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House Hansard - 213

44th Parl. 1st Sess.
June 14, 2023 02:00PM
Context: House Hansard - 213 - Jun/14/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Jun/14/23 2:15:07 p.m.
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Mr. Speaker, the finance minister said she did not want to pour fuel on the fire of inflation and that she would balance the budget by 2027, but as with all NDP-Liberal promises, the government did a massive flip-flop with its failed budget, admitting deficits are here to stay as it adds to the debt and fuels further inflation. Random Liberals like Mark Carney say inflation is a domestic issue, and former Liberal finance minister John Manley said government spending fuels inflation. The debt-fuelled inflation made interest rates rise, and now homeowners are at risk of defaulting on their mortgages. Canadians have as much debt as the entire GDP, and the IMF warns that Canada is the most at risk of a mortgage default crisis in the G7. The NDP continues to prop up and support the Liberals, indebting struggling Canadians further. Maybe instead of going woke and virtue signalling, the NDP-Liberals should rein in government spending and rewrite this failed budget so Canadians do not go broke and start losing their homes this summer.
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