44th Parl. 1st Sess.
November 23, 2023 10:00AM
- Nov/23/23 10:48:58 a.m.
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Mr. Speaker, lately the government likes to claim it has had a conversion to being concerned about affordability. Meanwhile, for years it has been running a horrifying economic experiment. It has massively increased spending and more than doubled our national debt. We know now that it is spending more on debt servicing than it is sending to the provinces for health care.
Outrageous amounts of money in debt servicing costs are making life less affordable for Canadians. Fundamentally, since the Liberals claim to have had this conversion to being concerned about affordability, will they tell the House when the budget will be balanced?
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- Nov/23/23 2:20:54 p.m.
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Mr. Speaker, earlier this week, the NDP-Liberal government tabled a fall economic statement with $46.5 billion of interest on the public debt this year and $52.4 billion next year. That is more than the entire Canada health transfer. That is double the budget for national defence.
The Prime Minister has run up more debt than all previous prime ministers combined, and this week, he piled on another $20 billion in inflationary spending. There is no end in sight, and no plan to balance the budget and tackle inflation.
Prices are up. Rent is up. Interest rates are up. Debts are up. Taxes are up, and time is up. After eight years of the Prime Minister, he is not worth the cost. Rents have doubled. Mortgage payments are up 150%, and minimum down payments have doubled. Two million Canadians a month are at food banks, and people with good jobs are homeless.
It is time for a common-sense Conservative government to clean up the Prime Minister's mess, just like Conservatives have had to do after every Liberal government before this one.
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- Nov/23/23 2:24:40 p.m.
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Mr. Speaker, what is disgraceful and cruel is using Ukraine's vulnerability, while Russian tanks are on its soil, to shove a carbon tax permanently down our throats.
Canadians should not be fooled by the Liberals' phony outrage. They are desperate to talk about anything except for their terrible budget. That is because not only are workers' paycheques going to pay for higher prices and interest rates, but now their tax dollars are going to pay for higher interest payments on the national debt. In fact, next year the government will spend more on the national debt than on health care and the armed forces.
When will the government stop its deficits so we can pay doctors, nurses and soldiers instead of bankers and bondholders?
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- Nov/23/23 2:27:40 p.m.
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Mr. Speaker, one thing is certain. After eight years in power, this Liberal government is not doing right by Canadian families. It is not worth the cost. The economic update very clearly shows this government's pathetic administration.
I heard what the Minister of National Defence just said. Is he aware that this government is set to spend twice as much on the debt than on the army? It is going to spend more on servicing the debt than it is going to invest in health. That is completely unacceptable for a G7 country.
When will this government realize that it has been mismanaging everything for eight years?
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- Nov/23/23 2:35:37 p.m.
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Mr. Speaker, this week's Liberal-NDP inflation-fuelling false hopes update is not worth the cost. Prices are up, rents are up, debt is up and taxes are up, and after eight years, time is up for the Prime Minister. The $20 billion of new inflationary spending is ballooning the debt. Next year, the Prime Minister will spend more tax dollars on the interest to his debt than on health transfers.
Why is the Prime Minister giving more money to bankers and bondholders while Canadians go broke and hungry?
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- Nov/23/23 2:40:13 p.m.
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Mr. Speaker, after eight years of the Liberal government, we know that prices are up, rent is up, mortgage rates, taxes are up, and we know Canadians are fed up with the current government.
Just this week, the government chose to spend an additional $20 billion, which go toward our overall national debt load. This means that now just the interest will cost Canadians $51 billion per year. That is enough to build 25 new hospitals and hire a whole host of new doctors. Imagine the difference that would make for Canadians.
Why is the Prime Minister choosing to support wealthy bankers instead of the health care needs of Canadians?
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- Nov/23/23 2:41:33 p.m.
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Mr. Speaker, the member did not respond to my question, so perhaps she did not understand it. I will ask it again.
There are $51 billion spent every single year just on interest toward our national debt. That is enough to build more than 25 brand new hospitals and hire a whole host of new doctors. It is twice as much as what the government is willing to spend on our national defence.
Are the men and women who wear a uniform and protect our front line not worth more than the out-of-control spending spree that the government selfishly takes upon itself?
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