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Decentralized Democracy

House Hansard - 297

44th Parl. 1st Sess.
April 10, 2024 02:00PM
Context: House Hansard - 297 - Apr/10/24
Mr. Branden Leslie (Portage—Lisgar, CPC)
  • 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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Context: House Hansard - 297 - Apr/10/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Apr/10/24 2:25:09 p.m.
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Mr. Speaker, I will never apologize for keeping housing costs low when I was the minister of housing, but if someone was hoping for some interest rate relief today, as a mortgage holder or as someone with a small business loan or a line of credit, they got some bad news: The Prime Minister is not worth the cost. Rates are staying high long because, as the Governor of the Bank of Canada said, if government spending grows, then interest rates will have to stay high to combat the resulting inflation. Why will the Prime Minister not accept my common-sense plan to fix the budget with a dollar-for-dollar law to bring down rates?
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Context: House Hansard - 297 - Apr/10/24
Hon. Anita Anand (President of the Treasury Board, Lib.)
  • Apr/10/24 2:27:10 p.m.
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Mr. Speaker, wages are growing faster than inflation. Under the Conservatives, poverty was at 14.5%. When we replaced the Conservatives, we brought it down to 7.4%. We will continue to invest in Canadians with the supports for affordable housing, for renters and for early learning and child care, and because of our work, we will make life fairer for Canadians, unlike the Conservative leader, who is here for himself.
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