- Member of Parliament
- Leader of the Conservative Party of Canada
Leader of the Opposition
- Conservative
- Carleton
- Ontario
- Voting Attendance: 64%
- Expenses Last Quarter: $61,288.13
- Government Page
- May/1/24 3:15:22 p.m.
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Mr. Speaker, inflation and higher interest rates are the costs Canadians pay for the spending that the Prime Minister told them was free. It is not free. Nothing is free. Every dollar he spends comes out of the pockets of Canadians directly through taxes or indirectly through inflation and interest rates. Now he wants to do another $300 billion of binge borrowing.
Will he put aside that radical scheme and, instead, accept my common-sense plan to fix the budget with a dollar-for-dollar law so we can bring down interest rates and inflation for Canadians?
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- May/1/24 3:12:17 p.m.
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Mr. Speaker, the Prime Minister is not worth the cost of debt interest. He doubled our national debt, adding more debt than all previous prime ministers combined. Now, we learn in his new budget bill that he is going to seek another $300 billion of debt, money that he would borrow out of the economy. That is equal to over 10% of our GDP, which would surely put upward pressure on interest rates. How much would all this government binge borrowing add to the mortgage payment of the average family?
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- May/1/24 3:09:12 p.m.
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Mr. Speaker, families are already living in austerity. The government is living in abundance. The people are poor, the government is rich. The more the government spends, the more Canadians pay. Interest rates are high, and the government's spending and borrowing are driving them even higher.
Have finance department officials briefed the Prime Minister on how much higher borrowing an additional $300 billion will drive up interest rates on families' mortgages?
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- Oct/4/23 2:49:59 p.m.
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Mr. Speaker, the Prime Minister should be taking economics lessons from everyone.
This is a guy who said that budgets balance themselves, right before he doubled the debt. This is a guy who said he does not think about monetary policy, right before he led interest rates to rise faster than at any time in Canadian history. This is a guy who, until I told him, did not even know how much he was borrowing out of the Canadian economy. This is a guy who has doubled the rent, doubled mortgage payments and doubled the needed down payment.
It is about time he took some lessons. Why does he not go to the library and do a little bit of studying?
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- Oct/4/23 2:48:13 p.m.
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Mr. Speaker, he will not tell us the facts because he does not even know the facts.
This is a man who is going to borrow $421 billion this year. If the government bought 421 billion apples, the price of apples would go up. When it borrows $421 billion, the price of debt goes up in higher interest rates. That is why Canadians are paying 150% more on their mortgages.
How much will the government force Canadians to spend on national debt interest this year?
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- Oct/4/23 2:46:41 p.m.
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Mr. Speaker, the bond agencies he brags about are the same ones that were charged because they falsely claimed the subprime crisis would never happen in the United States of America.
Canadian households, after eight years of the Prime Minister, are more indebted than those in any other country in the entire G7. Interest rates have gone up faster than at any time in monetary history after eight years of the Prime Minister. All of this is driven by his massive addiction to borrowing.
The average barber or waitress knows how much they borrow. Does the Prime Minister, who is the head of a half-trillion-dollar government, even know how much he is borrowing out of the country this year?
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- Oct/4/23 2:45:18 p.m.
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Mr. Speaker, the question was “How much?” See, when the government borrows billions of dollars out of the economy, it bids up interest rates. Those interest rates have already ballooned faster under the Prime Minister than under any other in monetary history.
Once again, how much will the government borrow from the economy this year? I want just the number, please.
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- Oct/4/23 2:43:56 p.m.
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Mr. Speaker, after eight years of excuses, inflationary debt and taxes, food prices and mortgage prices are raging out of control. In fact, mortgage payments are up 150%. When the government borrows money and competes with Canadians for their mortgage rates, it drives up the cost of lending.
Will the Prime Minister tell Canadians how much his government will borrow this year? How much?
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