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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. Dane Lloyd (Sturgeon River—Parkland, CPC)
  • Jun/9/23 11:13:51 a.m.
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Mr. Speaker, the Liberal government has added more to our national debt than all previous governments combined. The only thing worse than a tax-and-spend Liberal is a borrow-and-spend Liberal. Liberal deficit borrowing is driving up interest rates, making Canadians' loans and mortgages more expensive. Liberal overspending is driving up the cost of goods and services, making everything, including our homes and our food, more expensive. Albert Einstein once said that compound interest is the eighth wonder of the world, and that those who do not understand it will face the consequences. As interest rates rise, Canadian homeowners are facing the consequences, and Canadian taxpayers are facing the consequences of an exponential increase in government interest debt. Eventually this debt needs to be repaid. We cannot burden future generations with this overwhelming responsibility. It is time to save Canadians' finances by ending the Liberal deficits and balancing the budget.
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