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Decentralized Democracy

House Hansard - 143

44th Parl. 1st Sess.
December 7, 2022 02:00PM
Context: House Hansard - 143 - Dec/7/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Dec/7/22 2:22:29 p.m.
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Mr. Speaker, Canadians were hit with yet another interest rate hike today. The Bank of Canada imposed that hike, but it had to do so because of this government's inflationary deficits. Even the Governor of the Bank of Canada indicated that the deficits are increasing inflation, which in turn leads to higher interest rates. For a family that bought an average house with an average mortgage, that is $7,000 more in interest a year. That is impossible. The more the government spends, the more Canadians pay. When will the Liberals stop making Canadians pay?
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Context: House Hansard - 143 - Dec/7/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Dec/7/22 2:23:50 p.m.
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Mr. Speaker, Canadians were hit with another interest rate uppercut today as inflationary deficits by the Liberal government are driving up inflation and interest rates. The Governor of the Bank of Canada has even said these deficits are driving the higher cost. One mother told the CBC that she signed into a 1.9%, variable rate mortgage because she believed the government when it said that the rates would be low for long. She now says, “I should punch myself on that decision. Why did I listen to all these people?” How is this mother going to pay the extra $1,000 a month in mortgage payments they are putting on her back?
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Context: House Hansard - 143 - Dec/7/22
Mr. Marty Morantz (Charleswood—St. James—Assiniboia—Headingley, CPC)
  • Dec/7/22 3:08:13 p.m.
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Mr. Speaker, we have seen $52 billion in new inflationary spending and $500 billion in deficits in just two years. Yesterday the Auditor General reported that $32 billion in overpayments and suspicious payments just went out the door. The Governor of the Bank of Canada said that if Liberal spending had been less, inflation would have been lower, and today interest rates went up by another half a per cent. The Prime Minister's big spending is now hurting Canadians. Will he stop the spending, stop the waste and get inflation under control finally?
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Context: House Hansard - 143 - Dec/7/22
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Dec/7/22 4:49:40 p.m.
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  • Re: Bill C-32 
Mr. Speaker, there is a lot in this fall economic statement worthy of support, and I think a lot to critique. My hon. colleague pointed that out as well. However, I take some issue with his recitation of history. I was in this House from 2008 to 2015, when the Conservative government ran deficits in 2009, 2010, 2011, 2012, 2013 and 2014. After the 2008 economic shock, it ran six successive deficits and only magically balanced it in an election year. My hon. colleague talked about taking credit for reducing the GST. The Conservative Party invented the GST. It brought the GST to Canadians. How can he expect Canadians to take him seriously when his party has been so instrumental in creating deficits in this country and brought the GST to this country? Does he still think the GST is a good tax?
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