44th Parl. 1st Sess.
April 29, 2024 11:00AM
- Apr/29/24 12:23:12 p.m.
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Mr. Speaker, it is always a pleasure to rise to speak to the budgetary measures of the government. It is one of the ways the government can clearly demonstrate the types of things that we are doing, taking into consideration legislation and budget measures.
Maybe one of the best ways to start off would be by acknowledging that, at the end of the day, to be there in a real and tangible way to support Canada's middle class, and those aspiring to be a part of it, we need to think about how government can ensure that there is a higher sense of fairness, whether that is through taxation or through providing for future generations. There needs to be opportunities to succeed. This is something that the government has taken very seriously, virtually from day one.
I have made reference previously to the types of actions we have taken, such as a reduction of middle-class taxes, an increase for the wealthiest one per cent to make a larger contribution towards taxes, an enhancement of programs for seniors through the guaranteed income supplement and an enhancement of the Canada child benefit program. This has been all the way through, and going into the pandemic, we were there to support our seniors, people with disabilities, employers and small businesses, as well as individual Canadians, through programs such as CERB.
Continuing to fast-forward, we can see very clearly in the initiatives we have taken over the years as a government, and would continue to take through the budget, that we have a government that is very much progressive, caring and fair while dealing with the economy. We realize that a healthy middle class and a healthy economy is good for all. We recognize that there are serious issues that Canadians are facing, such as affordability and housing in many different communities. These are issues that we continue to work on, and this budget amplifies that work. People who are following the budget debate know that the government is very aware of those issues, as Liberal members of Parliament from all regions of the country have expressed their thoughts.
This budget is really and truly a reflection of what Canadians have been telling us as a government and as individual parliamentarians. It is, for all intents and purposes, a budget for Canadians. I think of the types of things that one sees in the budget. On the progressive side, one can talk about one of my personal favourites, which is pharmacare, and its significant step forward on pharmacare. It is a continuation of what I believe Canadians are so passionate about, our health care, the Canada Health Act, and the way in which we, as a government in the previous budget, brought forward close to $200 billion over a 10-year period to ensure that future generations of Canadians will have health care that is accessible, and that has the health care workers necessary. For me, that is a very important issue because it is an important issue for my constituents.
I could talk about other issues being addressed by this particular budget, such as the $10-a-day child care or the disability benefit. There are many different aspects, but I want to highlight one of the things that I think is really important. That is the issue of the economy itself and how the rest of the world looks at Canada. In the first three quarters, on a per-capita basis in foreign direct investment, Canada was number one out of the G7. Throughout the world, on a per-capita basis, we were number three. People and businesses around the world are looking at Canada. That is no surprise because no government in our history has signed off on more trade agreements than this government has.
We are starting to see the results in many different ways. By supporting industry, industries that were virtually non-existent before have come to life. There was the recent announcement, for example, of Honda, which is piggybacking off of Volkswagen. In terms of future green jobs, the government is very proactive at building a healthy economy. We see that in the generation of over two million jobs over the last number of years through the actions of the government, working with Canadians.
I connect our record of being there to having a healthier economy and building a stronger economy for Canada's middle class and those aspiring to be a part of it, for future generations. That is something we, as a government, take very seriously, as we continue to take the measures necessary to support Canadians in addressing the issues we know they are concerned about.
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- Apr/29/24 5:49:36 p.m.
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Madam Speaker, it is another year and another broken 2015 election promise. Let no Canadian or anyone on those benches who ran in 2015 forget what the current government promised. In 2015, the Liberals promised that more spending, more taxes, more deficits and more borrowing would lead to a magical utopia where budgets would balance themselves. They promised they would take a balanced budget that they inherited from the Conservative government and turn it into a deficit, but Canadians were not to worry: It would be a small, short-term deficit.
The Liberals ran on a commitment in 2015 that they took door to door to Canadians, telling them they would run deficits to fund unprecedented national infrastructure spending. Within three years the budget would balance itself. Here we are nine years later, and everything in that promise they made and were elected on turned out to be false. They broke that promise in the very first budget they tabled. For nine fiscal years in a row, the government has promised more spending, more borrowing, more taxes, more deficits, more interest payments, more inflation and more debts amid a further deterioration of the national balance sheet and declining living standards that are hollowing out the middle class. The government has broken the main election promise it made to Canadians in 2015. It promised it would not do that. It promised that a limited deficit would be it and that the budget would then balance itself.
However, budget 2016 was almost Orwellian in the way it pretended that the promises the Liberals made in the previous year had never happened. In 2017, they brought in what some called the “Seinfeld” budget, a budget about nothing, just more of the same. In 2018, I called it the “Britney Spears” budget: oops!... I did it again. In 2019, they promised the debt-to-GDP ratio would shrink forever.
In early 2020, the country was on the brink of a recession, the credit rating had been downgraded by Fitch and the debt-to-GDP ratio was rising. This was all before the pandemic. The government had already squandered its fiscal inheritance and abandoned its promises and so-called fiscal anchors and guardrails.
After the pandemic, the Liberals tabled the “pants on fire” budget, which continued to ignore every fiscal promise and projection they have made in successive election campaigns, previous budgets and fall economic statements.
Budget 2024 says, “we can make sure that Canadians at every age can find an affordable home.” However, the 2015 Liberal platform said the same thing: “We will make it easier for Canadians to find an affordable place to call home.”
The government is repeating old, broken promises verbatim, never mind that housing prices have doubled in that time and rents in some cities have nearly tripled in the nine years since it made those identical promises. Just how much credibility does it think it deserves for anything that it claims in its various announcements?
After nine years, we have unaffordable rents, home ownership no longer an attainable middle-class ambition, record food bank use and another budget that promises more of the same pattern of out-of-control spending and new tax increases. Let us call this one the “Hall and Oates” budget, because it is obvious to Canadians that the government is out of touch and Canadians are out of time.
It is not just with respect to fiscal mismanagement; the government has lost control of the institutional machinery of government. It is a government that has presided over a record expansion of the bureaucracy and an exponential expansion of the use of private consultants. Despite this record bloat, access to government services has never been worse.
The immigration decision queue is 2.5 million people long. The CRA call centres continue to give false information to Canadians or are unavailable when they need them. Most distressingly, the Canadian Armed Forces are in a “death spiral” crisis of retention and recruitment. Those are not my words, but the words of the minister himself.
For nine years, the government has pursued an anti-energy, anti-industry, anti-jobs policy that has resulted in Canadians dropping to near the bottom of peer countries in productivity. This is driving down the standard of living for Canadians at a time when they desperately need economic leadership in order to sustain program expenditures and our national security and public safety.
Conservatives do not want to fix the budget simply because we like the look of a nice tidy financial statement. The budgetary madness of the NDP-Liberal government threatens the prosperity of ordinary Canadians, the sustainability of programs that vulnerable Canadians rely on, Canada's national security, and Canada's ability to be a trusted and meaningful ally in global affairs. This then threatens our trade relationships, our diplomacy and our national security.
The budget has the same formula that has seen the gap in the standard of living between Canadians and Americans widen rapidly. That is not my opinion; it is what economists and the government's own reports are saying. Statistics Canada said, “Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017.” This past January, Jack Mintz said, “real GDP per capita has stalled since 2018, fell in 2023 by 2.4 per cent and will likely fall again this year.”
According to the Royal Bank, “The Canadian economy is sharply underperforming global peers.... Since 2019, Canadian gross domestic product per capita has declined 2.8% versus a 7% increase in the U.S.” The bank notes that this is the single largest underperformance of the Canadian economy in comparison to the United States since 1965, almost 60 years ago. We should let that sink in: Per capita GDP is now lower than it was five years ago, while in peer countries, it is higher. We have Canada's worst underperformance in comparison to the U.S. economy in that time.
The OECD expects that Canada will record the worst economic growth among advanced countries for decades to come. The C.D. Howe Institute says:
Comparing investment in Canada to that in the United States and other OECD countries reveals that, before 2015, Canadian businesses had been closing a long-standing gap between investment per available worker in Canada and abroad. Since 2015, however the gap has become a chasm.... Having investment per worker much lower in Canada than [in other countries] tells us that businesses see less opportunity in Canada, and prefigures weaker growth in Canadian earnings and living standards than in other OECD countries.
To put it another way, the government is chasing business investment out of Canada, and the result is a lower standard of living for Canadians. The budget itself reveals that interest on the national debt is now more than the entire Canada health transfer. It is also way more than the entire national defence budget. Taxes from Canadians are increasingly going to pay Canada's creditors instead of paying for health care and defence.
Nine years of budgets that spend, borrow and tax more than they promised in their election platforms are making Canadians poorer, and they know it. Canadians know that they cannot afford rent, home heating, gasoline and mortgage payments. They know that inflation is ruining the purchasing power of their wages and the value of their savings. They know that, as government piles on more debt from more spending, they are going to be the ones who will have to pay for it all. They know it is not going to be the ultrawealthy who will just cheerfully pay a little more because it is only fair. Canadians know it is going to be the workers, seniors, small business owners and especially the young who will end up paying for the intergenerational theft that is contained in this budget.
That is why Canadians are increasingly ready for a government that would axe the tax, build the homes, fix the budget and stop the crime. That is why I will vote against the budget. I will vote non-confidence in the government. The Liberal government is out of touch. Canadians are out of time. Let us have an election and bring in a Conservative government to clean up this mess.
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