Canada is rapidly approaching an economic brick wall—and few are talking about it. While headlines often focus on temporary fixes, the deeper problem is structural: an unsustainable welfare state propped up by borrowed money and an inflated public sector.
The latest alarm bell may come from St. Clare’s Mercy Hospital in St. John’s, Newfoundland and Labrador, where doctors are reportedly preparing to submit resignation notices. But this is not just a localized issue—it’s a signal of broader systemic failure in Canada’s universal health care system.
The Federal Spending Problem
If you examine past federal budgets, you’ll notice a troubling trend. It’s not just consultants absorbing taxpayer dollars—it’s the consistent upscaling of federal public-service salaries. Provinces transfer tax dollars to Ottawa, yet the federal government continues to rely heavily on borrowing from the Bank of Canada to meet its obligations.
This culture of excess has created an oversized and overpaid white-collar public service. Many of these roles add little value but are politically protected, even as essential blue-collar and frontline workers are overburdened, underpaid, and increasingly demoralized.
Misconceptions About Money and Modern Leftism
A dangerous misconception persists in Canadian political discourse—particularly on the left: that because the Bank of Canada can print money, the government can spend indefinitely without consequence. This illusion is not only economically false—it’s destructive.
The true consequence of unchecked money printing is erosion of work ethic. As fiat currency loses its value, fewer people—especially those in physically demanding or highly skilled professions—will work hard for it. Why should a doctor or manual laborer endure long hours if their efforts are devalued by an inflated currency and capped wages?
The Health Care Crisis in Context
Canada’s universal health care model means that wages for doctors and nurses are publicly set and capped. In some provinces, citizens can even look up exactly how much health care professionals earn. While transparency is admirable, wage suppression is not—especially when U.S. hospitals offer higher pay, lighter workloads, and a lower cost of living, all in the same English language.
In the United States, health care operates on market principles. Skilled professionals can negotiate their worth, innovate, and build practices without bureaucratic ceiling blocks. Meanwhile, in Canada, many of our best are quietly leaving—voting with their feet for better opportunities elsewhere.
The Bigger Picture: Austerity Is Coming
The uncomfortable truth is that austerity is inevitable. Canada is spending beyond its means and refusing to make difficult choices. With rising inflation, declining productivity, and fewer people willing to work in critical sectors, the cracks are now becoming chasms.
And yet, few leaders are brave enough to say the word “austerity,” let alone implement it.
If we continue down this path—refusing to reform, pretending money has no cost, and capping the wages of our most essential workers—more resignations and economic decline are certain.
Final Word
If you’re still reading this, consider this more than an economic commentary. It’s a spiritual wake-up call.
Consider making Jesus Christ your Lord and Savior today.