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Decentralized Democracy

House Hansard - 23

44th Parl. 1st Sess.
February 3, 2022 10:00AM
Context: House Hansard - 23 - Feb/3/22
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
  • Feb/3/22 2:50:54 p.m.
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Mr. Speaker, inflation is at a 30-year high, pay cheques are getting smaller due to increased CPP rates and household debt is at a record high. I asked the Prime Minister what would happen if interest rates go up and people cannot afford their payments anymore. Does he have a plan or does he just have more empty words disconnected from Canadians' realities?
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Context: House Hansard - 23 - Feb/3/22
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
  • Feb/3/22 2:52:01 p.m.
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Mr. Speaker, the slower the finance minister responds to questions of real concern does not make the matters any less urgent. To the federal government, our payments on debt servicing alone are growing faster than our health care transfers. If interest rates go up when affordability has never been worse, what would happen? The Prime Minister and finance minister believe that budgets balance themselves, but payments will not pay themselves. What is their plan to help Canadians cope with rising gas prices, inflation and everything else?
86 words
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