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Decentralized Democracy

House Hansard - 303

44th Parl. 1st Sess.
April 19, 2024 10:00AM
Context: House Hansard - 303 - Apr/19/24
Mr. Greg McLean (Calgary Centre, CPC)
  • Apr/19/24 11:34:45 a.m.
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Madam Speaker, the finance minister used a metric of 40% debt to GDP just last year as an anchor, which she has now cut loose. With $40 billion more debt last year, $40 billion more debt projected for this fiscal year and a $40-billion debt projected for the following fiscal year. I sense a pattern. After nine years of the Liberal-NDP government, Canadians are being asked to hold the line at 40-something, but there is no real plan for that. Will the Prime Minister tell Canadians under 40 how much of their future he has blown?
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Context: House Hansard - 303 - Apr/19/24
Mr. Greg McLean (Calgary Centre, CPC)
  • Apr/19/24 11:36:02 a.m.
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Madam Speaker, it appears that member did not get the memo about what is causing inflation in Canada. It is actually deficits. The Bank of Canada governor said so. The interest cost to service Canada's growing debt has risen to over $54 billion, doubling in the last few years. It is now more than what we spend on health care. This is a cascade of debt obligations and there is no plan to reverse it. The NDP-Liberal government is not worth the cost. Will the Prime Minister advise why he is continuing on a fiscal course that will saddle young Canadians with sky-high debt for years?
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