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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 2:20:43 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 2:24:51 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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Context: House Hansard - 220 - Sep/19/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • 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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Context: House Hansard - 220 - Sep/19/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Sep/19/23 2:34:28 p.m.
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Mr. Speaker, mortgage costs for Canadians are going up because of the Liberal-NDP government's spending and deficits. Even the current finance minister said that spending and deficits are like pouring fuel on the inflationary fire. John Manley said that it is like pressing on the gas pedal while the Bank of Canada is pressing on the brake with higher interest rates. Canadians are realizing that the current Prime Minister is not worth the cost. When will the government stop its inflationary deficits so that Canadians can keep a roof over their heads?
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Context: House Hansard - 220 - Sep/19/23
Mr. Gérard Deltell (Louis-Saint-Laurent, CPC)
  • Sep/19/23 2:38:11 p.m.
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Mr. Speaker, the Minister of Finance has a short memory, to say the least. She does not remember that, a mere two months ago, she said her plan was working. Today, it is clear that it is not. I happen to have a quick question for her. Does she remember who said that deficits “pour fuel on the fire of inflation”? Does anyone know who said that? It was the Minister of Finance and Deputy Prime Minister of Canada. She is the one who said that. My question is for the Minister of Industry. Does he agree with his colleague that, if the government does not control spending, it is pouring fuel on the fire of inflation? Does he agree with his colleague?
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