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Decentralized Democracy

House Hansard - 52

44th Parl. 1st Sess.
April 4, 2022 11:00AM
  • Apr/4/22 1:51:55 p.m.
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  • Re: Bill C-8 
Mr. Speaker, I think a lot of people are following this vote very closely because it sends a signal to Canadians about how, and whether or not, the government is going to act responsibly. Having a game plan on how we are going to pay back our debt or get to a zero deficit is not a bad thing. Having a strategy in place to say this is our focus as we go out of the COVID world into an economy that is possibly facing another global war with what we are seeing in Ukraine and Russia is probably a good thing. Actually making sure that we have our ducks in a row physically and financially is very important. Canadians want to see that out of the government, but right now what they are seeing out of the government is confusion. They are seeing a lot of spending. They are seeing a lot of untargeted hyperopia on things the government wants to do moving forward, but nothing that really focuses on Canadians to actually set their families up for the future, and nothing that will prevent our kids from making the horrible decisions the Liberals made in 1995-96 because of the irresponsible spending before them.
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  • Apr/4/22 2:20:54 p.m.
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Mr. Speaker, after campaigning on a deficit of $168 billion, the Conservative opposition continues to flip-flop. On Mondays it wants do more for seniors. On Tuesdays it wants to cut the CPP. On Wednesdays it wants to do more for small business. On Thursdays it wants to block Bill C-8. If the Conservatives want to help small business, farmers, teachers and Canadians, they can do the right thing and support Bill C-8.
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  • Apr/4/22 2:33:21 p.m.
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Mr. Speaker, last week, the former parliamentary budget officer indicated that this is not the environment in which we want to do deficit spending. The economy is in recovery, and unemployment is low, while the Bank of Canada is struggling to deal with inflation we have not seen in 30 years. Does the Minister of Finance realize that additional spending risks making inflation worse, yes or no?
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  • Apr/4/22 2:33:51 p.m.
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Mr. Speaker, I will remind Canadians and opposition members that they campaigned on deficit spending of $168 billion. Our fiscally prudent plan, which will be revealed in the budget later this week, will continue to not only make investments in Canadians but also set us on a very prudent course for the future. Our GDP is now above prepandemic levels. We have recovered 3.4 million jobs. We came into this crisis with the lowest debt-to-GDP ratio in the G7, and after investing half a trillion dollars in Canadians, it is still the lowest debt-to-GDP ratio in the G7.
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  • Apr/4/22 4:38:59 p.m.
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Madam Speaker, after listening to the commentary and speech from my colleague across the way, I have to say that with respect to our responsibilities as members of Parliament, there are two things. One is to talk about all the things we would advocate with respect to spending, and the member went through a litany of what that would be. What was completely absent from all of that discussion was how we are going to pay for it. In these conversations we are having this week in the lead-up to the budget and in the report we have here from the committee and in numerous other factors, the government does not tell us how it is going to pay for that spending because it is not going to. It is adding to our federal debt and our annual federal deficit. We were already projected to have that before the recent NDP-Liberal deal or coalition agreement, whatever the budget may be this week. If the government is saying it is going to spend on A, B, C or D, I think it is important for Canadians to know how it is going to pay for it. The member has been quiet on that because there is no way to do it. It is adding to the country's credit card and letting somebody else have to deal with it down the road.
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