44th Parl. 1st Sess.
May 1, 2023 11:00AM
Mr. Speaker, given the results of the vote, I guess this is a more valuable speaking slot now.
It is my honour to rise to bring the voices of Chatham—Kent—Leamington and, on the issue of Bill C-47 today, the voices of all Canadians to this chamber on the budget implementation act. Perhaps the single most important task performed each year by this House is the debate and the passing of the allocation of federal funds, or more accurately and specifically I should say it is the spending of taxpayer dollars.
It is our solemn obligation to responsibly steward the Canadian economy, a responsibility abdicated by the government. Therefore, it falls to my colleagues and I, as His Majesty's loyal opposition, to oppose and protest the adoption of the proposed budget. I know it is a shock.
The legislation would continue the government's war on work. The raising of taxes would punish the hard work of Canadians by taking an ever greater portion of their hard-earned paycheques away from them, which, in conjunction of the inflationary spending of the government, has seen the cost of living dramatically rise. Today, one in five Canadians are skipping meals, and over a quarter of food banks have seen their use doubled from historical norms.
To further insult the hard work of Canadians, the grocery rebate contained within the legislation would not even cover half of the inflationary costs of groceries purchased by the average family of four, not that expanding the rebate is the solution. One cannot tax and spend one's way out an inflationary cycle. It is due to the actions of the government that Canadians are struggling, yet its ill conceived answer to the problem of runaway spending is to raise taxes. Is it not the height of irony to give back to Canadians' money that was ripped away from them by the tax increases? Is it not further insulting to pretend these proposed rebates would solve the rising cost of living, which the government's spending has partially created?
These rebates would not return to Canadians the money taken from them, let alone cover the rising cost of living, which has already driven many struggling Canadians over the edge, nor would it address the underlying drivers of this inflation, namely the spending itself.
There is a well known adage that you have to spend money to make money. It is straightforward and easy to understand. However, left unspoken in that simple phrase is the understanding that one needs to invest money wisely and to make a profit, yet while the government loves to spend the hard earned paycheques of Canadians, it does not know how to invest.
The government, at the behest of the Prime Minister, over his tenure, has burdened Canadians with more debt than every single one of his predecessors combined. If members want to look at an example of failure to invest properly, they can just look at the track record of the Canada Infrastructure Bank.
Despite all that spending, there is no plan in place to balance the budget or control the inflationary deficits, which have driven up the cost of goods and, now, the interest Canadians must pay. Current projections of the government itself predict nothing but deficits far into the future. The national debt is likely to reach $1.22 trillion this year. Breaking that down into something Canadians can easily understand, that is nearly $81,000 per household in Canada. The cost of paying the interest on Canada's debt has nearly doubled since 2021 to a projected cost of $43.9 billion.
Again, despite all that spending, Canadians are worse off today than ever. The dream of home ownership has all but died for young Canadians, as nine in 10 believe they will never own a home. The minimum down payment on the average home has more than doubled across Canada under the government. The average cost of a mortgage has gone from $1,400 to more than $3,100. In 2015, the cost to rent a one-bedroom apartment was, on average, $973. Today it is $1,760. Prior to the Prime Minister taking office, the average Canadian only needed to spend 39% of their paycheque to make monthly payments on their house. Today, that number has risen to 62%.
By every objective measurement, things are more expensive, and Canadians are taking home less. Despite that fact, the proposed budget would only continue down the path of more spending while taking more and more from hard-working Canadians.
Returning to the issue of home ownership, the Canada Mortgage and Housing Corporation has stated that more than three and a half million new homes must be constructed before affordability can be restored. Conservatives demanded that the government include a provision in the budget to remove government gatekeepers to free up land and speed up building permits. However, as with every other common-sense proposal, the government turned a deaf ear to the plight of Canadians.
The government has even ignored its own promises and commitments. The Minister of Finance promised in this chamber one year ago that the government was “absolutely determined that our debt-to-GDP ratio must continue to decline. Our deficits must continue to be reduced....This is our fiscal anchor. This is a line we shall not cross. It will ensure that our finances remain sustainable.” Here we are a year later, and the Prime Minister has crossed that red line.
I have three commercial harbours in my riding. People in Chatham-Kent—Leamington understand that an anchor is not supposed to float. It is supposed to hold and remain fast, not float within a year of being uttered. It begs this question. What in this budget will be like that anchor, and we will be standing here a year from now describing that? What is going to float away over the next 12 months despite there being ample room to cut back on unnecessary spending?
Despite the pandemic being virtually over, government spending is still up $120 billion compared to prepandemic levels. In 2019, our program spending was $323 billion. The spending for this year by the government is projected to be $447 billion. Once again, it must be said that the government spends, it does not invest, all the while raising taxes as its unsustainable expenses continue to restrict and deny the well-being and future opportunities to our children and grandchildren.
From the work at the agricultural committee, we have heard from expert witnesses how food insecurity is a growing crisis. The typical disposal income spending for food in Canada has historically been around 9% of disposable income. It is now upward, closer to 14%.
Testifying at committee, Chief Byron Louis expressed how first nations communities had been devastated by the rising cost of food. Even first nations communities that are comparatively close to the Canada-U.S. border are having trouble, with many having to resort to food banks just to feed their families. It has even been more challenging for those who live in remote or northern regions. As costs continue to rise unabated, these communities will only have a harder time of it. It is an abdication of duty to allow this to continue.
The solution is simple. Reckless spending that the government refuses to address, let alone reduce, must stop. How can we continue to allow our children to go hungry in one of the wealthiest nations in the globe? Can we call ourselves a truly democratic nation if we let the most vulnerable go hungry? Where is the accountability? Simply ignoring the financial problems crippling Canadians will not make them go away.
As a farmer, I cannot begin to express how frustrating it is to hear that our children are going hungry because their parents cannot afford groceries. We produce more than enough food in Canada to feed Canada. It is the actions of government, the current government, that have seen the proliferation of food insecurity across our great nation.
It is abundantly clear that this food insecurity seen across Canada is the result of rising costs, not an inability of farmers or our food value system to provide. Instead, farmers are raising costs as a result of more taxes, the impact of the carbon tax on transportation and the rampant inflation affecting every input. Canadians are being priced out of their own grocery stores. It is a travesty and it must not be allowed to happen.
It cannot be stressed enough that Canadians are living in desperation, skipping meals, living in their parents' basements, unable to drive to work, falling into depression and even considering suicide because they cannot afford the bills imposed upon them over the past eight long years. This budget makes all those pressures, all those pains and all those costs even worse. This proposed budget cannot and should not be approved for the sake of every Canadian.
1503 words
- Hear!
- Rabble!
- add
- star_border
- share
Mr. Speaker, this member very much supports a balanced fiscal approach that reduces and gets rid of the need for a grocery rebate. If one is looking for places to bring that up, there were $21 billion in consultants fees. Why do we need a grocery rebate? It is because of inflation. Where is the inflation coming from?
58 words
- Hear!
- Rabble!
- add
- star_border
- share
Mr. Speaker, that is exactly my point. That is the driver of inflation. Are there good ideas, yes, but every creature on this earth must live under the law of scarcity. Priorities must be made.
35 words
- Hear!
- Rabble!
- add
- star_border
- share
I will let the member ask his question and then address it.
12 words
- Hear!
- Rabble!
- add
- star_border
- share
Mr. Speaker, the federal government often touts the fact that its federal debt is in not too bad of shape vis-à-vis other OECD countries or other G7 countries. The member is absolutely correct that when we take a total of our total sovereign and sub-sovereign debt, we are in trouble.
I do not mean to sound apocalyptic, but I did start my adult career in the early eighties and I remember interest rates. As a result of spiralling inflation, they got out of control as a result of spending. I am concerned. That is why my speech was as it was. The member is absolutely correct on the combination of debt that Canadians face and, more important, what the results of that will be for our kids and grandkids.
132 words
- Hear!
- Rabble!
- add
- star_border
- share
Mr. Speaker, for a moment, I thought my hon. colleague from Hamilton Centre was calling for more competition. With that, I can agree, absolutely. Unregulated capitalism is not what we have and it is not what we are advocating.
A market system works, and this my soap box and I wish I had more time. I will do 10 minutes on it at some point. A market system works when there is a balance of power across the negotiating table and across the marketplace table. I heard him call for more competition in some sectors, and I agree.
98 words
- Hear!
- Rabble!
- add
- star_border
- share
- menumenu
- notificationsnotifications
- home
- mailmail
- searchsearch
