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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 7:18:18 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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  • 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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  • Mar/22/22 10:07:53 a.m.
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moved: That, given that, (i) Canadians are facing severe hardship due to the dramatic escalation in gas prices, (ii) the 5% collected under the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and the Quebec Sales Tax (QST) creates increased revenue for the federal government as fuel prices rise which compounds the pain on Canadian consumers and the economy, the House call on the government to immediately provide relief at the pumps to all Canadians by introducing a temporary 5% reduction on gasoline and diesel whether collected under the GST, HST, or QST which would reduce the average price by approximately eight cents per litre. He said: Mr. Speaker, I am thankful for the opportunity to speak to something that concerns virtually every single Canadian: the skyrocketing cost of living in our country. Fifty-three per cent of Canadians today say that they cannot keep up with rising prices, and I suspect that percentage is going to keep going up. Things are going to get worse before they get better. Yesterday, at the finance committee, we had a number of Canadian economists speak to us, and they very clearly said that the cause of the inflationary spiral we are in today, which is leaving so many Canadians behind, is our federal government. Our federal government has claimed that this is a global phenomenon and there is nothing to see here, and it has washed its hands of that problem. However, these economists noted that there are two types of inflation. One is CPI, consumer price index inflation, or the cost of everyday goods and services. The second is asset price inflation, which is for some of the big assets we purchase, like housing, that are not subject to the whims of the world markets. What is the reason this is happening in Canada? We have this inflationary spiral, where millions of families no longer have the dream of owning their own home, and the cause is profligate borrowing and spending on the part of the Liberal government, facilitated of course by the Bank of Canada through its quantitative easing, asset purchases and government bond purchases. At the end of the day, the problem is this: We have an inflationary crisis in Canada because the government has pumped excessive stimulus into our economy, effectively pumping hundreds of billions of dollars into our economy beyond what it can manage. What has happened is that we have more dollars chasing the same number of goods and services, and that drives inflation. I know that my Liberal friends are laughing at me, saying that is not true. However, we had some of the highest ranking economists in the country at our committee, including an economist from the C.D. Howe Institute, who confirmed that the liquidity in our economy now is driving inflationary pressures. Even the Governor of the Bank of Canada admitted that things will get worse before they get better. I will let members know that I will be splitting my time with the member for Brandon—Souris, who is also ready to speak to this very important issue. Today, we are calling on the government to pause the GST on fuel. We are talking about gas and diesel at the pumps. We are asking the government to at least temporarily lift the GST. Members may be asking why we are using the GST to perhaps diminish the impact of inflation on Canadians. Well, the reason is that GST is a tax on a tax. When Canadians go to the pumps and pay for their gas, there is already a fuel excise tax built into the cost. There is a carbon tax built into it too. On top of that is layered the GST. Of course, the problem with that, and the pernicious part of it, is that as the price of gas goes up and up, GST revenues go up. The government has actually reaped windfall revenues from the oil and gas sector in Canada and has this windfall because the GST is generating more and more revenue due to the escalating price of gas at the pumps, so we are suggesting that it would only be fair for the government to at least temporarily lift that GST and provide Canadians with a break. We are calling for the government to finally, after months and months of calling for a plan, fight inflation. We as Conservatives are coming forward now to say that we have a plan. This is part of the plan. It is not the whole plan, but part of the plan is to lift the GST. There are millions of Canadians across Canada who would appreciate the 8 to 10 cents per litre at the pump they would pay less if the government heeded our call for this GST relief. Giving Canadians a GST break is actually a simple, common-sense solution to help Canadians who are suffering because of inflation. I used the term “ common sense”. That is a rare thing in the House under this Liberal government, but we are asking colleagues to listen. We are coming forward not only with complaints, but also with solutions for the government. I am asking the government not to pour cold water on our motion. We are asking for the government to support our motion and to provide relief for Canadians, because we need real action to help Canadians make ends meet. Colleagues know that we, as Conservatives, are always the defenders of the taxpayer. This, of course, would help taxpayers who go to the pumps to pay less GST. I would also note that this is all driven by the fact that we have an inflationary crisis in Canada. It is a significant cost-of-living crisis. Today, millions of Canadians have been priced out of the housing market. Why? The economists yesterday told us that it is because the government has pumped so much stimulus into the economy, with so much cash sloshing around, that it is driving the spiking prices for houses across Canada. In my own community, since the Prime Minister was elected, housing prices have doubled. A house that used to sell for $500,000 in Abbotsford is a million plus today. In fact, recently some friends of ours sold their home and were expecting to get about a million dollars for it. Of course, there was a bidding war. They got $1.2 million for a house that, five or six years ago, was half a million dollars. I feel happy for this couple because this is a tax-free gain that they are experiencing, but what about all the millions of families that are lining up behind this couple and waiting to get into the housing market? Their dream of home ownership has been dashed. It has been shattered, probably forever. Day after day in the House, we have been asking the Liberal government for a plan to fight inflation. I have been doing it and my colleagues have been doing it. Where is the plan to fight the cost-of-living affordability crisis that is facing most Canadians across the country? There has been no plan and no response from the government. In fact, the finance minister effectively has washed her hands of the whole problem by saying it is a global phenomenon and there is nothing we can do about it. Yes, there is something the government can do about it. We have brought forward a motion that would be a start. It would be a head start to addressing the inflationary crisis we have in Canada. It is time for the government to step up for Canadians and temporarily remove the GST on gas and diesel. The least we elected parliamentarians can do is to heed the voices of Canadians who are being left behind. Inflation is at 5.7%. Wages are only increasing by somewhere in the order of 2.5%, so Canadians are being left way behind as inflation roars ahead. We need to address this problem. We have come up with a solution, or at least a partial solution. I hope my Liberal friends are listening.
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  • Feb/15/22 2:53:21 p.m.
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Mr. Speaker, Canadians are stressed. Paycheques do not buy what they used to. In fact, the costs of everything, including gasoline, groceries and housing, are at all-time highs. Families are getting left behind. Last April, I wrote to the minister to warn her of exactly that. I highlighted the dangers of uncontrolled borrowing and how excessive stimulus spending would stoke inflationary pressures. She either does not care or did not read my letter. To the minister, what specifically is she doing to get inflation under control?
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