WINNIPEG, MB: The Canadian Taxpayers Federation’s Debt Clock is showing the federal government’s $1.2-trillion debt increase in real time in Winnipeg.

“The federal debt is already more than $1 trillion and it’s going up by more than $100 million every day,” said Gage Haubrich, CTF Prairie Director. “Every dollar the feds rack up in debt today is a dollar plus interest that taxpayers will have to pay back tomorrow.”

The Debt Clock is a huge digital counter mounted on the side of a moving truck that shows the federal debt increase in real time.

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

By the end of this year, Prime Minister Justin Trudeau will have more than doubled the federal debt since taking office.

Federal debt interest charges will cost taxpayers $54 billion this year – that’s more that the federal government collects through the GST annually.

“Every penny we pay in federal sales tax is going to pay interest on the Trudeau government credit card,” Haubrich said. “The feds are wasting too much money on debt interest charges so Trudeau needs to cut spending and balance the budget.”