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Decentralized Democracy

House Hansard - 119

44th Parl. 1st Sess.
October 27, 2022 10:00AM
Context: House Hansard - 119 - Oct/27/22
Hon. Andrew Scheer
  • Oct/27/22 5:09:07 p.m.
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  • Re: Bill C-31 
Madam Speaker, this is the devastating reality that many Canadians are waking up to in the coming weeks and months as mortgages come up for renewal. I have already heard from friends and relatives of mine who maybe had a 2% or a 2.25% interest rate four or five years ago and are now renewing at 6%, 7% or 8%. Many Canadians are going to be faced with the tragic, sad reality that they are going to have to just toss the keys back to the bank, because they will not be able to make those payments. The Prime Minister erroneously said to Canadians that the government was going to go into debt so Canadians did not have to. This is how Canadians are paying for it. They are getting stuck with the bill. The Liberals got the party. Canadians are paying the bill, and the sticker shock on that bill is awful. It is one more reason we should come here with sleeves rolled up and pencils out to be finding new ways to lower the cost of government, rather than finding new ways to borrow money to spend.
191 words
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