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Decentralized Democracy

House Hansard - 117

44th Parl. 1st Sess.
October 25, 2022 10:00AM
  • Oct/25/22 2:31:13 p.m.
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Mr. Speaker, the finance minister would have people believe she had a financial epiphany recently. We are not sure the Prime Minister has started thinking about monetary policy just yet, but this is a start. She finally admits the fiscal disaster her government created is not working, and the only way to fix Liberal inflation is to rein in spending. Canadians are skeptical, though, given the Liberals are the ones who caused this inflation in the first place. Did the finance minister really wake up to reality, or was this peer pressure?
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  • Oct/25/22 3:01:58 p.m.
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Mr. Speaker, let me simply correct the record by saying, as I have said before, that we actually have the lowest deficit among G7 countries. It is hovering around 1%. That is almost zero deficit. Let me also come back to the importance of the measures we put in place and the importance of supporting Canadians when they needed it most. It ensured not only that Canadians continued to take home a paycheque and continued to be able to pay their rent and their mortgages, but that our economy came roaring back even stronger than it was prior to the pandemic thanks to the smart investments we made and the fiscal responsibility we still maintain today.
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  • Oct/25/22 6:58:25 p.m.
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Madam Speaker, our government understands quite well that Canadians are feeling the effects of elevated inflation, which, as I outlined in my previous speech, is a global phenomenon. They can count on our government to continue supporting them through this cost of living crisis while remaining prudent fiscal managers. However, the Conservatives, under their new leader, have presented basically a three-point affordability plan. First, they are suggesting that they would destroy the independence of our institutions that have been built up over generations, institutions like the Bank of Canada. Second, they would stop fighting climate change. Third, they are proposing to raid the pension benefits of our seniors by attacking agreements that we have made on the Canada pension plan. Their plan is not reasonable. It is not responsible and, really, it directly reflects their current leader.
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