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 2:26:27 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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- Apr/10/24 2:27:50 p.m.
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Mr. Speaker, we are finding out today from the Bank of Canada that the Prime Minister is not worth the cost.
In September, the bank governor said that if government spending were to grow, then interest rates would have to stay high. That was echoed by the former bank governor and incoming Liberal leader, Mark Carney, who indicated that he does not expect rates to fall quickly, and that it is partly because of a lack of fiscal discipline.
If the Prime Minister will not listen to me, why will he not listen to his successor and understand that he is not worth the cost of high interest rates?
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- Apr/10/24 2:44:44 p.m.
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Mr. Speaker, the money Ottawa is spending on dental care could be used to improve Quebec's health insurance plan, or RAMQ. Quebec even said that that is what it wants to do. Instead, Ottawa is creating a bureaucratic duplication that is infuriating everyone before the program even gets off the ground.
As for housing, Ottawa could pay out the money now, but instead it is picking a constitutional fight until 2025. It has to be said, the federal government does not exactly have the Midas touch. Everything it touches turns into mud instead of gold. Why would we allow this government to interfere in our jurisdictions if every single time things take longer, are poorly done, cost more and are all wrong?
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- Apr/10/24 2:49:20 p.m.
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Mr. Speaker, the Prime Minister has a superpower: the ability to spend other people's money. However, I would like to remind him that it is not his money he is spending. It is the hard-earned dollars of Canadians. It is clear he has no respect for Canadians or their hard-earned dollars. He is just not worth the cost.
Will his government commit to a pay-as-you-go rule in the upcoming budget to help fix the financial disaster it has caused?
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- Apr/10/24 5:46:23 p.m.
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Mr. Speaker, all I would ask the member is this: Is it true that in the budget, there will be $2.7 billion less spending on defence over the next three years, yes or no?
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- Apr/10/24 6:31:33 p.m.
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Mr. Speaker, I do not blame the parliamentary secretary for struggling to find a coherent theme. There is such a litany of failures. Where does one even begin? The $10-a-day child care sounds great, but there are 100,000 fewer spaces. What use is affordable child care if there are no spaces to access?
On the carbon tax, let us put aside the fact that the independent and non-partisan Parliamentary Budget Officer says more Canadians are hurt than helped and just focus on the fact that the government had promised small businesses $2.5 billion in rebates, yet has conveniently forgotten this. That $2.5 billion is owed to small businesses, which are the lifeblood and engine of our economy. It is not a personal slush fund for the government to try to buy votes or cover up for the fact that its spending has been out of control. It is not the government's money but Canadians' hard-earned taxpayer dollars.
I hope the government will reflect on its actions to date and ensure that it guards, safeguards, protects and invests taxpayer dollars responsibly.
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