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Aaron Gunn

Aaron is the Director of Special Projects with the Canadian Taxpayers Federation and Executive Director of the Generation Screwed campaign. He graduated in 2013 from the University of Victoria with a degree in commerce after completing internships at the CTF and BlackBerry, and service in the Canadian Army Reserves. Aaron resides in Victoria, BC

Introducing “Generation Screwed”

Searching for a number young Canadians should care about? How about $1.2 trillion? That is the amount of debt future generations of Canadians have been saddled with by governments across Canada. Governments who have continually spent beyond their means, seemingly unnerved by the prospect of sticking future generations with the bill for benefits they enjoyed. The scope of this reckless fiscal management knows no bounds. From coast-to-coast-to-coast, NDP, Liberal and Conservative governments share in the blame for the mountains of debt they have put on the backs of future generations of taxpayers. In the most recent fiscal year, 2012-13, the federal government and every province (save Saskatchewan) ran a deficit – adding a whopping $42 billion to total government debt. In Ottawa, despite the fact government revenues are $12 billion higher than during the pre-recession peak, the Harper government continues to run a deficit – the result of out-of-control, runaway spending – not an economic downturn. In Ontario, Premier Kathleen Wynne’s government has abandoned deficit-reduction targets all-together.  In doing so she has forgone the economically responsible approach, choosing instead to pursue reckless spending policies to extend her political life, all at the expense of future generations. It’s time for these future generations to have a voice. Unfortunately, government debt is the tip of the iceberg facing future generations. Unfunded liabilities, by comparison, present an even greater threat, representing future payment obligations for which the government has neglected to set money aside. In Canada, the C.D. Howe Institute estimates this will total an additional $1.5 trillion in health and pension expenditures over the next fifty years – a figure even greater than Canada’s total government debt. The Fraser Institute pegs it at an even higher $2.9 trillion when all program obligations are included. And where will this money come from? The… Read More