SoVote

Decentralized Democracy

Member of Parliament

Ben Lobb

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Huron—Bruce
  • Ontario
  • Voting Attendance: 66%
  • Expenses Last Quarter: $120,348.62

  • Government Page
Context: House Hansard - 305 - Apr/30/24
Mr. Ben Lobb (Huron—Bruce, CPC)
  • Apr/30/24 3:58:13 p.m.
  • Watch
Madam Speaker, I would like to echo the question that the member from Calgary just asked about being in the riding. I was not in his riding; I was in my own. However, in all the years I have been involved in politics, I think I have never had such an outpouring of negative commentary about the current state of affairs and the current government. Likely, if they were in their riding last week, all 338 MPs heard the same thing. This budget is called “Fairness for Every Generation”, and I would argue that it has been many generations since life has felt this unfair, if members hear what I am saying. I would think the reason is that every age group has been negatively impacted by the current government over the last nine years. Seniors who retired within the last 10 years, who had saved money, who had paid off their home and who figured their money would last them until they no longer needed it, are now in peril. That is now, for the first time, a question mark. Will they have enough to retire? Maybe a place where they are paying rent, if they sold their home and moved into an apartment or wherever they chose to live, was $1,200 or $1,500 a month. In my area, for example, it is over $2,000 a month now. A number of different components of high government spending have negatively impacted seniors. For families, whether it is a couple looking to have kids or a couple who has kids, whatever the kids' ages are, there are unbelievable skyrocketing costs. For people driving their kids back and forth to hockey, baseball, soccer or whatever they are doing, it is monumental how much things cost now. High government spending, out-of-control deficits, out-of-control debt and increasing interest rates have led to probably the most unfair period of time, at least in my lifetime and likely beyond that. Back in 2015, this is what former prime minister Stephen Harper wrote about what the Liberals would do: “Permanent deficits, higher taxes, and more debt, as proposed by the Liberals and the NDP, will wreck our economy, cost you money and possibly your job.” Can members imagine? He said that over nine years ago. He predicted this. He knew what the Prime Minister and his staff behind him, pushing all the buttons, would do. They were going to spend, spend, spend and destroy 20 years' worth of fiscal stewardship that would have led Canada to be among the elite in the world. That is what Stephen Harper said in 2015. He also said that “imposing carbon [tax] schemes” would “[drive] up the price of everything Canadian families buy—including gasoline, groceries, and home heating fuel. It is easy for us to be the Monday-morning quarterback now and say “of course this is what has happened”, but this is what Stephen Harper said nine years ago. He knew all this was going to happen. It was very obvious. The Liberals have done that. They have increased costs. I was at an annual general meeting earlier in the year, and the president and general manager of the co-op was commenting on the price of fuel, because the co-op sells fuel. It also sells propane to people who heat their homes with propane and to farmers as well. The general manager looks at the bills to see how bad they are. He was not making a political statement because I was there; he does not owe me anything. All he said was that, from his perspective, the single biggest and kindest thing the government could do for families in Huron—Bruce and across the country would be to get rid of the carbon tax and come right off it. However, the Liberals continue to pile-drive on Canadian families and price people right out of homes. In fact, Liberal members of Parliament are getting up and giving speeches admitting that constituents in their riding who would have been able to afford homes 15 years ago cannot afford homes now. They are living in basements. One Liberal member of Parliament said as much. I would also like to go back in time to when Jim Flaherty was the finance minister. He was probably amongst the best finance ministers of all time, if not the best. When he would deliver his budget, it was called an economic action plan. It was a plan to boost productivity, make economic gain, keep an eye on the government's finances, look at trade deals and grow the wealth of all Canadians. We have all heard the story about the high tide that lifts all boats and makes everybody do better. That is really what a Jim Flaherty budget was about. We are so far from that today. If we go back in time to when Jim Flaherty was the finance minister, a young couple could buy a home. They could afford the down payment. They could see the day down the road when they could likely retire. Their parents, who were in their fifties at the time, could also see the day they could retire. That is now all up in smoke because of nine years of high-flying spending. Pretty well everybody in here knows this by now, I would imagine, but we might as well review. When the Liberals were elected and were brought in, there was a balanced budget. There was a modest surplus after the great economic downturn of 2007, 2008 and 2009. There was approximately $600 billion in government debt. Today, the gross debt of this country is perilously close to $2 trillion. That is unbelievable. It is a blemish that will be on the government's legacy for all time. There is a deficit of $47 billion, which will go up between now and the end of the fiscal year for sure. With respect to the debt-to-GDP ratio, in 2015, it was 31% and was coming down. It was 32% or 33% the year before, and it went down to 31%. Now our debt-to-GDP ratio, according to the numbers, is 42%. It is not quite a 50% disaster, but it is definitely going in the wrong direction. I know the finance minister always says that when we compare it to the other G7 countries, we look great. If we are comparing ourselves to the worst managers of finance, maybe we do look good, I do not know, but I would not compare myself to the United States fiscally. I would not compare Canada's finances to those of Japan. Its finances are toast. It is manipulating its currency and interest rates. The United States has $34 trillion in debt. When Bill Clinton left office 20-something years ago, it was at $7 trillion and it was on its way to paying off all the debt. That is gone. It is adding a trillion dollars of debt every quarter. That is called a debt, or death, spiral. This is a perilous time. The finance minister should not say that we look great compared with the other G7 countries, because we should be comparing ourselves to what it looked like eight or nine years ago and be ashamed of our fiscal record. That is what she should look at. It is kind of like one's golf game. We do not compare it to our buddies' games, but to our own. Another thing we have heard about is the AAA credit rating. RBC just said that Canada's AAA rating is in trouble because of the spending; it can be downgraded. B.C. has been downgraded three times in three years and now sits at an AA-. The last point I will make before I turn it over is that we are entering into a period of what I call the trifecta of trouble because of this. We have backed ourselves into a corner with inflation, interest rates, mortgage rates and the Canadian dollar. If we have to raise rates because inflation is a little sticky, then the interest rates are going up, which will further compress the housing problem, as well as the Canadian dollar. Maybe in questions and answers, we can look into that further. I appreciate the time and look forward to questions.
1411 words
  • Hear!
  • Rabble!
  • star_border