Canada has a serious debt problem, and the Parliamentary Budget Officer has just put some disturbing numbers on the table. Another $732.9 billion in projected federal borrowing over five years. Annual interest costs climbing toward $83 billion. And federal debt growing faster than the economy. Think about that. By 2030, Ottawa could be spending nearly $2,000 per Canadian annually just servicing the federal debt. That’s money unavailable for healthcare transfers, infrastructure, tax relief or reducing the debt itself. Carney promised competent economic management. Yet the PBO is warning that his government’s fiscal rules provide limited spending discipline. Borrowing for productive investment can make sense. But calling something an investment doesn’t automatically make it productive. Where are the measurable returns? Where is the accountability? The real issue isn’t whether Ottawa can borrow another three-quarters of a trillion dollars. It’s whether Canadians will receive enough economic benefit to justify the additional obligations. You cannot build lasting prosperity by increasing government debt faster than the economy’s capacity to support it. Eventually, taxpayers pay for political promises made years earlier. And future generations don’t get to vote on the bills we’re leaving them today.