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House Hansard - 41

44th Parl. 1st Sess.
March 4, 2022 10:00AM
Context: House Hansard - 41 - Mar/4/22
Mr. Gabriel Ste-Marie
  • Mar/4/22 10:30:27 a.m.
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  • Re: Bill C-8 
Mr. Speaker, I thank my esteemed colleague from Sarnia—Lambton for her question. Bill C-8 provides funding for COVID-19 tests. Ottawa is going to pay for COVID-19 tests and send them to the provinces. We want transparency and the ability to follow up. We naturally agree with this necessary expenditure. However, it reminds us that Ottawa is not contributing its share to health care. In the 1990s, the Liberal government decided to fix its deficit problem by reducing transfers to the provinces. Since then, Ottawa's revenues have far exceeded the services it provides. Health care funding must be rebalanced. We do not want conditions, we want money now.
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Context: House Hansard - 41 - Mar/4/22
Mr. Bernard Généreux (Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, CPC)
  • Mar/4/22 11:40:24 a.m.
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Mr. Speaker, for the past few days, the cost of gas in Rivière‑du‑Loup has been more than $1.85 a litre. The cost of groceries will jump by more than $1,000 over the next year. That has been announced. This year, costs are spiking everywhere, and I am talking about just those two things. I am not even talking about housing. With the $500‑billion deficit that the government added to our country's debt, inflation just keeps on climbing. When will the government start to address inflation?
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Context: House Hansard - 41 - Mar/4/22
Mr. Adam Chambers
  • Mar/4/22 1:11:00 p.m.
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  • Re: Bill C-8 
Mr. Speaker, I thank my hon. colleague for Central Okanagan—Similkameen—Nicola. It is wonderful working on the finance committee, and I am learning a lot from him. With respect to the interest charges on debt, we absolutely need to worry about this. One of the justifications for the government's spending using deficit financing early on in its mandate was that interest charges were so low. They told us not to worry. Now we see challenges with interest rates going up, and we know that they are going to continue to increase. Now, as my hon. colleague has mentioned, we see that there is maybe a $6-billion additional cost that otherwise was not considered. Where is that $6 billion coming from? Of course, we could continue to borrow the money, but eventually my grandchildren, who are not even born yet, will be bearing that cost. I think that we need to consider this very closely.
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