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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
  • 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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  • 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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  • Sep/19/23 2:33:13 p.m.
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Mr. Speaker, this is coming from the minister who, three years ago, said that interest rates would stay super low. Then the government piled up so much debt that the interest rates went up. Now Canada is the most at risk in the G7 for a mortgage default crisis. Maybe the minister should take advice from former Liberal finance minister John Manley who said that their deficits are like pressing the gas while the Bank of Canada is slamming on the brakes with their interest rate hikes. These interest rate hikes have not been seen in the last three decades. When will the Liberals stop the inflationary spending and balance the budget so interest rates could come down and Canadians would not lose their homes?
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  • Sep/19/23 2:44:36 p.m.
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Mr. Speaker, we have heard repeatedly from the Prime Minister that the cost of living is not a priority, and Canadians are feeling the consequences. Here are a few quotes from the Prime Minister. “You'll forgive me if I don't think about monetary policy.” Or how about this: “We took on debt so Canadians wouldn't have to.” When will the Prime Minister admit that it is not his debt; it is taxpayers' money? More importantly, when will he start caring about monetary policy so Canadians can afford to live?
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  • Sep/19/23 3:04:52 p.m.
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Mr. Speaker, after eight years of the Liberal-NDP government, Canadians simply cannot afford the Prime Minister, as 20% of Canadian families are skipping meals, half of Canadians are living paycheque to paycheque and credit debt is at an all-time high, with the average non-mortgage debt being $21,000 per consumer. Will the Prime Minister not show some compassion for Canadian families and cancel the costly carbon tax?
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