- Member of Parliament
- Member of Parliament
- Conservative
- Edmonton Manning
- Alberta
- Voting Attendance: 63%
- Expenses Last Quarter: $109,026.29
- Government Page
- Apr/30/24 11:44:55 a.m.
- Watch
Mr. Speaker, the Liberals are complaining about the Conservatives heckling. They are heckling because they do not accept any logic, reality or truth. This is the shape of a government with which we are dealing. If their Prime Minister does not think about monetary policy, that means we are in trouble and we are, indeed, in trouble because of that type of thinking.
63 words
- Hear!
- Rabble!
- add
- star_border
- share
- Apr/30/24 11:44:06 a.m.
- Watch
Mr. Speaker, I would excuse the hon. member opposite. It is like the Prime Minister asking him to sell a radish as a strawberry. They are trying to convince Canadians of their mismanagement and inability to balance the budget whatsoever. This is the situation. Philosophically, if the Prime Minister does not think about fiscal responsibility and fiscal or monetary policy, what does he think about? This—
Some hon. members: Oh, oh!
72 words
- Hear!
- Rabble!
- add
- star_border
- share
Madam Speaker, the members opposite have finally become aware of a problem that is obvious to every Canadian except for the Prime Minister and his cabinet. Inflation is a problem. Canadians are being hurt by it. Liberal government policies are making things worse.
I am pleased that the Liberals have finally realized inflation is a problem for our country. I am less pleased with their solution. Apparently, they do not understand that their attempts to fix the problem, a problem they created with reckless government spending, will only make things worse.
I can understand that there is confusion across the aisle when I say that. How can I say their well-meaning plan will not only not work but will make things worse? This does not make sense to them. For those who truly believe that budgets balance themselves, I can understand that the concept of inflation is also a little difficult to understand. Therefore, perhaps we should take a look first at just what we are talking about. According to Wikipedia:
[I]nflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Wikipedia also tells us:
High or unpredictable inflation rates are regarded as harmful to an overall economy. They add inefficiencies in the market, and make it difficult for companies to budget or plan long-term. Inflation can act as a drag on productivity as companies are forced to shift resources away from products and services to focus on profit and losses from currency inflation. Uncertainty about the future purchasing power of money discourages investment and saving. Inflation can also impose hidden tax increases. For instance, inflated earnings push taxpayers into higher income tax rates unless the tax brackets are indexed to inflation.
With high inflation, purchasing power is redistributed from those on fixed nominal incomes, such as some pensioners whose pensions are not indexed to the price level, towards those with variable incomes whose earnings may better keep pace with the inflation. This redistribution of purchasing power will also occur between international trading partners. Where fixed exchange rates are imposed, higher inflation in one economy than another will cause the first economy's exports to become more expensive and affect the balance of trade. There can also be negative effects to trade from an increased instability in currency exchange prices caused by unpredictable inflation.
This is Wikipedia. It is common information there, but the difference is that some understand it and some do not. Some refuse to even look at it or understand it. To put it simply, in terms that even a Liberal can understand, inflation harms the economy and hurts the people of Canada. Government policies should not make inflation higher. That should be a common understanding. It is simple and should be something that we all should live by.
This now brings us to the Liberals' response to inflation, which is to create Bill C-31, an act respecting cost of living relief measures related to dental care and rental housing. The Liberals, with their imperfect understanding of inflation, are trying to make things better. They are ignoring the economic experts who say that increasing government spending adds to inflation. The Liberals' solution does not fix the problem, but will just make it worse.
It may come as a surprise to the Liberals, but their children's dental care is not a high priority for many Canadian families these days. Parents wish they could be more concerned about dental health and the state of their children's teeth, but when they are having difficulties finding the money to feed their children they are not spending much time booking dentist appointments.
The Prime Minister, as we discovered a couple of years ago, does not know the cost of a pound of bacon. Just to let him know, it has gone up again. Grocery prices are up by 10.8% on average, rising at the fastest pace in 40 years. Fish is up 10%. Butter is up 16%. Milk is up 21%. Eggs are up 10%. Margarine is up 37%. Bread, rolls and buns are up 17%. Dry or fresh pasta is up 32%. Fresh fruit is up by 13%. Oranges are up by 11%. Apples are up by 18%. Coffee is up by 14%. Soup is up by 19%. Lettuce is up by 12%. Potatoes are up by 10%. A family of four are spending an average of $1,200 more a year for groceries than they did in 2021. As well as record food prices, they have to deal with increases in heating, gasoline and housing costs.
Canadians are having to make hard choices about whether to put gas in the car in order to get to work in the morning, or put food on the table. This should not be happening in one of the wealthiest countries in the world. The government does not seem to understand that it is part of the problem. It says to spend, spend, spend and hopes that the problem will go away. If we ask any economist, they will tell us a government cannot curtail inflation by spending.
The Liberal government is driving up the cost of living. The government's proposals do little to solve the problem. Proposals on dental care and housing will provide jobs for civil servants, but will not help most Canadians. The GST rebate will provide some welcome relief, but it is short-term and will not address the real problem: Inflationary deficits and taxes are driving up costs at the fastest rate in nearly 40 years, and that rebate will not pay for very many groceries.
As government spending increases, the deficit rises and the national debt increases. Today's spending will be paid for by our children and grandchildren, who will not thank us for our actions today.
If the Prime Minister was serious about making life more affordable for workers, families and seniors, he would cancel his planned carbon tax increases immediately. The Prime Minister is increasing the carbon tax on Canadians by three times, tripling it, and he is suggesting that he wants to help Canadians. If he wanted to help Canadians, he would not increase the carbon tax three times.
Canadian families are struggling with rising costs due to Liberal inflation. Now is not the time to raise their tax burden and make their lives worse. Instead of freezing taxes, the government is raising taxes on people who are struggling to make ends meet. Inflation is making groceries unaffordable for many people. The government is making things worse with its taxes and inflationary spending.
Those things combined are raising the stress on millions of Canadians. Many are turning to food banks as the only way to feed their families. Here in Ottawa, inflation is being blamed for record-high food bank usage. Food banks in Toronto say they are facing the highest demand in their history. In Edmonton, the University of Alberta's Campus Food Bank reported 200 new clients in September alone.
Raising the tax burden on Canadians so they have to turn to food banks to feed their children may be the Liberal policy, but it is not the policy of a compassionate government. Last year, the Prime Minister asked Canadians to forgive him for not thinking of the monetary policy. Given the fiscal trouble individual Canadians and the entire nation face, I do not think we are going to do that.
1269 words
All Topics
- Hear!
- Rabble!
- add
- star_border
- share
- Apr/29/22 10:48:34 a.m.
- Watch
- Re: Bill C-8
Madam Speaker, the weight of a Canadian one-dollar coin, what we call the loonie, is 6.27 grams. This is a simple number that even a child can understand. I bring that to the House's attention because it seems me that members opposite have lost touch with reality, while at the same time losing their ability to manage Canada's economy. Let us go back to basics in the hope that the Liberals and their NDP friends can gain a glimmer of understanding. I will try to use simple numbers, ones that even a Liberal can understand.
Bill C-8, the economic and fiscal update 2021, adds an additional $70 billion to government spending and brings our national debt to $1.2 trillion. Until the government, such a number was inconceivable, which means the members opposite can be forgiven for not understanding the number, even if Canadians cannot forgive them for their spendthrift ways.
A trillion dollars is a million million dollars. That is a one with 12 zeroes, if we are writing it on paper. It is tough to visualize a trillion dollars. However, if we were to take that debt and pay it off with loonie coins, the weight of cash would be 8,400,000,000 kilograms. That is still a difficult number to comprehend, but since the Liberals have no plan to ever reduce the debt, let alone pay it, maybe it does not matter if we cannot visualize it.
Let us look at it in a different way. Using imperial measures, this debt of 1.2 trillion loonies would weigh 7,860,428 tonnes. This is also an unfathomable number, but let us visualize this. The Liberal disaster weighs 150 times as much as the RMS Titanic, the unsinkable ship that went down off the coast of Newfoundland 110 years ago this month in one of the biggest maritime disasters in history, or of all time, to be specific.
The government's fiscal management is a disaster that is 150 times as bad. It is no wonder the Liberals hide behind the big numbers that they hope people do not understand. They have used the pandemic as an excuse to make changes to the economy, to bring in $176 billion in new spending completely unrelated to COVID-19. They are hoping Canadians will not notice, that they will be too distracted by events to notice that the Liberals are spending without any concerns about the future.
Canadians are, on the whole, a financially responsible people. We know that we should not spend more than we earn and that bills must be paid. We know that money for government programs comes from taxes paid by each Canadian. Canadians understand that we are already taxed at the breaking point. The taxpayers of this country cannot afford new taxes and tax increases. At least most Canadians understand that. Those who do not apparently become Liberal or NDP members of Parliament. Those two parties seem determined to spend this country into bankruptcy.
I was born in a country where the government has had to declare bankruptcy. The suffering of ordinary citizens there is heartbreaking. I do not want to see this happen here in Canada.
People in my riding of Edmonton Manning are concerned about rising prices. They feel they will not be able to make ends meet. They want to know when the Liberals will get serious about the economy. They are not happy that the answer seems to be “never”.
Inflation was 6.7% in March, the highest level in more than 30 years. The government response has been a collective shrug. It is an international problem, they say, as they add more inflationary taxes to Canadians' burdens. As gasoline prices reach record highs, the Liberals' response is to raise the tax on fuel to make things more expensive for Canadians. Gasoline costs are up almost 40% in the last year, and groceries are up by almost 10%. Furniture prices are up about 8% in March alone. Housing prices have doubled under the government.
Young Canadians used to dream of graduating from university, getting a job and buying their first home. These were the milestones of adulthood and rites of passage. With the Liberal government, that dream has changed to a nightmare of crippling student debt and living with parents forever because they will never be able to afford a house of their own.
My constituents are concluding that either the Liberals do not understand the problem or they do not care. Canadians deserve a government that will take real action to fight the cost of living crisis and outline a clear commitment to control inflation. We will not find that in Bill C-8.
Under the government, the cost of a typical house has risen from $435,000 to $810,000. With inflation, purchasing power is down, not up, and wages are not keeping pace. Who can afford a house under this titanic disaster of a Liberal policy? Our economy has hit an iceberg and is sinking fast under the weight of 150 Titanic ships.
We are told inflation will cost Canadians $2,000 each this year. We already know the Prime Minister does not shop for his own groceries, so he has not noticed the increases in prices on everything in the store. Bread, milk and other dairy products, meat and vegetables are all more expensive than they were this time last year. What is the government doing to address the concerns of Canadians concerned about their ability to afford nutritious food? It is doing absolutely nothing.
Rising prices and inflation are happening everywhere, they say. That is just an excuse for inaction. If the government does not understand how the economy works, if it cannot figure out how to help average Canadians in their time of need, maybe it should do the honourable thing, step aside and let someone else fix its problems, someone who will have Canadians' backs instead of stabbing those backs with high prices. That, of course, is not going to happen. The Liberals have no idea what a trillion dollars is, or how much 1.2 trillion loonies weigh. They do not seem to understand that there is a problem.
The Prime Minister has asked Canadians to forgive him for not thinking about monetary policy. That is a disaster. How can we forgive him and his government for polices that make things worse for families and worse for the middle class? How can we forgive him for a $1.2-trillion debt that our grandchildren will still be paying off?
The government is a fiscal disaster of titanic proportions. There is nothing in this bill that can hide that fact.
1124 words
All Topics
- Hear!
- Rabble!
- add
- star_border
- share
- menumenu
- notificationsnotifications
- home
- mailmail
- searchsearch
