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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 3:04:51 p.m.
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Mr. Speaker, I would like to remind the opposite side of the House and Canadians that Conservatives voted with us to support Canadians during the pandemic. If they are having heartache over that now, that is on their conscience, not on ours, because we did the right thing to support Canadians. Canadians and people around the world are facing a crisis when it comes to the cost of living. While we have the lowest debt-to-GDP ratio and the lowest deficit in the G7, while we have among the lowest inflation in the world, that is not good enough. That is why we are helping those Canadians who need it the most when they need it the most, investing in the economy so that it can grow, and investing in our fiscal position so that we can meet the challenges of the future.
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  • Nov/24/22 3:06:14 p.m.
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Mr. Speaker, moms and dads who used the CERB to stay home and take care of their kids did not cause inflation. Businesses that wanted to keep their doors open so they could serve Canadians in 2022 for the Christmas season did not create inflation. This government took the steps it needed to support Canadians, to support businesses and to support provinces. What we have done in the fall economic statement is support the economy so that it can grow and make sure that our fiscal position is strong. What are we doing? We are responding to the needs of those Canadians who need help when they need it now. What are the Conservatives doing? They are suggesting that people invest in crypto. That is irresponsible.
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