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Decentralized Democracy

House Hansard - 31

44th Parl. 1st Sess.
February 15, 2022 10:00AM
Context: House Hansard - 31 - Feb/15/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Feb/15/22 2:54:00 p.m.
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Mr. Speaker, the Conservatives continue, in all aspects of Canadian life, to put forward a false narrative, and the latest false narrative we have been hearing today is about the economy. The reality is that the Canadian economy is recovering strongly from the COVID recession. In the third quarter, our GDP grew by 5.4%. That is higher than the U.S., Japan, the U.K. and Australia. When it comes to our debt-to-GDP ratio, our AAA credit rating was reaffirmed in the fall by S&P and Moody's.
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Context: House Hansard - 31 - Feb/15/22
Mr. Garnett Genuis (Sherwood Park—Fort Saskatchewan, CPC)
  • Feb/15/22 11:44:08 p.m.
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  • Re: Bill C-12 
Madam Speaker, I thank my friend for her commitment, her sincerity and her passion. She presented us with a wish list for a world without scarcity, which I would say, quite honestly, is not the world we live in. That is a function of the reality of the human condition, not of anything else. She and I both hope for a world in which scarcity does not exist. In the world we live in, we have to face tradeoffs. It seems to me that policy-making is about those tradeoffs. Realistically, one cannot simply say that we want to spend more here and spend more there without asking where it all comes from. We are in a situation where, in the midst of this pandemic alone, the government has run up a deficit that has created a national debt of over $1 trillion in this country. I think about my kids and the cost they will have to pay. That has to come from somewhere. I would like to work with the member and other members on the issues she talked about: combatting poverty and making it easier for people to have the opportunities they need. To me, that comes from growth of jobs and opportunity—
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