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Decentralized Democracy

House Hansard - 209

44th Parl. 1st Sess.
June 8, 2023 10:00AM
  • Jun/8/23 2:32:11 p.m.
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Mr. Speaker, the IMF reports Canadians have the most indebted households in the G7, with a mortgage default crisis looming. Out-of-control Liberal spending gave Canadians nine bank interest rate hikes in a year. Former Liberal finance minister John Manley said that the out-of-control spending by the Liberals is like pressing the gas while the Bank of Canada is trying to slam on the brakes with its interest rate hikes. Adding another $60 billion of fuel on that inflationary fire is not going to help anybody. Will the Prime Minister cancel his tanning plans this summer, get to work in this House and rewrite his budget, so Canadians do not lose their houses?
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  • Jun/8/23 2:33:19 p.m.
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Mr. Speaker, Conservatives will continue to fight to stop this Liberal-NDP government from putting another $4,200 of debt on the backs of struggling Canadians. Liberals' out-of-control spending gave Canadians the highest inflation seen in 40 years, and that made interest rates go up. The majority of Canadians are only $200 away from insolvency. Any more rate hikes are going to be crippling. This budget would turn Canada into a nation of inflation and higher debt. Will the Prime Minister end his surf trips, end the phony celebrity tours and rewrite this failed budget, so Canadians can keep their homes this summer?
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