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Decentralized Democracy

House Hansard - 134

44th Parl. 1st Sess.
November 24, 2022 10:00AM
  • Nov/24/22 3:04:11 p.m.
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Mr. Speaker, since 2015, the Prime Minister has doubled our national debt to $1.2 trillion. Over $100 billion of that was even prior to the pandemic. He has incurred more debt than all other prime ministers combined. Just yesterday, the Governor of the Bank of Canada told me that, but for this massive spending, inflation would have been less. This is a very important question: Will the Prime Minister finally admit that his failed fiscal policy is costing Canadians more for everything?
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  • Nov/24/22 5:52:57 p.m.
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Madam Speaker, the first thing I asked for in this debate was for my colleague across the way to pull his head out of his Liberal notes and actually do some thinking on this, but a bunch of what he said is malarky. In any event, let us go through the actual numbers. He talked about the G7. He talked about how Canada performs on a net debt basis. His numbers, his government's numbers and his speaking point narratives are far different than those of any other body in the world that measures where we are economically in the world, including the IMF, which has recently ranked Canada far lower than his vaunted expectation of where this country is. That is because some people know how to count. I do not think anybody on that side of the House knows how to do the math on this. On the G7 countries he talks about, Canada is the only G7 country that has not either reduced its carbon taxes because of inflation or done away with them completely. How does he respond to that?
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