44th Parl. 1st Sess.
May 31, 2023 02:00PM
- May/31/23 2:11:27 p.m.
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Mr. Speaker, after eight years of the Prime Minister, inflationary Liberal deficits have caused a world of hurt.
After their latest carbon tax increases and their $43-billion deficit-busting budget, the inflationary pain Canadians are feeling continues to rise. Rent and mortgages have doubled. Food inflation stands at 8.3%. Our ability to spend is not infinite. What Canadians want is for inflation to come down now. While millions visit food banks, the Liberals choose to pour fuel on the inflationary fire. The Prime Minister wants Canadians to believe that they have never had it so good.
However, a new day is dawning. A new Conservative prime minister would turn that hurt into hope by ending inflationary deficits, by scrapping the carbon tax on heat, gas and groceries, by cutting taxes and making paycheques powerful again, and by building homes that workers can afford.
It is the common sense of the common people. For their home, my home, our home, let us bring it home.
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- May/31/23 3:03:03 p.m.
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Mr. Speaker, the Prime Minister left right in the middle of a semester, and I am having trouble remembering why.
However, he certainly was not a math teacher. His own finance minister said that deficits pour fuel on the inflationary fire, right before she introduced $60 billion more in deficit spending measures. How much will that add to the inflation rate Canadians have to pay?
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- May/31/23 3:04:23 p.m.
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Mr. Speaker, it is not just me who acknowledges that deficits pour fuel on the inflationary fire. It is his own finance minister. In fact, she said that two weeks before she introduced her budget. What followed her budget was a spike in the inflation rate the Prime Minister had promised would only ever go down. What do you know? Dumping $60 billion of fuel on the inflationary fire actually makes prices go up.
Did the finance department calculate how much this extra $60 billion of inflationary spending would add to the consumer price index? How much?
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- May/31/23 3:05:44 p.m.
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Mr. Speaker, I have been very clear that I would get rid of the $35-billion incompetent infrastructure bank. I would get rid of the $54-million ArriveCAN app, which did not work and was not necessary. I would not blow billions of dollars buying back hunting rifles from lawful and licensed Canadians instead of going after serious criminals. The list of waste and corruption goes on and on.
My question, though, is this: How much is all of this spending adding to inflation? John Manley, the former Liberal finance minister, said that, just as the current finance minister has said, when we add deficits, we add inflation. The question again is this: How much extra inflation will the $60 billion in budget deficits cause?
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- May/31/23 3:09:44 p.m.
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Mr. Speaker, the Minister of Finance admitted that deficits throw gas on the inflationary fire. Two weeks later, she threw another $60-billion-worth of gas on the same fire.
How much does the Prime Minister think that the $60-billion inflationary deficit she added in a single budget will increase the inflation rate on the backs of Canadians?
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- May/31/23 3:16:49 p.m.
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Mr. Speaker, he delivers only for himself. We are not growing. Under the Prime Minister, we have the slowest per capita GDP growth of any government since the Great Depression. Under eight years of the Prime Minister, housing costs have doubled, 1.5 million people are eating from food banks and one in five is skipping meals because they cannot afford food. Now, interest rates, which his government said would stay low for long, are skyrocketing because of his deficits.
How much have interest rates had to go up to accommodate his $60 billion in new deficits?
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