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Decentralized Democracy

House Hansard - 211

44th Parl. 1st Sess.
June 12, 2023 11:00AM
Context: House Hansard - 211 - Jun/12/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Jun/12/23 2:49:59 p.m.
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Mr. Speaker, the finance minister said that she would end her inflationary deficits and balance the budget by 2027. Just months after that, she admitted that she will run deficits forever and balance the budget in the year never. Eight years of massive Liberal deficits have given Canadians the highest bank interest rate hikes seen in the last 20 years. Now, the International Monetary Fund is reporting that Canada is at the highest risk of a mortgage default crisis. When will the finance minister end her inflationary spending and give us a date for when she will balance the budget so that Canadians will not lose their homes?
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Context: House Hansard - 211 - Jun/12/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Jun/12/23 2:51:14 p.m.
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Mr. Speaker, what is embarrassing is that, while Canadians are suffering, the finance minister dumped a $60-billion jerry can of fuel on the inflationary fire she started. Liberals do not understand that reducing the deficits would reduce inflation, bank interest rates and the risk of a mortgage default crisis. The interest rate hikes will cost an extra $1,300 a month for Canadians, who are already struggling to pay mortgages that cost $3,000 on average. If the Liberals do not have any plans to reduce this deficit, will they at least get out of the way, so Conservatives can save Canadians' homes?
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