CALGARY, AB: The Canadian Taxpayers Federation’s Debt Clock is showing the federal government’s $1.2 trillion debt increase in real time in Calgary.

“The federal debt is already more than $1 trillion and it’s going up by more than $100 million every day,” said Kris Sims, CTF Alberta Director. “As of this year, Prime Minister Justin Trudeau will have doubled the entire federal debt since taking power, and it’s our kids and grandkids that will be paying the price.”

The Debt Clock is a huge digital screen mounted on the side of a truck that shows the federal debt going up in real time.

The federal government’s debt is currently more than $1.2 trillion. Each person’s share of the federal debt is more than $29,000. The Debt Clock shows the debt increasing by $1,200 every second.

Federal debt interest charges will cost taxpayers $54 billion this year.

The CTF is touring the Debt Clock through Alberta this week.

“The interest cost on the federal debt is now so big, it’s what we are paying in the GST,” Sims said. “All Albertans should be telling the politicians in Ottawa to stop wasting our money and to balance the federal budget.”

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