44th Parl. 1st Sess.
September 28, 2022 02:00PM
- Sep/28/22 2:25:27 p.m.
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Mr. Speaker, the cost of government is driving up the cost of living. The $500‑billion inflationary deficit has doubled our national debt. The Parliamentary Budget Officer said yesterday that Canadians will have to pay twice as much in interest on our national debt. They will end up paying $46 billion, which is more than the cost of the Canadian military.
The Liberals' solution is to increase taxes on seniors and workers. Will the government cap spending so that it can cancel its inflationary deficits and taxes that Canadians are paying for?
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- Sep/28/22 2:26:07 p.m.
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Mr. Speaker, as usual, the Conservatives are not bothering to even acquaint themselves with the facts. The facts show that the federal government is currently running a surplus of $6.3 billion. The IMF forecasts that Canada will have the lowest deficit in the G7 this year.
We have the lowest debt-to-GDP ratio in the G7 and our AAA credit rating was reaffirmed this year.
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- Sep/28/22 2:27:26 p.m.
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Mr. Speaker, as usual, the Conservatives are not bothering to even acquaint themselves with the facts. Had they bothered to read the latest fiscal monitor, they would know that so far this fiscal year, the federal government is actually running a surplus of $6.3 billion. The IMF forecasts that Canada will have the lowest deficit in the G7 this year. We have the lowest debt-to-GDP ratio in the G7 this year, and our AAA credit rating was reaffirmed earlier this year.
We believe in fiscal responsibility, and that is why we are doing this.
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- Sep/28/22 2:30:07 p.m.
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Mr. Speaker, do colleagues know who is out of touch? A Conservative leader who thinks that now is a good time to slash pension savings. The reckless Conservative scheme would cost $3.8 billion a year, so that means the Conservatives are planning to either increase our deficit by $3.8 billion or slash the retirement income of our seniors.
They need to come clean. Do they plan to slash pensions and increase the deficit, or did they just not bother to think that far ahead?
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- Sep/28/22 2:40:30 p.m.
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Mr. Speaker, this is coming from the finance minister who has run up the biggest deficit in Canadian history, more than all previous prime ministers combined. She wants to lecture us on that. She has no credibility with Canadians.
The cost of groceries is at its highest level in 40 years. It has risen more than 10%. What is even worse is that now, the Liberals want to take even more from workers' paycheques as of January 1, 2023.
Rather than hurting everyone, will the Liberals end “Justinflation”, yes or no?
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- Sep/28/22 2:41:10 p.m.
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Mr. Speaker, if the Conservatives had bothered to read the latest financial monitor, they would know that so far this fiscal year, the federal government is running a $6.3‑billion surplus. We have the lowest deficit in the G7. We have a AAA credit rating.
What Canadians should be worried about is the fact that the Conservatives want to slash pensions.
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