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Decentralized Democracy

Hon. Ed Fast

  • Member of Parliament
  • Conservative
  • Abbotsford
  • British Columbia
  • Voting Attendance: 66%
  • Expenses Last Quarter: $146,571.88

  • Government Page
  • May/21/24 6:39:57 p.m.
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Madam Speaker, every time our Liberal friends across the way get up, they tell us how good Canadians have it. In fact, just a moment ago the member from Kingston and the Islands got up, telling us Canadians have never had it so good, and to look at inflation, it is only 2.7%. Perhaps my colleague from Mission—Matsqui—Fraser Canyon could explain how harmful the reckless spending of the Liberal government has been, and how that spending has stoked the inflationary fires in Canada.
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  • Feb/14/23 11:08:39 a.m.
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Madam Speaker, in her speech, the member mostly talked about low unemployment and 3% GDP growth, basically suggesting Canadians have never had it so good. However, when the Canadians who are watching these proceedings today go to the grocery store, they know that those prices are not going down. If anything, they are still going up, and the problem with inflation is that once those inflationary prices are baked in, they are there to stay. Canadians know that this is going to be a serious, ongoing problem. The member did mention spending, very briefly, at the end. Given the fact that former Liberal colleagues, finance ministers and governors of the Bank of Canada have said that Liberal government spending is a major contributor to inflation in Canada, how is her government going to actually control spending going forward so we do not have those inflationary pressures anymore?
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  • Feb/7/23 4:16:33 p.m.
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Madam Speaker, I am glad the member quoted Milton Friedman. Of course, that member, being a member of the Liberal Party, is a great disciple of John Maynard Keynes, who used to promote spending as a way out of governments' problems and spending as a way of getting an economy back on track. Unfortunately, it is spending that has gotten our economy off track and into an inflationary spiral. Will that member not admit that the spending his government undertook in Canada has driven inflation to 40-year highs and has caused the current unaffordability crisis in Canada? Will he now, at least, admit that?
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  • Dec/5/22 3:04:35 p.m.
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Mr. Speaker, Canadians face the worst affordability crisis in a generation, yet the government is only making things worse by spending $54 million on the ArriveCAN fiasco, $6,000 a night for the Prime Minister's luxury suite in London and $1 billion in wage subsidies to wealthy corporations. Liberal waste has become a national embarrassment, and every time the government borrows and spends on waste, life becomes more unaffordable for Canadians. Will the government finally put an end to this inflationary spending, yes or no?
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  • Oct/18/22 7:32:41 p.m.
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  • Re: Bill C-31 
Mr. Speaker, what our leader, the Leader of the Opposition, has been speaking about is inflation. He has been speaking about taxes. He has been speaking about the cost of living and affordability of housing, all of the things that matter to Canadians. That is what he has been speaking to in the House, and I have been here for every single meeting. The biggest challenge facing Canada today is the affordability crisis, where Canadians are having to make the choice between groceries and putting fuel in their cars or between sending their kids to ballet lessons and paying for rent. Those are decisions we should never have to foist on Canadians, yet it is the Liberal government's irresponsible approach to borrowing and spending that has brought us to this point. As I mentioned earlier, we can do better.
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  • Oct/18/22 7:18:18 p.m.
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  • Re: Bill C-31 
Madam Speaker, let me begin by saying that I will be splitting my time with the member for Peace River—Westlock. This motion and the underlying Bill C-31 are effectively an admission of failure by the Liberal government when it comes to the economy and fighting inflation. To be very clear, Bill C-31 is setting up a national dental care program focused on children; it also provides for 500 dollars' worth of rent relief, which does not go very far nowadays in most of our cities. That is what this does. I want to focus on the term “relief”. Why is relief even required in the first place? Something went wrong in the economy, so that the government decided, “Listen, we are going to have to borrow more money and send out cheques, because Canadians are suffering and falling behind.” Why are they falling behind? There is a very clear reason. Inflation is rampant. The government did not get hold of the problem of inflation in a timely way. I will be the first to recognize that there are different things that have affected the inflationary pressures within Canada. We know the global community has suffered from a COVID pandemic, which has disrupted everything in our lives. Our lives have been changed, actually, forever by the COVID pandemic. A pandemic had not been experienced for over 100 years, and suddenly it was at our doorstep. Sure, that contributes to inflationary factors. Supply chain disruptions that occurred, the war in Ukraine and weather-related challenges, whether they are drought and famine, storms and hurricanes, or heat domes in British Columbia, all contribute to inflation. However, there is one big factor that is very clearly in the control of the Liberal government, and that is its spending and its borrowing. Here is a factoid that a lot of Canadians are not aware of. Are members aware that over the last seven short years, the Liberal government has spent more money than all previous governments in Canadian history combined? That's going back from 1867 all the way to 2015. The Liberal government, in the subsequent seven years, has spent more money than all of those governments combined. Now we know there is a problem. Some of that money was required to support Canadians in their time of need during the COVID pandemic. That was a crisis that required a government response, but much of that spending was not actually COVID-related. We know that because the Parliamentary Budget Officer said so. The spending this government did has now accumulated a national debt somewhere in the order of $1.5 trillion. If the spending that has brought us to that point, much of which was not COVID-related, was effectively money that was pumped into the economy, then more dollars are chasing the same number of goods and services, and that drives inflation. Every credible economist will tell us that. If a nation's productivity is not improving, which in Canada it is not, but it is pumping more liquidity into the marketplace, that is going to drive inflation. I challenge the government to show me the steps it has taken to discipline and to restrain spending, and the borrowing that was required to sustain that spending, much of which was not COVID-related. That is the first challenge I throw out to my Liberal friends. I ask them to explain to me where the plan is to control spending, that reckless spending that has taken place. Also, by the way, where is the plan to return to balanced budgets? Where is the plan to start repaying that massive debt that we have accumulated over the last few Liberal years? I ask them to explain to me how they justify to future generations of Canadians this massive debt, in an environment of increasing taxes and increasing interest rates, that their children and grandchildren are going to have to repay. I cannot defend that to my children. I cannot. What is even worse is that much of this COVID spending, the amount that was invested in relief and support programs, came through programs like CERB. They were poorly designed, so yes, fraud took place, much more fraud than should have taken place. The programs were designed in such a way that people who did not need the support got the support. I can speak from personal experience. I have had constituents come into my office to tell me they applied for some of the benefits, such as that loan program of $60,000 that they did not actually need, and that now they have to pay only $40,000 back, because $20,000 is forgiven. They asked why they would not apply for it if they qualified. Why did Canadian businesses and individuals who actually did not need them receive benefits during the COVID pandemic? During the COVID pandemic, because people had to stay at home, some businesses catered specifically to that kind of situation and made a ton of money. They had never made profits like that before, yet they applied for these benefits and received them from the Liberal government. That is a failure. Then there is a question that has to be asked about a government that cannot fix its passport system, a government that cannot deliver passports on time, a government that botches the ArriveCAN app and pays $54 million for that app when the private sector says it should not have cost more than $1.5 million or $2 million, and a government that came up with the failed Canada Infrastructure Bank and the CERB program. I could go on and on about these programs that were absolute failures and that the government could not deliver in an efficient and accountable manner. How is it that the government now expects to roll out a $10-billion national dental care program? Nobody in this country trusts the government to manage that, to do it in a coherent and accountable way. Bill C-31 is effectively a band-aid solution to an underlying problem that is much more significant, which is a failure of the Liberal government to address the underlying causes of inflation. Effectively, Bill C-31 camouflages the real problem, which is incompetence on the part of the government on the economic file, its inability to understand that it needs to control its wild borrowing and spending because that is what is driving inflation, at least in part. I will be fair, as I said at the beginning. Some of the influences on inflation are not within Canada's control, but a very significant component is, which is its spending. My challenge to the Liberal government is to get its borrowing and spending under control. Then it might gain some credibility with Canadians when it rolls out these expensive programs, multi-billion dollar programs that are going to saddle future generations with permanent obligations. It should not do that to future generations. Canadians expect better.
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  • Oct/3/22 2:52:13 p.m.
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Mr. Speaker, the inflation crisis in B.C. is exploding. It is not only food and shelter costs that are taking a hit. Vancouver's gasoline prices are now the highest in North America, yet the Prime Minister wants to force B.C. to triple the carbon tax on everything, making life completely unaffordable for families. While the Prime Minister fiddles around, life has become hopelessly expensive and Canadians are now losing hope. Will the Prime Minister now cancel his plan to triple the carbon tax on gas, groceries and home heating, yes or no?
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  • May/3/22 4:58:31 p.m.
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  • Re: Bill C-19 
Madam Speaker, the thing the Liberals do not deliver on is affordability. They do not deliver on their promise to fight inflation. In fact, do members know what happens with the Liberal government? The biggest beneficiary of inflation and the affordability crisis is government revenues. Every step along the way, it gets another piece of the action. This new legislation would allow the government to now charge GST on the assignment of real estate contracts. Therefore, if somebody buys a house, but is doing it on spec, and finds another buyer who is prepared to pay more, they can say, “Hey would you like to buy this? I will sell you the contract.” Well, is the government not going to take a piece of the action on that as well? It does on gas. It does on carbon taxes. It is all the GST layered on everything that Canadians buy. At the end of the day, Canadians are the ones who pay the price, and the big beneficiary is the Prime Minister, who continues to bring in more and more government tax revenues and then spends that money wildly. That is unacceptable, and Canadians are going to call him on it.
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  • May/3/22 4:52:12 p.m.
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  • Re: Bill C-19 
Madam Speaker, I would be glad to answer the member's question. I do not know if he was in this House for the full speech I gave, because I acknowledged that supply chains do have an impact on inflation and that rising commodity prices around the world, exacerbated by the war in Ukraine of course, do have an impact, but I also mentioned that housing affordability and the housing inflation we are experiencing today in Canada are largely a made-in-Canada phenomenon. That is backed up by many economists, and I think he knows that. Let us be fair here. I acknowledge that some of the inflation that we experience in Canada is a global phenomenon, but a lot of it is driven by the actions of the current government in borrowing and spending in a way that is irresponsible.
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  • Apr/26/22 2:52:27 p.m.
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Mr. Speaker, the Governor of the Bank of Canada admitted that inflation is much higher than expected. When asked to explain how to protect Canada's finances, he said, “don't spend too much”. We know that the Prime Minister does not think about monetary policy, but Conservatives do and Canadians do, and Canadians are the ones paying the price for the Prime Minister's monetary illiteracy: higher grocery bills, gas bills and interest rates. Will the Prime Minister recognize that his reckless borrowing and spending is making things worse for Canadians?
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  • Apr/25/22 2:45:29 p.m.
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Mr. Speaker, the governor also announced that, because of inflation, every single Canadian pays $2,000 more a year. He said Canadians should expect more interest rate increases, leaving millions of Canadians paying more on their mortgages and on their loans. When the governor was asked what this government should do to preserve Canada's fiscal position, he said not to spend too much. Is the minister listening? Will she finally control her spending, and why has she failed to address Canada's affordability crisis?
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  • Apr/25/22 2:44:15 p.m.
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Mr. Speaker, this morning, the governor of the Bank of Canada was very clear that inflation is no longer transitory. In fact, Mr. Macklem said, “Team Transitory has disbanded.” For months, the government has claimed that inflation was a passing global phenomenon, nothing to see. It continued to borrow and spend all the way to a skyrocketing inflation of 6.7%. Why has the minister allowed her spending to fuel an affordability crisis, which has left millions of Canadians behind?
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  • Apr/8/22 11:21:40 a.m.
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Mr. Speaker, the cost of home ownership has doubled. Food prices are through the roof. Fuel costs are at record highs, and yesterday’s budget only made things worse. There was no help for those being left behind by the NDP-Liberal government. There is no tax relief and no plan to fight inflation. It is only spend, spend, spend. Does the minister not realize that her tax and spend policies are driving millions of Canadians out of the middle class? When will the government finally take steps to control the skyrocketing cost of living?
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  • Apr/8/22 10:45:38 a.m.
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Mr. Speaker, my colleague refers to the government now as a spend-DP-Liberal government and he is correct. It is a spendthrift government, and he did mention inflation and the elements of inflation. The one thing I did not mention in my speech, and this gives me a chance to do that, is the role that taxation plays in inflation. I talked a lot about the spending, spending, spending that is driving the vicious inflationary cycle we are in right now, but that is contributed to by the fact that the government continues to raise taxes. The more taxes Canadians pay, such as GST, carbon taxes and excise taxes, the more that drives inflation because it drives up the cost of everything that Canadians buy.
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  • Apr/6/22 2:36:47 p.m.
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Mr. Speaker, every Liberal budget is a tax-and-spend budget. More Liberal tax-and-spend policies mean even worse inflation. Wages have not kept up with the cost of living, while the cost of groceries, gas, housing and pretty well everything else has become unaffordable. Millions of middle-class families have fallen behind. Remember when the Prime Minister promised to stand up for the middle class and those wanting to join it? What happened to that promise?
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  • Apr/4/22 2:32:00 p.m.
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Mr. Speaker, my question is to the minister. Money does not grow on trees. Virtue-signalling does not feed people or put gas in their car, and it does not buy a home. What Canada needs is a plan for growth with investments in jobs and productivity. We need a budget that has a real debt-management strategy with a firm fiscal anchor and a clear path to returning to balanced budgets. Will the upcoming spend-DP-Liberal budget include a plan to control inflation, a strategy to grow our economy and a return to balanced budgets?
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  • Apr/4/22 2:30:43 p.m.
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Mr. Speaker, while Canadians are facing sky-high inflation, which has led to higher grocery and gas prices, and a housing affordability crisis, they want real solutions from this government. They want a plan to fight the skyrocketing cost of living that has left so many behind. Another budget with an avalanche of spending will only fuel inflation, leaving future generations with more deficits and more debt to repay. I ask the minister this: Will the government's upcoming budget present a plan to fight inflation, grow our economy and return to balanced budgets?
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  • Apr/4/22 1:56:46 p.m.
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  • Re: Bill C-8 
Mr. Speaker, my colleague for Prince Albert has it right. Canada is the place where we should be investing. We should be harnessing the power of our energy sector to get clean energy to the rest of the world. Unfortunately, the NDP-Liberal coalition government does not understand that. We know that this Thursday, the NDP-Liberal government is going to be tabling its 2022 budget. Quite frankly, based on the government's track record these past seven years, I expect it will again fail to meet the expectations and aspirations Canadians have for their future. For two long years, Canadians have been resilient, hoping to see a return to normal once mandates began to lift, lockdowns were lifted and Canadians were vaccinated, but instead, Canadians are struggling more than ever due to a soaring consumer price inflation rate, which stands at 5.7% today and is going up. In fact, the Governor of the Bank of Canada has suggested that it is going to get worse before it gets better, and Canadians have a right to be concerned. They see inflation at a 30-year high and skyrocketing housing prices, which have exacerbated the mess that our Liberal government has made of the economy. Economists have been warning for well over a year that there was an inflation crisis coming, yet the experts in our government assured us that inflation was transitory and there was nothing to see here. Meanwhile, hundreds of billions of dollars in special stimulus, as the Prime Minister called it, was being pumped into our economy. Of course, those were taxpayers' dollars, and they were beginning to flood into our economy, with the excess cash driving the inflation rate and driving up the cost of everything. The Conservatives had warned the finance minister that out-of-control borrowing and spending without a plan to return to balanced budgets and a plan to manage the massive debt the Liberal government was leaving behind would leave future generations of Canadians to pay for this mess, this huge albatross hanging around their necks, going forward. However, we understand why this has happened. It is because, as members know, the Prime Minister said that he does not think about monetary policy. For the leader of this country not to care about monetary policy and its role in driving inflation in this country is appalling. When I have an opportunity to continue my speech after question period, I would love to elucidate and expand on those comments.
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  • Mar/31/22 2:31:44 p.m.
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Mr. Speaker, tomorrow is April Fool's Day and the Prime Minister is raising carbon taxes again. That adds another 11¢ to a litre of gasoline. Excise taxes are going up. CPP premiums are going up. GST revenues are going up. Interest rates are going up. All of these increases are driving up inflation and the cost of living for Canadians. Does the minister not realize that inflation is spiralling out of control? Will Canada's first NDP budget deliver a plan to fight inflation?
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  • Mar/30/22 3:07:38 p.m.
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Mr. Speaker, inflation is raging across our country. That is a fact, and Canadians are being left behind. They cannot get groceries. They cannot afford gas to take their kids to hockey or music lessons. The cost of everything is through the roof. We know paycheques do not go as far as they used to. We know Canadians are struggling to make ends meet, yet the minister refuses to act. This is her mess. She is Canada's finance minister. Will her budget include a plan to fight Canada's affordability crisis?
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