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Decentralized Democracy

House Hansard - 118

44th Parl. 1st Sess.
October 26, 2022 02:00PM
  • Oct/26/22 2:08:23 p.m.
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Mr. Speaker, the Liberal government's incompetent, insensitive, voodoo economic management is crushing everyday Canadians. More debt has been added by the Prime Minister than all prime ministers before him combined. The Liberals said that, because interest rates were rock bottom, it was no big deal to print billions—
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  • Oct/26/22 2:14:11 p.m.
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Mr. Speaker, the Liberal government's incompetent, insensitive, voodoo economic management is crushing everyday Canadians. More debt has been added by the Prime Minister than—
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  • Oct/26/22 2:47:56 p.m.
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Mr. Speaker, Canadians are now getting the bill for the Prime Minister's $500-billion inflationary deficit. Today, interest rates are being raised again. A family that bought a typical home five years ago with a typical mortgage that is now up for renewal will pay $7,000 more a year. The Prime Minister said that the government was taking on debt so that Canadians would not have to. Who is going to make the extra mortgage payments?
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  • Oct/26/22 2:49:19 p.m.
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Mr. Speaker, Canadians are now getting the bill for the Prime Minister's half trillion dollars of inflationary deficits that first drove up inflation and now drive up interest rates. A typical family who bought a typical home with a typical mortgage five years ago but are now up for renewal are paying $7,000 more per year. The Prime Minister said the government was going to take on all this debt so that Canadians would not have to, as if they do not have to pay back government debt. If that were the case though, who is going to pay the extra mortgage payments for these families?
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  • Oct/26/22 3:04:30 p.m.
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Mr. Speaker, let us look at real, responsible allies of ours, like Japan, Switzerland, Taiwan and Hong Kong, that took the right steps and kept inflation under 3%. They did not print boatloads of money that was valueless and make sure their citizens got put further into debt. Canada now has the highest interest rate in the entire G7, pushing more families to food banks and homeless shelters. Like we said before, the more the Prime Minister spends, the higher interest rates and the higher “Justinflation” goes. Will the Prime Minister take responsibility for Justinflation causing higher Bank of Canada interest rate hikes, yes or no?
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  • Oct/26/22 3:06:16 p.m.
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Mr. Speaker, we all remember when the Minister of Finance said that she could afford to increase the debt to record levels because the interest rates were so low. Now that she is vying for the Prime Minister's job, she is changing her tune and warning Canadians of the dangers of rising inflation and the fact that her government has to tighten its belt. In the meantime, millions of Canadians cannot make ends meet. Can the Prime Minister confirm that he will cancel the carbon tax?
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