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Decentralized Democracy

House Hansard - 210

44th Parl. 1st Sess.
June 9, 2023 10:00AM
Context: House Hansard - 210 - Jun/9/23
Mr. Gérard Deltell (Louis-Saint-Laurent, CPC)
  • Jun/9/23 11:23:48 a.m.
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Mr. Speaker, let us talk about the reality currently facing all Canadians. After eight years of Liberal governance, with chronic deficits and out-of-control spending, this is the reality. Uncontrolled deficits lead to higher inflation. Higher inflation leads to higher interest rates. What happens when interest rates go up? People run the risk of losing their homes. This is the reality facing Canadians every day, and will be for the months and years to come. Why does the government not do what it did last November, that is, come up with a plan to balance the budget?
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Context: House Hansard - 210 - Jun/9/23
Mr. Gérard Deltell (Louis-Saint-Laurent, CPC)
  • Jun/9/23 11:25:04 a.m.
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Mr. Speaker, with all due respect for my colleague, the reality is that if he says that to people who are on the verge of losing their homes, they will laugh in his face or ask him whether he is prepared to take their keys because they can no longer pay for their home. That is the reality facing Canadian families. If the member wants to quote studies, I could point out that the International Monetary Fund says that Canada is the country at the highest risk of mortgage defaults. This week, the Governor of the Bank of Canada said that mortgage payments could rise by 40%. This is the daily reality for Canadian families. Why does the government refuse to come up with a plan to balance the budget?
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