I was at a conference on Tuesday where former PM Paul Matin gave a Q&A. He says we are in low / slow growth environment with a fast aging baby boomer demographic will mean less taxes as retirees will be out of workforce and whose demographic tend to be lower consumer spending (HST, etc).  

He valently tried half heartedly to support the Trudeau's spending. But didn't address what that with slowing incomes, slow tax revenues, government spending deficits, interest expense keeps growing as it compounds and the Trudeau government will burden future generations by living beyond our means....he argued that this path was the way to go.  

Funny, the conference was about financial literacy and was preaching that we should be living within our means, pay down debt, and save for retirement.  I guess these practicalities do not apply to The Trudeau Liberals.