44th Parl. 1st Sess.
October 18, 2023 02:00PM
- Oct/18/23 2:03:27 p.m.
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Mr. Speaker, the Prime Minister is running our country like he is the captain of the Titanic. He justified his record-high spending because interest rates were at historic lows. He encouraged Canadians to keep borrowing because those rates would stay low. He may as well have said that our country's finances were unsinkable.
The captain of the crew of this ship ignored all the warnings about icebergs and look where we are today. Inflation and interest rates are hitting record highs. Canadians are now running to the lifeboats as the cost of food, fuel and home heating continues to climb. Too many people are losing their jobs, their homes, their savings and any hope they had for the future. It was hubris that sunk the Titanic, but it is the arrogance and entitlement of the Prime Minister that is sinking Canadians now.
Conservatives will right the ship by axing the tax on gas and groceries. We will end inflationary deficits. Let us give Canadians a lifeline and bring it home.
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- Oct/18/23 2:11:04 p.m.
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Mr. Speaker, after eight years, the Prime Minister has added more to Canada's national debt than all other previous prime ministers combined. The Prime Minister told Canadians that his government would take on debt so Canadians would not have to, but now Canadians are paying the price for the Prime Minister's massive deficits and inflationary spending.
After half a trillion dollars of inflationary deficits, the Bank of Canada was forced to hike interest rates 10 times in just 19 months, and now monthly mortgage payments have increased by 150% since the Prime Minister took office. To keep up with the Prime Minister's inflationary spending, Canada will spend $240 billion over the next five years to service our debt.
The Prime Minister is wrong. It is not the government that is taking on debt; it is Canadians. Canadians will not be fooled. They know that the Prime Minister is not worth the cost.
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- Oct/18/23 2:44:50 p.m.
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Mr. Speaker, after eight long years in power, this Prime Minister is not worth the cost, especially not in Quebec, where the inflation rate is at 4.8%. That is a lot higher than elsewhere in Canada.
After eight years of inflationary deficits, the solution that the Bloc Québécois and the Liberals are now proposing is to drastically increase costs with a tax on gas and diesel, which drives up the cost of all products that are transported.
Will the government finally reverse its inflationary policies so that Quebeckers can buy gas and groceries and put a roof over their heads?
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- Oct/18/23 2:46:32 p.m.
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Mr. Speaker, I will ignore the member's lack of decorum and his emotionally charged approach to focus on Canadians, because I can actually take it. I can take the debate and have it out in the open.
He talks about cuts. Canadians are making cuts in their own lives. We now have a new phenomenon in Canada, which is the middle-class homeless. We used to just have young people living in their parents' basements; now we have parents moving into their children's basements.
Will the Prime Minister reverse the inflationary policies that doubled housing costs and are forcing seniors to move into their kids' basements just to avoid going homeless?
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- Oct/18/23 3:00:41 p.m.
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Mr. Speaker, the Prime Minister promised that interest rates were going to remain low and Canadians believed him, so they went out, bought homes and took out mortgages, but after eight years of Liberal inflationary deficits, interest rates are at a 30-year high, and many Canadian families are now finding that they cannot pay their mortgage.
In fact, the Business Council of Canada just said that governments cannot permanently run deficits without fear. Will the finance minister stop running her inflationary deficits so that interest rates will come down and Canadian families will not lose their homes?
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- Oct/18/23 3:08:51 p.m.
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Mr. Speaker, over and over, the Liberal-NDP government promised interest rates would not go up, but after eight miserable years of the Prime Minister, Canadians know that is not true. Mortgage defaults and forced home sales are on the rise.
Lindsay is one of hundreds who wrote to me to tell me about her skyrocketing mortgage rate. She is paying an extra $1,250 a month. She does not have an extra $1,250 a month.
The Prime Minister is just not worth the cost, so when will he stop his inflationary spending so Canadians like Lindsay can keep their home?
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- Oct/18/23 3:11:48 p.m.
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Mr. Speaker, after eight years of inflationary spending, the Prime Minister has literally killed young Quebeckers' dreams of becoming homeowners.
Imagine. A young person in Montreal has to earn $116,000 a year if they want to buy a house, and that is not counting the down payment of 20%. How many years will it take a young person to earn that kind of salary and save enough money?
After eight years, do the Liberals realize that the Prime Minister is not worth the cost and that middle-class young people can no longer afford a Prime Minister who is mortgaging their future?
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- Oct/18/23 3:22:14 p.m.
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Mr. Speaker, eight years of Liberal inflationary policies have driven Quebeckers further into debt. Young people fear they will never be able to buy a house. Some are even experiencing financial anxiety. Despite that, the Liberals and the Bloc Québécois are adding a second carbon tax. We can never say it enough: It is costly to vote for the Bloc Québécois. My question is simple. Will the Prime Minister scrap his inflationary carbon tax?
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