- Member of Parliament
- Member of Parliament
- Conservative
- Charleswood—St. James—Assiniboia—Headingley
- Manitoba
- Voting Attendance: 65%
- Expenses Last Quarter: $99,486.97
- Government Page
- May/7/24 2:34:26 p.m.
- Watch
Mr. Speaker, after nine years of the NDP-Liberal government, interest on our national debt is more than we spend on health care. The Prime Minister is spending more money lining the pockets of wealthy bankers and bondholders than making sure Canadians get the health care they need.
On Thursday, the bank governor told the finance committee that government spending was “not helpful” in bringing down inflation and interest rates. When will the Prime Minister finally start listening and get spending under control to bring down inflation and interest rates?
92 words
- Hear!
- Rabble!
- add
- star_border
- share
Madam Speaker, given that we are discussing the fall economic statement, is she concerned with the increase in the size of the national debt? In 2015, the national debt was $600 billion. After eight years, the government actually managed to double it. In fact, it has spent more money than all other prime ministers combined.
Is she not concerned that we are on the wrong trajectory and that we need to get our budgets under control?
76 words
- Hear!
- Rabble!
- add
- star_border
- share
- Sep/20/23 2:13:24 p.m.
- Watch
Mr. Speaker, in June, the finance minister said, “Canada’s plan to bring down inflation is working.” She called it a “milestone moment”, taking credit for the reduction.
Yesterday, we learned inflation has gone up to 4%, an increase of 43% since she made those comments. Now inflation is higher here than it is in the United States. Mortgage payments are up 151%, to $3,560. Rent has doubled.
Before the Prime Minister took office, it took 25 years to pay off a mortgage. Now it takes 25 years just to save for a down payment. The NDP-Liberal government wants to blow the bank. The Prime Minister has added more debt than all previous prime ministers combined.
Common-sense Conservatives would bring homes people can afford by reducing inflationary deficits and taxes to bring lower interest rates. After eight years, the Prime Minister is just not worth the cost.
155 words
- Hear!
- Rabble!
- add
- star_border
- share
- Jun/21/23 9:37:53 p.m.
- Watch
Mr. Speaker, I appreciate the compliment. I know everybody is waiting with bated breath to hear what I have to say next. I will try not to disappoint.
The fact of the matter is the IMF is now urging Canada to bring a debt anchor and to keep fiscal policy tight. What does that mean, keeping fiscal policy tight? It means moving toward balanced budgets, not just relying on what they might call fiscal guardrails or reducing debt-to-GDP ratios, but actually having a hard fiscal anchor. This is the IMF talking, not me. A hard fiscal anchor. What they mean is a plan to get back to balanced budgets.
The Bank of Canada, to its credit, has been engaged in a policy of fiscal tightening, trying to reduce the money supply and raising interest rates, trying to grapple with the scourge of inflation. The problem is that the fiscal policy of the Government of Canada is running counter to that.
We have loose fiscal policy in this country, meaning that billions and billions of dollars are still going out the door of the budget this year. It was $495 billion, almost half a trillion dollars. Mr. Speaker, I know you have been here for a while, and I know you know that is a lot of money. It is way more than it was even in 2019.
We have a real issue in this country, and I think we need to bridge the gap. We need the government and its coalition partners to take this concept seriously, go back to the drawing board and at least come back with a plan. That is all this motion asks for, not to balance the budget tomorrow or at two o'clock this morning when we are voting on the appropriations, but to come back soon with a plan, just like they had for 2027, to bring the budget back into balance.
321 words
- Hear!
- Rabble!
- add
- star_border
- share
- May/15/23 2:54:46 p.m.
- Watch
Mr. Speaker, the finance minister plans to spend $490 billion in this budget but is refusing to show up at the finance committee for just two hours to answer questions. The budget would drive every Canadian family another $4,200 into debt. Canada has the fifth-highest increase in government spending and the third-largest increase in our debt-to-GDP ratio. Our debt has increased faster than that of almost every other advanced country. Just last November, the finance minister promised to balance the budget by 2028. In this budget, her deficits go on forever and ever. Why is she breaking that promise?
104 words
All Topics
- Hear!
- Rabble!
- add
- star_border
- share
- May/9/23 10:29:10 a.m.
- Watch
Madam Speaker, my colleagues know that I am a numbers guy. I love the finance committee, and I agree 100%. I would like nothing better than to be debating the budget, but the Liberals cut off debate on the budget. Therefore, we cannot talk in the House about, for example, the fact that they have doubled the national debt in the last six years, from $600 billion to $1.2 trillion, because the government and the costly coalition NDP partners actually quashed debate in the House about that.
I agree wholeheartedly, but the fact of the matter is that action should have been taken early on, two years ago, to let the member for Wellington—Halton Hills know this was going on and to call a public inquiry.
129 words
- Hear!
- Rabble!
- add
- star_border
- share
- Apr/27/23 12:32:05 p.m.
- Watch
Madam Speaker, in 1995, the most draconian budget in Canadian history was brought in by Liberal finance minister Paul Martin. Why did he do it? It was because he had to. He had to do it because the Government of Canada was broke. It could no longer borrow money. It had hit a wall. The Wall Street Journal was saying that Canada was an economic basket case, because interest rates were high and debt was high, and the Government of Canada could no longer afford to maintain its credit rating or pay for the important programs Canadians required. That is where we are heading today.
105 words
- Hear!
- Rabble!
- add
- star_border
- share
- Apr/27/23 12:14:44 p.m.
- Watch
Madam Speaker, I note that the member did not discuss the deficits that are projected in the budget. If we look through to 2027-28, they project that the combined debt of Canada will be over $1.3 trillion, which is more than double what it was when the government took office. Does he think that qualifies as being fiscally responsible?
61 words
- Hear!
- Rabble!
- add
- star_border
- share
Madam Speaker, I want to congratulate my friend from Winnipeg on his sartorial selections today. They look very good on him.
I have a question about the budget itself. The budget projects that this year, over $40 billion will go to interest on the debt, to wealthy bankers and bondholders. That is almost as much as the $50 billion being spent on the Canada health transfer.
How does the member justify the Liberals giving almost exactly the same amount to wealthy banks and bondholders as they are to Canadians for health care?
92 words
- Hear!
- Rabble!
- add
- star_border
- share
- Nov/24/22 3:04:11 p.m.
- Watch
Mr. Speaker, since 2015, the Prime Minister has doubled our national debt to $1.2 trillion. Over $100 billion of that was even prior to the pandemic. He has incurred more debt than all other prime ministers combined. Just yesterday, the Governor of the Bank of Canada told me that, but for this massive spending, inflation would have been less.
This is a very important question: Will the Prime Minister finally admit that his failed fiscal policy is costing Canadians more for everything?
83 words
- Hear!
- Rabble!
- add
- star_border
- share
Madam Speaker, I will be sharing my time with the member for Prince George—Peace River—Northern Rockies.
A staggering $1.2 trillion is how much debt the finance minister tells us we will be up to our necks in by just next year. The Liberals have doubled our national debt since they came to power. The Prime Minister has incurred more debt than all prime ministers who came before him. The Liberals have doubled the debt, they have tripled the carbon tax and, to make matters worse, they have quadrupled people's mortgage payments, because Liberal inflation has led to Liberal interest rate hikes.
A favourite quote of mine is from Winston Churchill, who famously said, “Gentlemen, we have run out of money; now we have to think.” Well, it turns out the Prime Minister not wanting to think about monetary policy has had absolutely devastating consequences for Canadians.
The Conservatives had two simple asks: one, no new taxes, and two, no new spending unless it is paid for with equal savings. However, the Liberals did just the opposite. They are going to triple the carbon tax and increase spending by $21 billion. That is their brilliant plan to combat inflation. It is obvious that a Prime Minister who does not mind spending Canadians' hard-earned tax dollars on a swanky $6,000 hotel room and a finance minister who defines belt tightening as cancelling her Disney+ subscription just do not get it. However, do members know who does get it? It is everyone else.
This economic plan does nothing to address Canada's cost of living crisis. With a $40.1-billion increase in revenues just this year, this statement shows that inflation is not only increasing the cost of living but increasing taxes on Canadians. Instead of giving Canadians much-needed relief during this time, the costly coalition seeks to profit off increased inflation.
Canadians are out of money and the Prime Minister is out of touch. Members opposite do not seem to know the facts. Do they not know that interest payments on our debt will double this year, costing nearly as much as the Canada health transfer? Do they not know that Canadians continue to cut their diets, and mothers are putting water in their children's milk because they cannot afford 10% annual food inflation? Do they not know that home prices have doubled over the last seven years, forcing young Canadians to live in their parents' basements? Do they not know that food bank usage has soared to an all-time high, recording 1.5 million visits in just one month? No, they do not know, but the Conservatives know what it will take to solve this inflation crisis. Let us stop creating more cash. Rather, we should create more of what cash buys.
If I had to sum up the fall economic statement in one word, do members know what word I would use? I would use the word “deceptive”. It is deceptive because its central theme is this farcical tale that tough times might be ahead of us, but hey, Canada is on the right track, our fiscal policy is sound and at least we are doing better than everyone else. It is deceptive because it portends to be fiscally responsible when it is not. It is deceptive because it portends to rein in spending when it does not. It is deceptive because it portends to rein in inflation when it does not. It is deceptive because it portends to offer relief to Canadians when it does not. It is deceptive because language like “economic slowdown” belies the reality of a looming recession.
Now, we know that the Liberals are experts at shirking responsibility. Inflation is not their fault. Blowing up people's mortgage payments is not their fault. If one cannot get a passport, it is not their fault. If we cannot afford gas, groceries or home heating, that is not their fault either. Who do they blame? Well, it is Putin, of course, the war, supply chains, COVID or corporate profiteering. It is never their fault. They will blame anything. However, when we pose the question asking whether inflation was caused by a failed domestic monetary policy that ballooned the money supply by 27% in two years from $1.8 trillion to $2.3 trillion or by massive deficit spending, they will say no, that is not it; it is the war. Do members not see that it is Putin?
This is what is happening. The cost of government is driving up the cost of living. Half a billion dollars in inflationary deficits means more money chasing fewer goods, which drives up the cost of everything. Inflationary taxes drive up the cost of goods. The more the Liberals spend, the more things cost. Their argument that inflation was not triggered by domestic policy simply stretches credulity.
In recent weeks, experts from across the country have presented the government with an uncomfortable truth: The inflation crisis is in fact a domestic crisis. After doubling our national debt, now the finance minister says it is time to be fiscally responsible. It is time to turn off the taps, and more spending would, in her words, “force the Bank of Canada to raise interest rates even higher. It would make life more expensive, for everyone, for longer.”
Remarkably, in the same statement, she increases spending anyway, by $21 billion. By the way, spending is already way up. In 2020, just before the pandemic, federal program spending was $338 billion. Now the finance minister says in 2023 it will be $437 billion, a whopping 29% increase in spending over prepandemic levels.
When it comes to COVID, I will offer the Liberals a bit of an olive branch. The pandemic necessitated a certain degree of spending, which Conservatives voted for. However, the problem is, of the $500 billion they spent in deficit, over $200 billion had absolutely zero to do with COVID. Even before 2020, in the good old days of sunny ways, the government added a staggering $112 billion to our debt.
I understand why the Liberals do not want to think about this. When Canadians realize how badly their tax dollars have been mismanaged, make no mistake, they will hold the government to account.
Here is another uncomfortable truth. For far too long, Europe was content with getting its energy from a brutal despot, but today that is no longer an option. Now the continent prepares for a winter that can only be described as hellish. We could have been there for them. However, the Liberals once again dropped the ball. While Canada sits upon the most ethically produced supply of natural gas on the planet, our friends in Europe are being held for ransom, begging to buy overpriced blood natural gas from Putin.
We could have been there for them, but the Prime Minister decided not to invest in exporting our natural gas. We could have been there for them, while creating good-paying Canadian energy jobs. We could have been there for them while generating revenue for Canadians, but the Prime Minister did not want to think about developing Canadian natural resources, and now Europe is paying the price. Canada does not get the sale, and Putin rakes it in, all the while funding his brutal war.
It is frustrating to see the Liberals being so inflexible and so ideological that they refuse to accept this fact almost 10 months into this brutal war. Talk about choosing posturing over prosperity.
I wish I had something positive to say about the fall economic update. I wish I could commend the government for exercising even an iota of the fiscal discipline that it claims to have suddenly converted to. This so-called fiscal discipline is relative only to the massive spending over the last two and a half years. Just about anything is a success when working with such a low benchmark. It is the financial equivalent of gorging on Halloween candy, minus a few chocolate bars here and there, and telling the world that the diet is “going well”. Ironically, when Conservatives propose fiscal responsibility, Liberals brand it austerity. When Liberals feebly try to do the same, it is called fiscal discipline.
We have been trying to reach across the aisle for months now. Just a few weeks ago, it looked like we had seen some progress when the finance minister endorsed our “pay as you go” approach to her cabinet colleagues. However, there is not a word of that policy in the update. When will the government commit to a real plan to balance the budget and stop adding fuel to the inflationary fire?
It goes without saying that $1.2 trillion is a lot of money to owe. Right now, I say that Canadians have 1.2 trillion reasons to reject the Prime Minister's failed economic policy.
1503 words
All Topics
- Hear!
- Rabble!
- add
- star_border
- share
- Oct/21/22 12:03:05 p.m.
- Watch
Madam Speaker, the government ballooned our debt by over $100 billion even before COVID, and then by $500 billion during COVID, $200 billion of which had absolutely zero to do with the pandemic. Now the finance minister has seen the light, taken the advice of our leader and brought in a “pay as you go” policy.
Canadians know they cannot trust the finance minister and this costly coalition with the NDP when it comes to fiscal responsibility. Is that not right?
83 words
- Hear!
- Rabble!
- add
- star_border
- share
- Jun/10/22 11:35:08 a.m.
- Watch
Mr. Speaker, the Prime Minister keeps saying that the government took on debt during the pandemic so that Canadians would not have to. It turns out that it just did not work. Now the Bank of Canada reports that Canadians' biggest vulnerability is higher household indebtedness. In fact, interest rates are on the rise, and people are at risk of losing their homes.
This is a very important question. Will the minister finally admit that the Liberal government's irresponsible spending led to this cost-of-living crisis? Is that not right?
92 words
- Hear!
- Rabble!
- add
- star_border
- share
- menumenu
- notificationsnotifications
- home
- mailmail
- searchsearch
