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Decentralized Democracy

House Hansard - 198

44th Parl. 1st Sess.
May 16, 2023 10:00AM
  • May/16/23 2:19:36 p.m.
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Mr. Speaker, not long ago, the Prime Minister told us that inflation was falling, and his finance minister said that deficit spending would simply pour gasoline on the inflationary fire. A few weeks later, however, she did pour $60 billion of new inflationary fuel on the fire in her budget, at an additional cost of $4,200 to each Canadian family. Today we found out that inflation is rising again. When is the government going to reverse this Prime Minister's inflationary policies?
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  • May/16/23 2:22:22 p.m.
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Mr. Speaker, not long ago, the Prime Minister told us that inflation was falling, and his finance minister said that she would avoid deficit spending because that would simply pour gasoline on the inflationary fire. She did pour $60 billion of new inflationary fuel on the fire; as a result, today we see inflation is rising again, led by higher mortgage payments for the average Canadian. Will the government stop pouring fuel on the fire so that Canadians could afford to pay their bills?
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  • May/16/23 2:23:42 p.m.
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Mr. Speaker, actually, when I said two years ago that deficits would cause inflation, that was controversial. Now, everyone agrees that I was right, including the Governor of the Bank of Canada, who now says that inflation is caused by deficits. The finance minister has agreed that I was right, when she said that deficits pour fuel on the inflationary fire. She poured $60 billion of that fuel. That is $4,200 per family. Canadians cannot afford to eat, heat their homes or house themselves. Will that minister stop pouring the fuel on the fire so Canadians can again pay their bills?
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