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Decentralized Democracy

House Hansard - 206

44th Parl. 1st Sess.
June 5, 2023 11:00AM
Context: House Hansard - 206 - Jun/5/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/5/23 2:18:52 p.m.
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Mr. Speaker, six months ago, the Minister of Finance promised a balanced budget by the year 2027. She said that deficits fuel inflation by throwing fuel on the inflationary fire. She was right. Her budget has added $60 billion of inflationary fuel. That amounts to $4,200 per family. Will the Minister of Finance finally recognize that Canadians can pay no more and put before the House a plan to balance the budget in order to bring down inflation and interest rates?
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Context: House Hansard - 206 - Jun/5/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/5/23 2:20:15 p.m.
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Mr. Speaker, what is irresponsible are policies that drive up inflation and interest rates at a time when Canadian consumers are carrying the highest debt load in the G7. The fact is, consumers have the highest levels of debt. The total debt of all consumers in Canada is greater than the Canadian economy. The inflation the minister is causing and admits to causing with her inflationary spending will drive up interest rates on the backs of these same indebted consumers, potentially leading to a crisis. Will the Minister of Finance balance the budget in order to reduce inflation and interest rates before there is a crisis?
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Context: House Hansard - 206 - Jun/5/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/5/23 2:21:38 p.m.
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Mr. Speaker, it was just six months ago that the minister promised a balanced budget by the year 2027. She said that deficits fuel inflation. The former finance minister John Manley, a Liberal, said that while the Bank of Canada was slamming on the brakes of inflation with higher rates, the government was slamming the gas with higher spending. This could cause the whole engine to blow when all that mortgage debt Canadians hold comes up for renewal unless the rates come down. Therefore, will she act now to put in place a plan to balance the budget to bring down inflation and interest rates?
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Context: House Hansard - 206 - Jun/5/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/5/23 2:23:03 p.m.
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Mr. Speaker, what is truly reckless is driving up inflation and interest rates on Canadian consumers who are the most indebted in the entire G7. In fact, the combined consumer debt is almost bigger than the entire Canadian economy. When the monster mortgages that Canadians took out, with the advice of the government back in 2021-22, come into higher rates for renewal there could be a massive mortgage meltdown. Therefore, will the finance minister do what she promised only six months, and that is to stop putting fuel on the inflationary fire, balance the budget to bring down inflation and interest rates, yes or no?
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Context: House Hansard - 206 - Jun/5/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/5/23 2:24:26 p.m.
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Mr. Speaker, Quebec families and communities are being hit hard by major forest fires. That includes fires in other places too. The Conservatives are here to support any government action necessary to protect Canadians and control the forest fires. I thank the minister for the briefing he gave me and I would like to give him the opportunity to update the House and all Canadians on the forest fire situation and on what the government is doing in response to it.
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