44th Parl. 1st Sess.
October 20, 2022 10:00AM
- Oct/20/22 2:20:29 p.m.
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Mr. Speaker, we have the lowest deficit and the lowest debt in the G7. We also introduced a budget that proposes to reduce government spending by $9 billion. We also have the highest growth in the G7.
While the Conservatives are busy playing petty politics, our government brought Rio Tinto to Sorel-Tracy. Our government brought Moderna to Montreal. We are the ones who are going to ensure the long-term resilience of our economy.
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- Oct/20/22 2:21:01 p.m.
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Mr. Speaker, what a flip-flop. After adding $100 billion of new debt before the first case of COVID, half-a-trillion dollars of debt before the Russian invasion of Ukraine, doubling the debt, adding more debt than all other prime ministers combined, now the Prime Minister's government is saying that it is going to cut $9 billion and even bring in my “pay-as-you-go” law to find savings for every new dollar of spending. However, it now admits that deficits add fuel to the inflationary fire. Can we really trust the arsonists who lit the fire to put it out?
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- Oct/20/22 2:31:50 p.m.
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Mr. Speaker, the finance minister had an epiphany after listening to the new Conservative leader's plan for ministers to find savings if they want to spend any new money. The only problem is that before COVID her government ran up $110 billion in debt, and before the Russian invasion added a half-trillion dollars to the debt. Of that, $200 billion was not even COVID spending. The government would rather blame everyone else than take responsibility for its homegrown inflation issue.
How can any Canadian trust the government to fix the inflation crisis it created?
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- Oct/20/22 2:32:28 p.m.
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Mr. Speaker, I am happy to address that member's question. For weeks now, the Leader of the Opposition has considered our pandemic spending frivolous. I respectfully disagree. I think the millions of Canadians who kept their jobs and stayed employed because of the CEWS disagree. I think the millions of Canadians who were able to feed their children because of the CERB disagree. I think the hundreds of thousands of businesses whose doors are still open today because of our investments would disagree.
Thank goodness we were here, because the Leader of the Opposition does not want to lead.
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- Oct/20/22 2:35:08 p.m.
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Mr. Speaker, if the government wants to run on its record, it is going to have to own up to its spending having helped drive inflation to 40-year highs. Canadians are having a hard time putting food on the table. Even the Bank of Canada says that inflation is a homegrown problem.
The Liberals promise to keep spending increases to 2% a year. Has the Deputy Prime Minister told the rest of cabinet about this new fiscal plan?
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- Oct/20/22 3:52:01 p.m.
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Mr. Speaker, I am pleased to take part in today's debate because this directly affects Canadians. If there is one thing on the minds of every Canadian family from coast to coast to coast, from British Columbia, to Manitoba, to Quebec, to Newfoundland or the Far North, it is inflation.
Unfortunately, things are not really getting better. The most recent figures show inflation hovering around 7%. That means a 7% increase in the general cost of just about everything. The area where inflation is hitting the hardest, where it is most directly and acutely affecting every Canadian family, is the cost of food. If there is one part of the budget that cannot really be cut, it is food, because it is essential.
I am laughing, but I do not find it funny, because Canadian families are really struggling. According to the latest figures, food prices have risen by more than 11.4%. These are goods that are considered essential, such as cereal products, which have risen by 18%, coffee, by 16.4%, bread, a basic product, by 15%, and fresh fruit, by 13%. Even more dramatically, the price of pasta has risen by 36% and, for those who like it, peanut butter, by 42%. With a 42% increase, I doubt anyone will want to try it. The reality for all Canadians is that inflation is skyrocketing.
It is important to understand that one of the things that is driving food prices up is the cost of shipping. Food does not fall from the sky. It must be transported. As we know, most products are transported by truck, and most trucks run on gas. This Liberal government's carbon tax is taking its toll. If the Liberal carbon tax were having any impact on reducing greenhouse gas emissions, we could call it a success, but that is not the case. The government has never met any of its targets for combatting or reducing greenhouse gas emissions. It is not working.
It is now the end of October, and it is starting to get cold. The Canadian winter is coming. Everyone in Canada knows that we use more heat in winter. Fully 3.8 million Canadians, or one in 10, use propane or traditional fuels such as oil. This affects a lot of people. When transportation is directly involved, it impacts heating and food. That is why the government must implement good, positive and constructive measures to tackle the problem of inflation.
This government is a little bit difficult to follow. Being the finance minister is no small role, yet we are increasingly seeing the Deputy Prime Minister and Minister of Finance beginning to act as the prime minister, the foreign affairs minister, the natural resources minister and the environment minister. In short, she is taking on all the roles and speaking to groups all over the world. That is how the government finds out what its new finance policy is. Even worse, the finance minister is completely contradicting the government's record. Today, she stated that her government's policies have had an impact on inflation. Unfortunately, she is right about that.
It is unfortunate because we have been saying for years that the Liberal government's policies have fuelled the inflation that is now hitting Canadians. When members talk about inflation, they often say that it is affecting the whole world. However, I would point out that inflation does not happen overnight. There are situations that fuel inflation, and this government has been demonstrating that for seven years and one day. The election was seven years ago. That is when this government was elected.
Let us not forget the big campaign promise that the government made about public finances in 2015. It said it would run three modest deficits and then achieve a zero deficit in 2019. What actually happened during that first term? It was three major deficits, followed by a fourth deficit.
That is the track record of this government, which got elected by promising to run three small deficits and then a zero deficit. That did not happen. On the contrary, the government increased the debt by over $100 million.
When the pandemic hit, the government started handing out money like drinks at an open bar. We understand that crises can occur. When we were in office in 2008, we expected that there might be deficits but that they would only be temporary. Most importantly, in the wake of the 2008, 2009 and 2010 crisis, our government implemented a plan to balance the budget, and that plan worked. The fact remains that, in 2015, we were the first G7 country to get back on our feet after the financial crisis of 2008, 2009 and 2010. We led the pack in terms of countries that weathered the crisis best. Today, we are at the back of the pack when it comes to this government's management of the public purse.
The deficits the government ran because of the pandemic were to be expected, but that is not the case for the enormous deficits this government decided to rack up. It added $500 billion to the debt. Some will say that these deficits were due to the pandemic, but $200 billion of that amount was not COVID-19 related. We must therefore be wary when the Liberals say that the deficits are due to COVID-19, because that is not the case.
We can do a very detailed review of all the government's measures and its out-of-control spending. The latest financial disaster is ArriveCAN, a major hassle for just about everyone in Canada on top of not producing the desired results. We want to take a close look at why so many tens of millions of dollars were spent on something that never worked and could have been developed for a fraction of the price.
This government's track record includes over half a trillion dollars in accumulated debt. Of that, over $100 billion predates COVID‑19, and over $200 billion has nothing to do with COVID‑19. Now we have to deal with it.
What is the government's plan to try to curb inflation or reduce its impact on Canadians? Unfortunately, it does not have one. Worse still, it refuses to temper its greedy desire to raise taxes, which is the wrong thing to do. I realize that when inflation is high and taxes are kept at the same rate, it can be very profitable for a government. As people pay higher prices, the tax is obviously higher. The amount of money that the government takes in is much higher than it would normally be. While the government is lining its pockets, Canadians are having their pockets picked because of rampant inflation and a government that refuses to cut taxes.
There are two things that should be noted about this government. Personally, I like to compare myself to the best. Let us compare Canada's current Liberal government to the other G7 countries, which are the most industrialized countries, the best countries in the world. Unfortunately, the Canadian government is the only G7 government that has not cut taxes. The other six countries have done so.
Even the Prime Minister's close friend, President Biden, lowered certain taxes. Every country on the planet wanted to provide relief to taxpayers. Only Canadians, who are living under the yoke of this Liberal government, are not getting any relief. Canada is the only G7 country to have raised taxes on fuel, but this is not producing the desired results, in other words lowering greenhouse gas emissions. Worse yet, it is increasing the burden on the citizens.
That is the reason for today's runaway inflation, which is affecting the lives of every Canadian. When the price of traditional energy is directly affected, that directly affects the price of transportation, heating and food. These are necessities for Canadians, who live a big country and who need to eat, get around, and heat their homes. The government is maintaining the Liberal carbon tax and the planned increase on April 1, but that is not the right approach to solve the climate problems, much less to help Canadians who are dealing with the inflationary crisis that is hurting all families right now.
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- Oct/20/22 8:47:40 p.m.
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Madam Chair, it is really heartening to be here in the House tonight and to hear all of us agreeing on the desperate need for having more done in this field, but it often comes down to spending. I often hear from the members opposite the need for fiscal restraint, the need for us not to spend as much, that our spending is causing inflation and that the things this government is doing to help all Canadians and to try to help people with these issues are problematic.
I am wondering how the member opposite reconciles that with the calls now, considering we have already given $5 billion in bilateral agreements for mental health since this government was formed in 2015.
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- Oct/20/22 8:48:36 p.m.
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Madam Chair, what we do on this side of the House is make sure money is spent well. We know where money should go. When we have an app that should have cost less than $250,000 and it cost $54 million and the government does not even know where it is, that is what we are talking about when we talk about fiscal constraint.
There is so much wasted money, and money is a sliver of the piece of the pie. One needs political will, a strategy and a plan. It is absolutely insulting for the member to say that when there is so much wasteful spending. That is not what we are talking about. There is a promised budget of $4.5 billion from the Liberal government and we have not seen it.
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- Oct/20/22 10:19:24 p.m.
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Madam Chair, I want to thank my colleague for her presentation. I have had the opportunity of being in her Vancouver East riding. I know there are mental health issues across the whole country, but she has some exceptional circumstances in her region, in her constituency and around her.
Could the member elaborate, with respect to the mental health transfer of $900 million a year, $4.5 billion over five years, what she thinks the main issue would be as far as the priority for spending in her constituency?
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