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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Ms. Leah Taylor Roy (Aurora—Oak Ridges—Richmond Hill, Lib.)
  • Jun/21/23 9:54:31 p.m.
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Mr. Speaker, through you, I would like to ask the member opposite some questions. First, I thank him for that very fact-filled discourse. He spoke authoritatively on a number of fronts, and I would just like to check some of those facts. He started off by saying that we were running bigger and bigger deficits every year. In 2021, the deficit was $328 billion; in 2022, it was $90 billion; and it is projected to be $40 billion this year. Could he reconcile his statement with these facts? Second, he said that we do not know where this is all going to end, and it is true, we do not; the future is always uncertain. However, the Bank of Canada expects inflation to come down below 3% by the end of the summer and interest rates to follow in decline. Third, he said that printing money was the cause of inflation. I understand that this is one economic theory, and it is the economic theory that the Conservatives follow. However, many economists have said that, in fact, the war in Ukraine and the COVID pandemic have been the causes of inflation worldwide. Could you comment on a few of those apparent contradictions to what you said?
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