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Decentralized Democracy

House Hansard - 295

44th Parl. 1st Sess.
April 8, 2024 11:00AM
Context: House Hansard - 295 - Apr/8/24
Mrs. Stephanie Kusie
  • Apr/8/24 1:48:12 p.m.
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Madam Speaker, I want to thank the member for Sarnia—Lambton for her leadership and mentorship to me during the seven years since I was elected. My seven-year anniversary was April 3. I am truly grateful for that. The reality is that the price is incredible. We are at a $1.2-billion deficit in government across Canada at this point. We saw a $40-billion deficit in the most recent update of the government. Frankly, I am terrified of the budget and what this means for Canadians. I have no doubt the Prime Minister and the Deputy Prime Minister and Minister of Finance will be attempting to buy off Canadians once again. We know that it is not going to work. What I do know is that it will take my son and the member for Sarnia—Lambton's children and grandchildren generations to pay this back. I am very sorry for that, but I am grateful for her.
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Context: House Hansard - 295 - Apr/8/24
Mr. Greg McLean (Calgary Centre, CPC)
  • Apr/8/24 2:58:26 p.m.
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Mr. Speaker, Canadians are clear on the two most important economic issues we face, inflation and high interest rates. They understand that government deficits cause inflation. Runaway deficits cause runaway inflation. This year's deficit is expected to be $47 billion, $7 billion higher than forecast. To say this is a runaway is an understatement. The Bank of Canada's governor has been clear that deficits are the main factor keeping interest rates high. Will the Prime Minister cap his runaway spending with a dollar-for-dollar rule to bring down interest rates and inflation?
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Context: House Hansard - 295 - Apr/8/24
Mr. Marty Morantz (Charleswood—St. James—Assiniboia—Headingley, CPC)
  • Apr/8/24 3:01:14 p.m.
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Mr. Speaker, what is keeping interest rates so high is Liberal deficit spending. That is what. Now we can add Scotiabank to the long list of economists saying that after eight years, the NDP-Liberal government is not worth the cost. Record-high deficits are keeping housing, food and fuel at record-high prices. Will the Prime Minister fix the budget and adopt our common-sense Conservative policy by bringing in a dollar-for-dollar rule to bring down inflation and interest rates?
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