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Decentralized Democracy

House Hansard - 297

44th Parl. 1st Sess.
April 10, 2024 02:00PM
  • Apr/10/24 2:12:28 p.m.
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Mr. Speaker, the Prime Minister has added more to the national debt than all previous prime ministers combined. The costly coalition's out-of-control spending has resulted in Canada spending $46 billion just to service its debt. That is more money than the federal government sends to the provinces for health care. The deficits are fuelling inflation and have driven up interest rates. It is not just Conservatives pointing this out. Both the Bank of Canada and former Liberal finance minister John Manley told the Prime Minister that he was pressing on the inflationary gas pedal. Now, a leading economist says interest rate cuts may be delayed because of high government spending. However, Conservatives have a plan to fix the budget. In next week's budget, the Liberals need to cap the spending with a dollar-for-dollar rule to bring down interest rates and inflation. They must find a dollar in savings for every new dollar in spending. It is just common sense. My three-month-old daughter Maeve and her generation should not be shackled to paying the bill for the costly coalition's reckless spending.
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  • Apr/10/24 2:20:21 p.m.
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Mr. Speaker, Canadian families and business owners are paying the price with an NDP-Liberal government that is addicted to debt and deficits. Record-high deficits and carbon taxes driving up inflation are increasing the costs on everything, including the necessities of life. Interest rate increases fuelled by NDP-Liberal spending and increased debt are punishing Canadian families and business owners. We are just now starting to see the full impact that increases on mortgage rates are having on mortgage renewals, and it is a crisis. No prime minister has added more to the national debt than the current Prime Minister. Through it all, he has been aided and abetted by his NDP coalition partners. Anyone who has any sense at all knows that one does not put more fuel on an already out-of-control debt-and-deficit fire. It is time for a return to fiscal common sense in this country that sees a government cap spending to bring down interest rates and inflation with a dollar-for-dollar rule that finds a dollar in savings for every new dollar spent. Common-sense Conservatives will not support the budget unless it axes the tax, builds homes not photo ops, and caps spending.
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  • Apr/10/24 2:25:55 p.m.
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Mr. Speaker, it is possible to be prudent fiscally and have strong social programs as well. That is exactly what the government does with its AAA credit rating, the lowest debt-to-GDP ratio in the G7 and historically low unemployment. At the same time, we have a national school food program on the table of $1 billion and supports for child care and early learning, as well as for renters and homeowners. That is what we do on this side of the House. Every day is a great day to fight for Canadians.
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  • Apr/10/24 2:26:27 p.m.
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Mr. Speaker, every day is not a great day when someone is living in a tent city or has had their mortgage double, or when they are part of a family for whom one in four children cannot get enough food, and the Liberals put forward a food program that does not have any food. Instead, what they have done is doubled the national debt and driven up interest rates. Today we learned that the Bank of Canada is unable to bring rates down because the Prime Minister continues to make massive multi-billion-dollar inflationary spending. Why will the Prime Minister not follow my common-sense plan to bring down the deficit and the rates?
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