Welcome to structural deficits and debt servicing charges that will eat whole chunks out of the national budget (non-discretionary payments). We gave a bunch of ignorant children the keys to the candy store and now we get to live the stupidity. Eventually there will have to be a painful 90's era fiscal rebalancing because much of the electorate are apparently too dim to learn the lesson and understand some simple concepts. 

Well, like our PM who thinks that budget deficits don't matter. I suppose it's understandable given that he's never had to be concerned with personal finances in his life and Butts is the one pulling the strings anyway.   

From the FP:
"...the federal government’s recent long-term projections of its finances over the next 40 years. The analysis found that under existing policies and a set of assumptions, Ottawa can expect to run deficits every year from now until 2051, racking up at least $900 billion in new debt."