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Decentralized Democracy

House Hansard - 92

44th Parl. 1st Sess.
June 20, 2022 11:00AM
  • Jun/20/22 2:32:21 p.m.
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Mr. Speaker, the finance minister must be wearing industrial-grade noise-cancelling earphones to avoid hearing the calls from economists to cut her government's over-the-top spending. She knows that it is only adding gas to the inflationary fire. The Prime Minister has said that anything that has a hint of fiscal restraint is austerity. He axed Bill Morneau for wanting to get post-COVID spending under control. Is she worried that if she presents anything to the Prime Minister that remotely resembles a cut, she might suffer the same fate as her predecessor, who went from Finance Minister Morneau to finance minister no more?
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  • Jun/20/22 2:34:52 p.m.
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Mr. Speaker, the number one issue on every Canadian's mind is inflation. This Liberal government is responsible for rising inflation. Conservatives are not alone in saying so. Yesterday, Scotiabank's chief economist, Jean‑François Perrault, said that “high levels of fiscal spending will necessitate an unnecessarily large crowding out of private spending”. In other words, the government does not know how to manage things, and that is driving inflation up. Will this government do the responsible thing, the right thing in an inflationary context, and control spending?
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