- Joined
- Dec 16, 2017
Something that has been turning inside my mind for a bit. I've been thinking of the promised spending for various major projects:
- Defense (needs $150B per year to achieve NATO's 5% of GDP by 2035. Largely uses creative accounting to include infrastructure projects as I doubt that Ottawa has any serious plans for streamlining procurement and recruitment beyond another layer of bureaucracy.)
- ALTO (promised price tag: $90B, but projects of this scale typically go overbudget, overschedule, and with Ottawa's reputation, underdeliver. If I use the Trans-Mountain expansion as a baseline, I could see this ballooning to $200-250B for a service a vast majority of Canadians will never use.)
- Space Launch Capacity (This get take tens of billions before anything is launched due to logistical bottlenecks, and frankly, the attitude I get from proponents is that they want to compete with SpaceX and Starling. However, Canada is a day late to the party and a trillion dollars short.)
- Canada Strong Fund (Given that the 2025 Federal Election has emboldened the Liberal Party in light of Trudeau-era scandals, we can dispense with "innocent until proven guilty" and assume that this is another slush fund for insiders. The fact that it is funded by debt leads into the next point I want to make.)