Shaun Newman Podcast Mashup 183
Nov 7, 2025
In this lively discussion, Franco Terrizano, a representative of the Canadian Taxpayers Federation, dives into the alarming federal budget, highlighting excessive borrowing and rising interest costs. He critiques potential spending on FIFA and arts funding while advocating for cuts to bureaucratic positions. Amidst rapid-fire news, the hosts tackle everything from the controversy over an ostrich farm cull to Canada's quiet approval of cloned meat. Sean Newman, taking on a guest role, adds a dash of humor to the dialogue, making for an informative and entertaining exchange.
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Brutally Honest Coworker Story
- Shaun recounts a blunt coworker who joked he'd stab their boss with a screwdriver to illustrate candid personalities.
- He notes that such candor can end working relationships when taken literally.
Budget Spin Masks True Debt
- The federal budget hides true fiscal risk by using net-debt metrics and counting pension assets as liquid offsets.
- Franco Terrizano warns this understates gross debt and masks rising interest costs that hurt services and future budgets.
Interest Payments Are Crowding Out Services
- Rising interest charges already cost Canadians over $1,000 per person annually and divert funds from services.
- Fitch warned that persistent fiscal expansion risks downgrades that would further raise borrowing costs.