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Decentralized Democracy

House Hansard - 237

44th Parl. 1st Sess.
October 23, 2023 11:00AM
Context: House Hansard - 237 - Oct/23/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Oct/23/23 2:34:44 p.m.
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Mr. Speaker, after eight years of the Liberal-NDP government, spending is out of control and inflationary deficits are pushing up mortgage costs. The Parliamentary Budget Officer says that the deficit this year will increase to over $46 billion. Everyone now agrees that spending is driving interest rates. Every month, 70,000 households are renewing their mortgage and they are realizing that the Prime Minister is not worth the cost. Will the government rein in inflationary deficits and put forth a plan to balance the budget so Canadians can keep their homes?
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Context: House Hansard - 237 - Oct/23/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Oct/23/23 2:36:02 p.m.
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Mr. Speaker, maybe the government has not received the memo. Nobody cares about meaningless G7 comparative statistics. After eight years of prolific spending, the bills are finally coming due. The government borrowing is driving interest rates. This year, the government has to borrow $421 billion. Next year, the government has to borrow over $350 billion. That pushes up mortgage costs for everybody. Once again, will Liberals acknowledge that they need to rein in their spending and produce a plan to balance the budget so Canadians can keep their homes?
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