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Decentralized Democracy

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 - 232 - Oct/16/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Oct/16/23 2:40:55 p.m.
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Mr. Speaker, while households are dealing with higher interest rates, taxpayers are now on a bigger hook. That is because interest on the debt is going up. The government projected just a few months ago that it would spend $44 billion on debt-servicing costs this year, but that assumed that interest rates would go down. Instead, interest rates have gone up. Will the Minister of Finance finally tell Canadians how much they are now on the hook for with higher debt-servicing costs, because interest rates have not come down?
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Context: House Hansard - 131 - Nov/21/22
Mr. Adam Chambers (Simcoe North, CPC)
  • Nov/21/22 12:25:21 p.m.
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  • Re: Bill C-32 
Madam Speaker, the government's key piece it likes to talk about in the economic statement is the interest relief for students going to school. The question is fairly simple. How many more students will get to access post-secondary education from this government change than otherwise would be the case? The government does not have an answer. It is giving a windfall to the students who are already there and spending $500 million a year of money we do not have. Instead of making sure that more students can access post-secondary, the Liberals are spending $500 million and giving it to students who are already there.
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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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