficits.
The Trudeau government will run a record budget deficit approaching $400 billion.
C.D. Howe op-ed cites no empirical evidence or research to substantiate its opinions.
Stimulus spending can actually "crowd out" private economic activity.