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Decentralized Democracy

House Hansard - 116

44th Parl. 1st Sess.
October 24, 2022 11:00AM
Context: House Hansard - 116 - Oct/24/22
Mr. Adam Chambers (Simcoe North, CPC)
  • Oct/24/22 2:12:48 p.m.
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Mr. Speaker, Canadians are bracing for a difficult period ahead. Winter is coming. Warnings about a slower economy and inflation resulting in higher food and energy prices are enough to increase the anxiety of all Canadian families. On this side of the House, the Leader of the Opposition warned the government how drastically increasing the money supply could lead to inflation. Even a few months ago, when anyone raised concerns about the risk of a slowing economy, the Deputy Prime Minister called those individuals “economically illiterate”. Do members remember when inflation was supposed to be transitory? The government spent years telling Canadians that deficits and debts were not a problem because interest rates were low. It added $100 billion to the debt before COVID, $500 billion during COVID, and now we are going to spend more in interest on the debt than we do on national defence. Canadians are told not to worry because the Liberal government has found fiscal restraint, but how can they trust the arsonist to put out the fire?
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