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Decentralized Democracy

House Hansard - 297

44th Parl. 1st Sess.
April 10, 2024 02:00PM
  • 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 2:27:50 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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