Oh boy, looks like Trudeau Jr is going to be like his father insofar as ballooning Canada's deficit to astronomical levels... surely to be followed by years of economic hardship to wrestle the deficit under control when interest rates inevitably grow.  

Basically a rinse and repeat of the 1970s.  Trudeau Sr jacks up spending and balloons the deficit.  Then, in the 1980s, interest rates grew and Canada struggled to pay its interest on the deficit.  Years of economic hardship ensued until Martin finally wrestled the deficit problem, but not before numerous spending cuts and tax hikes were implemented (included the 7% GST)

Wait to go Justin.  Your father would be so proud !!