Dear John,

Remember Ottawa's poorly-targeted COVID spending, and how it was sent to so many ineligible recipients?

It's going to cost you even more now.

A new study published by the Fraser Institute today finds that the total cost of the federal government’s wasteful COVID spending will eclipse $110 billion by 2032/33, partly as a result of higher debt interest costs.

Remember: an estimated 25% of Canada’s COVID spending ($89.9 billion) was wasted in the form of overpayments, money being sent to ineligible recipients, and/or those that weren’t in genuine need.

The study finds that this spending has added $8.3 billion to present-day interest costs on the country’s national debt.

And just like all government debt, those new interest costs will be covered by... taxpayers.

Check out the full study here [[link removed]], and be sure to spread this one far and wide.

Sincerely,

Niels Veldhuis

President

The Fraser Institute

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