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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
  • Oct/26/23 2:32:50 p.m.
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Mr. Speaker, the Governor of the Bank of Canada just slammed the incompetent Liberal-NDP government for failed economic policies. After eight years, even he knows the Prime Minister is not worth the cost. He said the government's deficits fuelled inflation. This caused 10 interest rate hikes in 19 months, the most rapid hikes in Canadian history. Mortgage costs have already doubled, and anyone renewing their mortgage now will see a minimum of double the interest rate. That is failure. Will the Prime Minister rein in his spending and balance the budget so interest rates and inflation can come down and Canadians do not lose their homes?
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  • Oct/26/23 2:34:15 p.m.
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Mr. Speaker, if being responsible is adding more debt than every government before it combined, I would hate to see what the Prime Minister on a bender looks like. Robert Asselin, former Liberal adviser to the Prime Minister, admitted today at the finance committee that the Liberal-NDP spending is working against the Bank of Canada. Even the Governor of the Bank of Canada said government spending is making his job harder and is not helpful. While the Prime Minister has a tiff with the bank governor, Canadians and their homes are caught in the crossfire. After eight years, he is not worth the cost. Will the Prime Minister finally rein in the spending so interest rates and inflation can come down and Canadians do not have to lose their homes?
131 words
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