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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
Context: House Hansard - 220 - Sep/19/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/19/23 2:19:02 p.m.
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Mr. Speaker, the inflation rate is accelerating again, proving that after eight years in office, this Prime Minister is just not worth the cost. Inflation is higher in Canada than it is in the United States or Japan. The cost of everything is rising, even though the Prime Minister and his ministers announced that inflation was going to fall. The reality is that these rising costs are the result of an inflationary deficit that the government racked up five months ago. That money is now circulating in the economy and inflating prices. We can even hear apocalyptic music in the background. When is he finally going to balance the budget to lower inflation and interest rates?
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Context: House Hansard - 220 - Sep/19/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/19/23 2:20:43 p.m.
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Mr. Speaker, three years ago, I warned this Prime Minister that printing money and doubling the national debt would cause inflation. He refused to admit it. Now it has become a reality. Five months ago, I warned him that an inflationary deficit would cause the problem we are experiencing today. In fact, even the Minister of Finance said that deficits add fuel to the fire of inflation. Then she added $60 billion of fuel to the fire of inflation. When will they balance the budget to reduce inflation?
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Context: House Hansard - 220 - Sep/19/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/19/23 2:22:05 p.m.
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Mr. Speaker, today's accelerating inflation rate proves that after eight years, the Prime Minister is just not worth the cost. After he and his ministers pumped their fists in the air and declared victory over inflation, it has now gone up 43% in two months. Through all categories, it is higher in Canada than it is in the United States and Japan. Worse, it may force the Bank of Canada to raise interest rates again, causing Canadian households, which are the most indebted in the G7, to go bankrupt. Will he balance the budget to bring down inflation and rates before that nightmare unfolds?
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Context: House Hansard - 220 - Sep/19/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/19/23 2:23:30 p.m.
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Mr. Speaker, doubling the debt on Canadians is not fiscal responsibility, and forcing Canadians to live in tents is not compassion. That is the reality. After eight years of the Prime Minister, life is miserable, especially for the poorest among us. His solution is to make everything cost even more. Inflation is now accelerating. He has not brought it down. He stacked 4% inflation on top of the previous 8% inflation, which means Canadians cannot eat, heat or house themselves. Will he reverse his disastrous policies so Canadians can pay their bills?
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Context: House Hansard - 220 - Sep/19/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/19/23 2:24:51 p.m.
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Mr. Speaker, one of the ways that the Prime Minister doubled housing costs was by flooding the economy with $600 billion of newly created cash, which bid up the price of homes and forced Canadians to overpay. Then many bought at rock-bottom low rates because he promised that they would never go up. His inflationary deficits pushed them up, and now one-fifth of all Canadians are actually unable to pay the interest on their mortgages. Their mortgages are growing in size and when they renew, it will be on a bigger principal at a higher rate. How many Canadians will go bankrupt? Will we have a mortgage crisis when that happens, yes or no?
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