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Decentralized Democracy

House Hansard - 300

44th Parl. 1st Sess.
April 16, 2024 10:00AM
  • Apr/16/24 12:19:25 p.m.
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Madam Speaker, with respect to our monetary policy and how it relates to health care policy, I did some quick math: $1.2 trillion of national debt at a 4% interest rate would be $48 billion for annual servicing costs. What does the member for Montcalm think the likelihood is that the Liberal promises about health care, dental care and now pharmacare would actually be successful in this environment of high debt servicing costs?
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  • Apr/16/24 2:23:04 p.m.
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Mr. Speaker, they have definitely proven that. Their slogan for the last eight years is that they can double the debt and someone else will just pay the bill, but we know who pays. Every single time, it is welders, waitresses, seniors, small businesses and single mothers who have faced doubling housing costs and unaffordable food. Now, the Liberals' solution is to do more of the same and pour on billions of dollars more of inflationary spending that will drive up interest rates, inflation and taxes. Why would we expect it to be any different this time?
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  • Apr/16/24 2:24:15 p.m.
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Mr. Speaker, everything she just listed are slogans on which the Liberals have not delivered. What they have delivered is that they have doubled the debt, which has caused the worst inflation in 40 years, interest rates rising faster than at any time in history, the doubling of housing costs, the worst growth in the G7 and the worst housing price inflation in that same group of nations. Today, after all of these devastatingly costly results, what do they do? The same thing that got us into this problem in the first place. Why will they not realize they are the problem and not the solution?
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  • Apr/16/24 2:31:58 p.m.
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Mr. Speaker, I am not sure if the hon. member is aware of this, but our fiscal markers are very strong. That is a AAA credit rating by an independent, objective observer. That is the lowest debt-to-GDP ratio in the G7. All the while, we will continue to support vulnerable Canadians, something they refuse to do on the other side of the House. They vote against $10-a-day child care, families and seniors every single time. The hypocrisy is palpable.
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  • Apr/16/24 2:33:59 p.m.
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Mr. Speaker, after eight years, we know that the Prime Minister and his NDP-Liberal government are not worth the cost. His recent spending spree is inflationary and makes everything worse, adding billions to the debt. This year alone, the Liberals will throw $52 billion towards debt servicing. That is more than is allocated to the provinces for health care. Does the Prime Minister not see that his reckless spending is increasing inflation and debt, burdening all generations of already struggling Canadians, or is he too busy cutting cheques to care?
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  • Apr/16/24 2:55:46 p.m.
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Mr. Speaker, after eight years, this Liberal government is not worth the cost. After eight years of astronomical deficits and spiralling debt, this government has never managed to control spending. This is a perfect recipe for inflation. Canadians know what inflation is. Rents have doubled. Mortgages have doubled. Things have reached a point where it is cheaper to stay in a motel than have an apartment. At the very least, will there be a plan, if only to control spending, later on when the budget is tabled?
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  • Apr/16/24 4:49:28 p.m.
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Mr. Speaker, common-sense Conservatives told the Liberal-NDP Prime Minister to stop his spending, his deficits, inflation and his tax hikes, but the Prime Minister blew right through that stop sign, dumping $40 billion of fuel on the inflationary fire, which he started. This photo op budget would do nothing for average Canadians, who cannot afford a home and groceries today. Will the finance minister tell us how much each Canadian household is on the hook for, for the $54 billion just in interest charges on the Prime Minister's debt?
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