- Member of Parliament
- Member of Parliament
- Conservative
- Charleswood—St. James—Assiniboia—Headingley
- Manitoba
- Voting Attendance: 65%
- Expenses Last Quarter: $99,486.97
- Government Page
- Jun/21/23 9:37:53 p.m.
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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.
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- Apr/27/23 12:17:53 p.m.
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Madam Speaker, I would like to talk about “a line we shall not cross.” Only one short year ago, the finance minister said, “let me be very clear: We are absolutely determined that our debt-to-GDP ratio must continue to decline.” It did not. In fact, it went up. She also said, “Our deficits must continue to be reduced”, which they were not. She said, “The pandemic debt we incurred to keep Canadians safe and solvent must—and will—be paid down.” It was not. “This is our fiscal anchor. This is a line we shall not cross”, she said. Just last November, the Liberals predicted that the budget will have a $4.5-billion surplus in 2027. Now, they say there is going to be a $14-billion deficit in 2027.
I am stuck on the words “a line we shall not cross”. High-sounding words of integrity they are indeed, but so many lines have been crossed. In 2015, the Prime Minister promised that the budget would be balanced by 2019. It did not happen. This year alone, the government will go another $43 billion into debt. In 2019, the Prime Minister said that the debt-to-GDP ratio would go down. It did not happen. Do members remember his abandoned promise from 2019? He promised to cut mobile phone rates by 25%. It never happened.
The Liberals then said, in 2021, that they would create a $5-billion mental health transfer, which was a major promise of transfer to the provinces. It did not happen. It is not mentioned in the budget at all. Do members remember 2015? The Prime Minister said that the election would be the last first-past-the-post one. It did not happen. In 2019, he said, “we will plant two billion trees”. It never happened. How about the carbon tax and the claim that “Canadians get back more than they pay”? This is not true, says the independent Parliamentary Budget Officer. Let us not forget the perennial pharmacare promise in almost every Liberal platform over the last 30 years. In this budget, the word “pharmacare” does not even appear. There is not one mention.
How about the claim that interest rates will remain low, or that we need to be worried about deflation, not inflation? How about the promise of affordable housing or rent? The Liberals have spent $89 billion on a national housing strategy that hardly creates more housing. Since 2015, mortgage payments, down payments and rents have doubled. They promised to help students, but instead cut the Canada student grant from $6,000 to $4,200 a year.
The Prime Minister promised to keep our streets safer, yet violent crime is way up. Another promise, “We will make information more accessible by requiring transparency to be a fundamental principle across the federal government”, did not happen. He also promised to stop money laundering. Canada is now such a haven for money launderers that it has its own name: snow-washing. This is not a badge of honour.
Let us talk about crossing a line. The Prime Minister just appointed, and I cannot believe I am even saying this, as it sounds so ridiculous, the sister-of-law of the intergovernmental affairs minister as the Ethics Commissioner. The minister himself has been charged by the last ethics commissioner.
It is time for Conservatives to cross a line, the line between this side of the aisle and the government side of the aisle. We will cross that line after the next election, members can be sure, when the member for Carleton is the next prime minister of Canada.
Conservatives were looking for just three reasonable things in this budget: lower taxes for Canadian workers, an end to inflationary deficit spending, and meaningful measures to make housing more affordable. None of the three Conservative demands has been met, and there is not a chance that Conservatives will support this anti-worker, tax-hiking, inflationary budget.
Let us talk taxes. Nearly all economists agree that raising taxes during or just before an economic slowdown is absolutely terrible economic policy, yet this government continues raising taxes for ordinary Canadians. The Parliamentary Budget Officer shows that the carbon tax will cost average families way more than the rebate they receive. There is a war on work in this country. Higher taxes mean less take-home pay. Do we know what happens when we punish work? We get less work. Just this year, the Prime Minister raised payroll taxes on workers and small businesses. A worker making about $66,600 will be forced to pay an extra $305.
By increasing the excise tax on alcohol by 2%, Liberals are still raising taxes on the restaurants and breweries that are struggling to survive. Just when service industry workers are trying to get back on their feet from the pandemic, the current government's brilliant plan is to make it more expensive for Canadians to dine out.
Let us talk about inflationary spending. In 2015, the total federal debt was about $600 billion. Today, it has doubled, to $1.2 trillion, which is $600 billion from Confederation to 2015 and $600 billion from 2015 to 2023. That is nearly $81,000 per household in Canada. To make matters worse, this year alone, interest on this massive debt will cost Canadians $43 billion. To put that into perspective, it is almost as much as what the federal health care transfer will be, at $49.4 billion. That is interest, going to pay wealthy bondholders and bankers, that is more than enough to fund the health care transfer. Even with revenues way up, the government is going to borrow another $175 billion between now and 2028, bringing the debt to over $1.3 trillion. The spending in this year's budget is $63 billion higher than it was a year ago. That is $4,200 for each and every Canadian, which is almost enough to house the Prime Minister in the hotel room for one whole night.
The massive federal bureaucracy is costing Canadians in a major way. Here is a troubling statistic: Personnel spending over the past two years increased by 30.9% to $60.7 billion. In spite of that, we now have the biggest strike in Canadian history. That takes a very special kind of incompetence.
It gets even worse. At the same time, expenditures for external contracting have more than doubled since 2015, to over $20 billion, with billions going to wealthy companies like McKinsey and other consulting firms that are totally unaccountable to taxpayers. Never before has a government spent so much to achieve so little. As Canadians are finding it harder and harder to make ends meet, the current government is raking in record revenues. It will receive $413 billion this year, which is up $151 billion from 2015. In fact, Canada's per capita economic growth has been the weakest among the OECD countries, despite all of this spending.
The dream of home ownership has died for young and new Canadians under the current Prime Minister. Nine in 10 people who do not own a home believe they never will. We have the most expensive housing on the planet, higher in some of our cities than in New York, Los Angeles and other major cities. That makes no sense, with only 38 million people living on the second-largest land mass in the world. Young people who have done everything we have asked them to do, such as go to school and work hard, are living in their parents' basements.
Conservatives will make sure that the municipal gatekeepers get out of the way so we can get some homes built. We will sell off 15% of federal buildings for affordable housing and will bring back the dream of home ownership.
Grocery price inflation is in the double digits for the seventh month in a row. Record numbers of people are using food banks. One in five Canadians is skipping meals. The Prime Minister now stands up in the House and brags about all the cheques he is sending for this or that, but the government has no money. It first has to take it from Canadians before it gives it back. Why not leave it where it belongs in the first place? The so-called grocery rebate will not come close to covering the rising cost of food that the inflationary Liberal deficits and tax hikes have caused. The “Canada Food Price Report 2023” predicts that a family of four will spend up to $1,065 more on food this year.
We must bring home a country where people bring home powerful paycheques. Canada must work for the people who have done the work. Conservatives will bring home powerful paycheques, with lower taxes. We will scrap the carbon tax so hard work pays off again. We will bring home lower prices by ending the inflationary debts and deficits that drive inflation. We will make sure that homes are affordable for young Canadians again. That is what Conservatives will do.
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- Apr/27/23 12:14:44 p.m.
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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?
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- Nov/24/22 3:04:11 p.m.
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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?
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Madam Speaker, removing interest from student loans is a laudable goal, but we have to put things in context of the times in which we live. The government has spent and is in deficit over $500 billion in the last two years. Now is the time for an iota of fiscal responsibility. We need to rein things in a little so that we can afford to do the things that my colleagues in the NDP want to do, but we are not at that spot right now.
It reminds of Margaret Thatcher's old saying, “the problem with socialism is that eventually you run out of other people's money”. That is what has happened. We have run out, and it is time for a little fiscal discipline.
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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.
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- Oct/21/22 12:03:05 p.m.
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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?
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