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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
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • Sep/19/23 2:21:26 p.m.
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Mr. Speaker, what the opposition leader is saying is that he would not have sent the grocery rebate to 11 million Canadians. He would not have invested in dental care for low- and modest-income Canadians who do not have access to dental care for their children. He certainly would not have cut child care fees in half. He would not have been there for Canadians in these tough times. We did that by carefully managing the deficit and our public finances in order to lower inflation, but also—
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Context: House Hansard - 220 - Sep/19/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/19/23 2:38:51 p.m.
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Mr. Speaker, if my colleague opposite wants to lecture anyone about economics, he should start with his colleagues, who do not understand the difference between the key rate and inflation. We fully understand the importance of fiscal responsibility. That is why Canada has the lowest deficit in the G7. That is why our AAA credit rating was confirmed just last week. Those are the facts.
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