If nobody comes and buys government debt then central banks would have to raise the interest rate to attract bond buyers.

In a sane world, yes, this is the way it works.

In our current insane ClownWorld, this is not what's happening. Nobody is 'buying' Canadian treasuries except for our federal bank. Idiot liberals like to try and play this down and call it 'borrowing from ourselves.' I like to call it what it is, stealing from our grandchildren. Interest rates do not have to rise right away because there truly are very few buyers (if any) for our bonds except for what basically amounts to our own government.

This is the game Turdeau is playing, and it's a fucking dangerous one. Unfortunately the old adage of 'conservatives only want to cut when they're in government' is entirely true. Conservatives have to cut when they're in government because of all of the overspending that the previous Liberal governments have traditionally done. It puts us on the backfoot every single fucking time because Canadians are largely too fucking dumb and lazy and fucktarded to see through this bullshit and know what's actually happening.

Essentially we are our own worst enemy. : /