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Member of Parliament

Adam Chambers

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Simcoe North
  • Ontario
  • Voting Attendance: 68%
  • Expenses Last Quarter: $121,028.17

  • Government Page
Context: House Hansard - 41 - Mar/4/22
Mr. Adam Chambers
  • Mar/4/22 1:11:00 p.m.
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  • Re: Bill C-8 
Mr. Speaker, I thank my hon. colleague for Central Okanagan—Similkameen—Nicola. It is wonderful working on the finance committee, and I am learning a lot from him. With respect to the interest charges on debt, we absolutely need to worry about this. One of the justifications for the government's spending using deficit financing early on in its mandate was that interest charges were so low. They told us not to worry. Now we see challenges with interest rates going up, and we know that they are going to continue to increase. Now, as my hon. colleague has mentioned, we see that there is maybe a $6-billion additional cost that otherwise was not considered. Where is that $6 billion coming from? Of course, we could continue to borrow the money, but eventually my grandchildren, who are not even born yet, will be bearing that cost. I think that we need to consider this very closely.
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