SoVote

Decentralized Democracy

House Hansard - 56

44th Parl. 1st Sess.
April 8, 2022 10:00AM
Context: House Hansard - 56 - Apr/8/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/8/22 11:33:07 a.m.
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Mr. Speaker, Canada has the strongest labour market recovery in the G7, having recouped 115% of the jobs lost during the pandemic. This includes 73,000 jobs in March, which has pushed Canada's unemployment rate to 5.3%. That is the lowest unemployment rate that Canada has seen in more than 50 years. Budget 2022 builds on this success by unwinding Canada's pandemic deficits and continuing to reduce our debt-to-GDP ratio, while working to fight climate change and, yes, investing in housing affordability.
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Context: House Hansard - 56 - Apr/8/22
Ms. Rachel Bendayan (Parliamentary Secretary to the Minister of Tourism and Associate Minister of Finance, Lib.)
  • Apr/8/22 11:51:12 a.m.
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Mr. Speaker, we are lowering the debt. Our net debt-to-GDP ratio is consistently declining, as evidenced by this budget. We continue to have the best fiscal balance sheet among countries right across the G7. I would remind my colleague, when she talks about growth, that she is actually downplaying the incredible growth Canadians are creating in our country. There was 6.7% growth in Q4. I would like the members opposite to acknowledge the importance of our incredible fiscal track. What my colleague is doing is denying— Some hon. members: Oh, oh!
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Context: House Hansard - 56 - Apr/8/22
Mr. Daniel Blaikie
  • Apr/8/22 12:55:45 p.m.
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Mr. Speaker, I talked a little earlier about the polarizing nature of political debate. In the last week or so, there has been a tendency to think one is either on board with spending 2% of GDP on defence spending, which would represent about $25 billion a year every year going forward, or one is not in favour of any defence spending at all. That is a false dichotomy. What New Democrats have always said is that our men and women in uniform need the equipment and skills to do what they are asked to do. We saw them deployed during the pandemic to our long-term care facilities. We have seen them deployed domestically and internationally in response to natural disasters or humanitarian crises. These are things they need the equipment to be able to do. It is no secret to anyone that there has been an incredible inability by governments of both stripes to be able to procure new equipment for our defence forces. We do support some spending in order to get them the equipment they need. We are very skeptical about 2% of GDP as the right amount. Clearly, we have priorities like dental care, pharmacare and other things we think should take precedence over that much of an increase in defence spending. We are not opposed to some increases in defence spending, but we are adamant that 2% of GDP is more than we ought to be affording for defence spending at this time, given all the other pressing demands on the shoulders of Canadians.
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