- 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/27/24 2:21:45 p.m.
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Mr. Speaker, after nine years, the NDP-Liberal Prime Minister is not worth the cost of mortgages, 76% of which will become more expensive over the next three years, according to the federal banking regulator, OSFI. This, after the Prime Minister said rates would stay low for long. We know that his massive government deficits have driven rates up two percentage points higher than they otherwise would be, according to Scotiabank.
Will he accept my common-sense, dollar-for-dollar plan to cap spending and cut waste to bring down interest rates so Canadians can keep their homes?
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- May/1/24 3:13:39 p.m.
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Mr. Speaker, we actually have the highest mortgage debt of any country in the G7, and by far. It is higher, as a share of our economy, than the Americans had during the mortgage meltdown. Now, interest rates are higher and families risk losing their homes. Government deficits push inflation and interest rates higher, and that makes the problem worse. Therefore, once again, how much would $300 billion of yet more debt add in mortgage payments for the average Canadian family? How much?
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- Apr/18/24 10:27:14 a.m.
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- Re: Bill C-5
After nine years, he has doubled the cost of housing, doubled the down payment needed to buy a home and doubled the mortgage payment for an average home. Let us not forget that nine years ago, the average down payment was around $20,000. I remember because I was the minister responsible for housing at the time and it was possible to buy a home with a modest down payment of $20,000. Now, the down payment that is needed has doubled. Roughly 64% of the average monthly income is needed to pay the monthly costs associated with housing. That is nearly double what it was nine years ago. As a result, only the rich, only the children of the wealthy can buy a home right now.
“Do they want to live in a country where we make the investments we need in health care, in housing, in old age pensions, but we lack the political will to pay for them and choose instead to pass a ballooning debt on to our children?” I am quoting the Minister of Finance.
This Prime Minister is the one who doubled our national debt nine years after saying the budget would balance itself. He said he would run three small deficits totalling less than $10 billion. Now he has added nearly $700 billion to the debt, most of which has nothing to do with COVID-19 spending. He continues to rack up deficits of approximately $40 billion, three years after COVID-19. He can no longer say that the dog ate his homework and that the deficits are tied to COVID-19. He is choosing to go deeper and deeper into debt.
I would like to tell the minister that we do not want to live in a country where we leave our children with a growing debt, but that is the country we now live in after nine years under this prime minister.
“Do they want to live in a country where those at the very top live lives of luxury but must do so in gated communities behind ever-higher fences using private health care and private planes because the public sphere is so degraded and the wrath of the vast majority of their less-privileged compatriots burns so hot?” I am again quoting the finance minister.
That is the country that we are living in now after nine years under this Prime Minister. Yes, the wealthy, like him, have private planes. He uses his private plane more than anyone else, while he is forcing single parent mothers who dare to drive their Toyota Corolla to pay a carbon tax. He is spending taxpayers' money to take illegal vacations on private islands. He and his cronies are the ones benefiting from this, while things on our streets and in our neighbourhoods are worse than they have ever been. It is complete chaos. Auto theft has become so commonplace that the police are telling people to leave their keys next to the door so that the thieves will have an easier time of it. That is the country that we are living in after nine years under this Prime Minister.
Minister, do we want to live in a country where we can tell the size of one's paycheque by their smile? No, but that is the country we live in. Do we want kids to go to school hungry? No, but the government says that is the country we live in now. Do we want to live in a country where the only young people who can buy a home are those with rich parents? No, but that is the country we now live in after nine years of this Prime Minister. Do we want to live in a country where our children are saddled with more and more debt year after year? No, but that is the country we now live in after nine years of this Prime Minister. Do we want to live in a country where the rich, like this Prime Minister, can travel around the world in private jets, while the majority live in the chaos and hell of our crime-ridden cities? No, but that is the country we now live in.
We do not want that kind of country. That is exactly why we need an election to elect a new common-sense government, a government that will deliver the country we love for all Canadians.
Just for a minute, let us talk about the myth that they are very rich. Nine years ago, members will recall, the Prime Minister said that he was going to spend, spend, spend, that it would not cost anyone a cent, and that some rich guy on a hill was going to pay all the bills. Where is he?
After nine years of this government, the rich are paying less than ever. After nine years of this Prime Minister, and for the first time in our history, owning a home is beyond the reach of an entire generation. After nine years of this Prime Minister's promises to help the so-called middle class, the middle class no longer exists. The middle class is poor.
If anyone thinks I am exaggerating, I have one simple question: Can a middle-class person afford to buy a house today? It is mathematically impossible for a middle-class person to buy an average home. I am not the one saying it. According to the Royal Bank of Canada, it takes 63% of the average family's pre-tax income to pay the average costs of a home today. It is a mathematical impossibility. Nine years ago, it took 38% of a monthly paycheque to pay the mortgage. Now, it takes twice as much.
If someone cannot buy a house, they are not part of the middle class. One in four families cannot feed their own children—one in four, and that is from the government's own statistics. That family is not part of the middle class either.
Yesterday's budget tabled by the Finance Minister was a major admission of failure. She admitted that after nine years of her government, life is hell for the so-called middle class. Middle-class Canadians have become Canada's poor. This Prime Minister has presided over the worst decline in middle-class quality of life in the history of our country. Things may even be worse than during the Great Depression. That is not me saying this, that is the minister herself and the Prime Minister.
When the Prime Minister talks about the condition this country is in, he describes it as a living hell for the poor and for workers. He describes a hell for the children who do not have enough food to eat. He describes a country where the elderly cannot pay their bills.
It is as though he has not been Prime Minister for a decade. Waving a magic wand, he tries to convince us that this is his first day on the job. After nine years, the Prime Minister is right: Life is hell for the middle class, and it is because we have a Prime Minister who is not worth the cost.
Fortunately, it was not like that before this Prime Minister and it will not be like that after this Prime Minister. We will replace him with a common-sense government that will lower taxes, build housing, fix the budget and stop the crime. I will explain how we will do this.
First, Canadians pay more in tax than they spend on food, housing and clothing. That is how things are after nine years of this costly government. That is why the trend must be reversed. Spending must be brought under control so that taxes can be lowered and Canadians' paycheques can go farther. Workers, businesspeople and seniors must be allowed to keep more of their hard-earned money.
Second, more housing must be built. After nine years of this Prime Minister, we have less housing per capita than any other G7 country. That is because we have the worst bureaucracy. Our bureaucracy prevents housing construction, adds hundreds of thousands of dollars to the cost of each home and causes years-long delays. Among OECD countries, Canada is the second slowest to issue building permits. This adds $1.3 million to the price of each new home in Vancouver and $350,000 in Toronto. The City of Montreal prevented the construction of 25,000 homes. The City of Winnipeg prevented the construction of 2,000 homes next to a public transit station built specifically for these future houses. That is absurd. The federal government should not be sending $5 billion to municipal governments for them to build bureaucracies that prevent home building.
On the contrary, we must begin to encourage municipalities to allow more construction by freeing up land and authorizing construction more rapidly. Real estate companies are paid for each house sold. Builders are paid for each house built. We should pay municipalities for each housing unit approved. My common sense plan will require municipalities to allow 15% more construction per year and authorize the construction of high rise apartment buildings near transit stations funded by the federal government. That will be the condition to meet to receive this money.
We will do this by entering into agreements with the provinces, fully respecting their areas of jurisdiction and allowing them to achieve these results as they see fit, without federal interference. Then we are going to sell 6,000 buildings and thousands of acres of federal land to allow for more construction. We will also reduce taxes on housing construction to accelerate construction. This is a common-sense plan to return to a situation where housing is affordable, as it was nine years ago, when I was the minister responsible for housing.
Third, we are going to fix the budget by imposing a dollar-for-dollar rule. For each new dollar spent, my government will find a dollar of savings somewhere else. That is how we cap the cost of government to allow taxpayers and the economy to grow and reduce the size of the government relative to the country.
It is a decentralizing and responsible approach. This is how we will eventually balance the budget, reduce interest rates and bring down inflation.
I find it very ironic that the Bloc Québécois has voted more than once to increase the size of the federal government. It voted in favour of $500 billion in centralizing, inflationary and discretionary spending by the current Prime Minister. I am talking about the kind of spending that increased the size of the government and the number of federal employees by 40%. The Bloc Québécois voted to double spending for external consultants, who now cost $21 billion, in other words, $1,400 in taxes for each Quebec family just for consultants.
We understand why this Liberal centralist government would want to do that, but we do not understand why a so-called sovereigntist party would vote for such an increase and concentration of powers and money at the federal level. It makes no sense. It is because the Bloc Québécois does not want to free Quebeckers from federal costs. It wants to implement a leftist ideology born on the Plateau Mont-Royal. It just wants a bigger role for government, whether federal, provincial or municipal. The Bloc Québécois's leader is obsessed with more government, more costs for workers. We Conservatives want a smaller federal government for a bigger Quebec. We want less control by Ottawa and more power for Quebeckers. A smaller federal government for a bigger Quebec is simple common sense. We are the only party that will be able to do it.
At the same time, we need to eliminate inflation, which widens the gap between the rich and the poor. A monetary system of printing money naturally favours the wealthy. It is something the Prime Minister borrowed from the United States. The United States' monetary policy causes inflation year after year to inflate Washington's spending and to inflate shares on Wall Street. It is an alliance between Wall Street and Washington, between big companies and big government. Of course, it favours the wealthy. The people who live in Manhattan and Washington are the richest people in the country. This is due in part to the fact that the United States prints a lot of money to help both groups.
Here in Canada, for the first time, a Prime Minister tried to copy and paste that approach by printing $600 billion to finance his own spending. It caused the worst inflation since the time of his father, who did the same thing. What are the consequences? Those who have shares or investments in land that is ripe for speculation, in gold, or in exclusive luxury wines get richer. The value of their assets is inflated. Conversely, people who rely on a paycheque or pension get poorer. The value of their paycheque diminishes. It is a transfer of wealth from the poorest to the richest, and it is a benefit that often goes untaxed.
It is a benefit the Prime Minister keeps adding to day after day, causing this inflation. I would add that the people who receive these big financial gifts from governments often pay no taxes at all because they never sell their assets. They borrow money by using their assets as collateral to purchase more assets, whose value swells more with inflation, and then they use those assets to purchase even more assets, and so on. Wealth becomes concentrated in the hands of the infamous 1% or 0.1% of the population. This trend has been accelerating since the Prime Minister came to power, because it helps the wealthiest Canadians and also allows his government to indulge in uncontrolled spending. Both sides get what they want. The Prime Minister can spend the money he prints out of thin air, and the wealthiest benefit from the inflation of the value of their assets and their wealth. It is always the working class that ends up footing the bill for this irresponsible approach.
I will put an end to that. I will restore the Bank of Canada's mandate, which is to keep inflation low and the dollar higher. We will make sure that we do not print money just to spend it, because that is an inflation tax. It is an unjust and amoral tax. I will axe the inflation tax by fixing the budget. I want people to bring home more powerful paycheques.
Speaking of home, home is more dangerous after nine years of this Prime Minister, who automatically releases criminals on bail or allows them to be sentenced to house arrest, the “Netflix sentences” that he implemented with bills C-5, C-75 and C-83. These laws have allowed people to be released mere hours after their arrest so that they could commit more crimes. That is why street crime is surging all across Canada.
Yesterday we heard reports of a major shootout in downtown Montreal. There has been a more than 100% increase in the number of car thefts in Montreal, Toronto and other major cities. My common-sense plan will keep the most dangerous criminals in prison by making those with dozens of convictions ineligible for bail, getting rid of “Netflix sentences,” forcing car thieves to serve their sentences in prison, and not going after our hunters and sport shooters. If someone has a gun they bought legally after going through an RCMP background check, receiving training and passing tests to prove that they are a safe, responsible person, they will be able to keep it. However, if they are criminals, we will stop them from having guns. We will strengthen the border and our ports. We will scan containers to make sure that no weapons or drugs enter the country and that no stolen vehicles leave. That is the common sense needed to stop the crime and make our communities safe again.
We are going to implement a common-sense plan that will rebuild the country that we want, a country that is the opposite of what the Minister of Finance described in her speech. It will be a country where it pays to work, where everyone who works hard can afford to buy a home and put food on the table in a safe neighbourhood. That is what Canadians are entitled to and deserve, and that is what they will have with a common-sense government.
Some hon. members: Oh, oh!
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- Apr/18/24 10:20:49 a.m.
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Madam Speaker, after nine years and nine deficit budgets, the Prime Minister has doubled the national debt. He has added more to our debt than all the other prime ministers combined.
He has doubled the cost of housing and forced two million people to rely on food banks. Now, he is presenting a budget with $50 billion in additional inflationary spending, while repeating the same election promises he has failed to keep for a decade. That is why this budget and this Prime Minister are not worth the cost. We will be voting against this budget to show the government that we have lost confidence in it.
The Conservative Party has a common-sense plan: axe the tax, build the homes, fix the budget and stop the crime. Before I get into my common-sense plan, I would like to pay the Minister of Finance a compliment for asking Canada’s wealthiest some very good questions. She said, “I would like to ask Canada's 1%, Canada's 0.1%, to consider this: What kind of country do they want to live in?”
First, it bears mentioning that the minister and her leader do recognize that Canada's 0.1% are doing very well indeed after nine years of this Liberal government. They have benefited from enormous corporate handouts and grants—the biggest in the history of our country, in fact. They have received massive loan guarantees that protect them against losses from poor investments, which means that working class Canadians are left holding the bag. Millionaire businessmen like the GC Strategies contractors are surely part of the wealthiest 0.1% thanks to the gifts given them by this Prime Minister, such as the 100% increase in the number of outside contracts. In addition, by printing $600 billion of new money, this government made billionaires even richer. Lastly, the Prime Minister is a member of the 0.1%, since he inherited millions of dollars from his grandfather and placed the money in a trust that shelters it from taxes and protects it, just like those billionaires who invite him to their private island in the Caribbean. It was therefore a very good idea to put this question to the wealthiest 0.1% who are doing better than ever after nine years under this prime minister.
I am going to quote other questions that the minister asked them, including the following: “Do they want to live in a country where we can tell the size of one's paycheque by their smile?” After nine years of rising taxes, inflation and interest rates, Canadians are no longer smiling when they look at their paycheque, because it is disappearing. After nine years, Canada has the lowest personal income growth of any G7 country. Our GDP per capita is down from what it was five years ago. People have no reason to smile. Their paycheque does not buy them as much food or cover as much of their housing as it did nine years ago.
The minister also asked, “Do they want to live in a country where kids go to school hungry?” Obviously, the answer is no. However, that is the reality after nine years of this Prime Minister. According to the documents published by his own government, the Prime Minister admits that nearly one in four children go to school without food every day. After nine years of this Prime Minister, who taxes the farmers who produce our food and the truckers who deliver our food, a quarter of all children do not have enough to eat. We see today in the budget a promise to feed them. That promise was made in 2021, three years ago. How many meals have been provided since? Not a single one has been provided. After nine years of this Prime Minister, our children are going hungry.
The minister also asked, “Do they want to live in a country where the only young Canadians who can buy their own homes are those with parents who can help with the down payment?” That is the country we live in now, after nine years of this Prime Minister.
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- Apr/17/24 2:26:39 p.m.
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Mr. Speaker, this is the ninth deficit in nine years under this Prime Minister. He is not worth the cost, just like always.
He admits that Canada is not a fair country for our young generations after nine years under his government, which doubled the cost of housing, doubled rents and doubled the national debt.
Why does he expect a different result when he is using the same failed approach?
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- Apr/16/24 4:50:41 p.m.
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Mr. Speaker, for the ninth time, the Prime Minister promised that if he spent more and taxed more, Canadians would be better off. For the ninth time, we see that quality of life declined, especially for the middle class he is always talking about.
The cost of rent doubled, and then there were big government programs for affordable housing. According to the government itself, one in four children do not have enough to eat, even after programs were created to make food affordable.
Furthermore, the government talks about a state-funded pipeline like it is the biggest accomplishment there could be in a society. If the government had not gotten involved, it never would have happened. This is a project that is 500% more expensive than planned. The money to buy the project went to Texas. This is another example of massive waste.
That is why common-sense Conservatives are going to vote against the budget and in favour of an election that will allow Canadians to choose a party that will axe the tax, build the homes, fix the budget and stop the crime. That is common sense.
Here we have, today, a ninth consecutive deficit, with the budget still not balancing itself. Everything on which the Prime Minister spends gets worse and gets more costly. He is spent and Canadians are broke. The country is broken.
We have a doubling of housing costs. We have 8,000 people joining a Facebook group to study how they can get a meal out of a garbage can after food prices have gone up faster than at any time in a generation because of the carbon tax he is imposing on our food, a carbon tax that, with the help of the NDP, he plans to quadruple to 61¢ a litre.
Today, did he learn anything from these catastrophic failures? No. He doubles down on the same failure, with $40 billion of new deficits and $40 billion of new spending, and that is to say, it is $2,400 for every family in new debt and in new inflationary spending. Now, for the first time in a generation, we are spending more on debt interest than on health care. That is money for bankers and bondholders rather than doctors and nurses.
The great example of how wonderful government can be, given after a tremendous theatrical pause, was the government's purchase of the Trans Mountain pipeline. What would have happened if the government had just gotten out of the way, asked the finance minister.
The answer is that the thing would have been built with private money rather than $30 billion of taxpayer bailouts. In fact, a project the Prime Minister said would cost $5 billion is up to $30 billion. That is 500% over budget. It is $2,000 in costs for every single Canadian family for a project that the private sector was going to be building on its own. The company that was going to build it was bought out, and it took the money to Texas, where it is building Texan pipelines with Canadian dollars. All of our exes are in Texas.
Then, to close it off, we have got some of the most hair-raising, ideological fervour from the minister, who says that what Canadians really need is a stronger government. They have created a stronger government in order to make for weaker and more suffering people. This is not a government that gives people everything they want; it is a government that takes everything they have.
The good news is that we want big Canadian citizens with a smaller and more efficient government, where the state is servant and not master, where our priorities are clear, to axe the tax, build the homes, fix the budget and stop the crime.
As soon as the NDP takes away its support from the Prime Minister, we will have a carbon tax election, where the people will be able to make that decision for themselves, in a country where they can earn powerful paycheques that buy affordable food, gas and homes in safe neighbourhoods, the country that we all knew and that we still love, a country based on the common sense of the common people, united for our common home: their home, my home, our home. Let us bring it home.
I now move:
That the debate be now adjourned.
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- Apr/16/24 4:40:12 p.m.
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Mr. Speaker, this is the ninth deficit budget since the Prime Minister said that budgets balance themselves. Everything he spends money on only gets worse.
He promised that these deficits would make housing affordable. Then rent, mortgage payments and down payments for buying a home doubled.
He said that food would become more affordable. Now it costs 30% more, and one in four children do not have access to a nutritious meal.
After nine deficits, the government is rich and the people are poor.
Today, he is doing much the same with a $40-billion inflationary deficit in new spending, which is the equivalent of $2,400 in inflation for every family. We are spending more on interest on the national debt than we are on health.
That is why common-sense Conservatives will be voting against this pyromaniac firefighter who is pouring fuel instead of water on the inflationary fire he has set.
This is the ninth deficit after the Prime Minister promised the budget would balance itself, and what did he do with the money? Everything he has spent on has become more expensive. He has doubled the rent, doubled mortgage payments, doubled the needed down payment for a home and forced 3,500 homeless encampments. In Halifax alone, one in four kids cannot afford food, and now he is adding $40 billion of new debt and new spending, which is $2,400 of new inflation.
That is why Conservatives will vote against this wasteful inflationary budget, which is like a pyromaniac spraying gas on the inflationary fire that he lit. It is getting too hot and too expensive for Canadians, and that is why we need a carbon tax election to replace him with a common-sense Conservative government.
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- Apr/16/24 2:18:58 p.m.
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Mr. Speaker, common-sense Conservatives are going to axe the tax, build the homes, fix the budget and stop the crime.
Then, in contrast, there is this Prime Minister, who is not worth the cost. After eight years, he has spent huge amounts of money with massive deficits and tax hikes, telling Canadians that someone else will pay.
It is never the millionaire prime minister or his billionaire friends who pay. It is always welders, single mothers and seniors who face rising food costs and doubled housing costs.
Why should today be any different?
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- Apr/15/24 2:22:51 p.m.
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Mr. Speaker, we cannot see the value of homes and food that do not exist after eight years. The Liberals have a food program that, after eight years, has no food, and an affordable housing program that has doubled housing costs. They are not worth the cost, and now their deficits are driving up the interest obligations for the average family. For a family with a $500,000 mortgage, deficits are adding 10 grand in additional interest payments per year. When will they realize that, after eight years, this NDP-Liberal Prime Minister is not worth the cost?
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- Apr/15/24 2:21:33 p.m.
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Mr. Speaker, common-sense Conservatives will axe the tax, build the homes, fix the budget and stop the crime. This Prime Minister is not worth the cost of interest.
According to Scotiabank, the Prime Minister's deficits are adding two full percentage points extra in interest costs for the average family. That works out to about $6,000 for a modest mortgage of $300,000. That is six grand in extra mortgage payments from these deficits alone. Will they finally wake up to the fact that this NDP-Liberal Prime Minister is not worth the cost?
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- Apr/15/24 2:20:10 p.m.
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Mr. Speaker, the minister talks about incompetence, yet he is the one who has lost a million Canadians and is the worst immigration minister in our country's history. His own Prime Minister even admitted that his management of the immigration system has been out of control. They say that is why the cost of housing has doubled. Now they are inflating costs even more. Inflationary deficits have added two percentage points to interest rates, which works out to $6,000 for a family with a $300,000 mortgage.
Will the government reduce the deficit, cut interest rates so Canadians can keep their homes?
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- Apr/10/24 2:26:27 p.m.
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Mr. Speaker, every day is not a great day when someone is living in a tent city or has had their mortgage double, or when they are part of a family for whom one in four children cannot get enough food, and the Liberals put forward a food program that does not have any food.
Instead, what they have done is doubled the national debt and driven up interest rates. Today we learned that the Bank of Canada is unable to bring rates down because the Prime Minister continues to make massive multi-billion-dollar inflationary spending.
Why will the Prime Minister not follow my common-sense plan to bring down the deficit and the rates?
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- Apr/8/24 2:23:12 p.m.
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Mr. Speaker, while the common-sense Conservatives want to fix the budget to bring down inflation and interest rates, the Prime Minister is not worth the cost of mortgages.
According to Scotiabank's chief economist, this Prime Minister's inflationary deficits are increasing interest rates by 2% and preventing the Bank of Canada from lowering them. Canadians could lose their homes because of big multi-billion dollar announcements of inflationary spending. Will the Prime Minister acknowledge that this spending and these mortgages are not worth the cost?
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- Mar/20/24 2:24:53 p.m.
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Mr. Speaker, common-sense Conservatives have a plan to axe the tax, build the homes, fix the budget and stop the crime. However, the costly Prime Minister, with the support of the Bloc Québécois, is making inflation rise with his taxes and inflationary deficits. He wants more tax hikes on April 1.
Will the Prime Minister bring down his inflationary deficits and taxes, or will he have to be defeated with a non-confidence vote and an election over taxes?
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- Mar/18/24 2:20:47 p.m.
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Mr. Speaker, there seems to have been some misinterpretation. The question was about the forestry sector, which the Prime Minister wants to shut down with a decree that oversteps Quebec's jurisdiction, while the common-sense Conservatives want to stand up for workers.
Another headline in the Journal de Montréal reads, “‘These people are starving’: Police forced to respond to at least two organizations distributing food hampers”.
Why is the Prime Minister forcing people to use food banks with his taxes and inflationary deficits?
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- Feb/7/24 2:23:33 p.m.
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Mr. Speaker, after eight years, this Prime Minister is not worth the cost of housing, which has doubled since he promised to make it more affordable. In fact, we have now learned that, according to Rentals.ca, rent has increased by more than 20% in two years across the country. In other words, it costs nearly $400 more.
Will the Prime Minister cancel his policies that caused the crisis, stop funding the bureaucrats who are preventing construction and eliminate the deficits to lower interest rates?
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- Dec/11/23 2:20:15 p.m.
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Mr. Speaker, the Prime Minister and the Bloc Québécois, along with their carbon tax, are not worth the cost for Quebeckers. Reports now indicate that the average family will have to spend an extra $700 on food next year. That is the result of the most staggering increase in food prices in 40 years. That is what we get with these taxes that the Bloc Québécois wants to drastically increase.
Will the Prime Minister follow my common-sense plan to eliminate inflationary taxes and deficits so Quebeckers and Canadians can eat?
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- Nov/30/23 2:40:07 p.m.
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Mr. Speaker, after eight years, we have entered the next phase of the Prime Minister's economic misery. We have seen “just inflation”, and today we have learned that Canada is in a state of stagflation as our economy has shrunk by 1.1% in the most recent quarter while the American economy boomed at 5%. This is the result of high taxes, big deficits and crippling red tape. At the same time as prices are rising for Canadians, their wages are falling. The economy is now smaller than it was on a per capita basis five years ago.
Why is the American economy roaring while the Prime Minister's economy is snoring?
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- Nov/30/23 2:37:25 p.m.
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Mr. Speaker, after eight years, the Prime Minister has sucked the joy out of Christmas for children and replaced it with misery. Across Quebec, 27,000 youngsters have asked for a gift as part of the 29th annual Opération Père Noël. One of the letters reads, “I'm 13 years old and I would like a gift card to buy something so we can have a good meal on Christmas.” The fact that young people are asking for boots and snowsuits is unheard of, according to the co-ordinator.
When will the Prime Minister reverse his inflationary taxes and deficits so our children can experience the joy of Christmas?
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- Nov/29/23 2:31:14 p.m.
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Mr. Speaker, never has a prime minister been so ashamed of his own economic update that he wants to avoid talking about it for the week that follows, and we can understand why. Next year, the Prime Minister wants to spend $53 billion on debt interest, a record-smashing amount that is higher than the amount we spend on health care. It works out to $3,000 for every Canadian family. According to the Bank of Nova Scotia, this is going to increase interest rates by two full percentage points, or $700 a year, directly attributable to the government's deficit spending.
Will the Prime Minister get control of himself and his spending so Canadians can get control of their mortgage costs?
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