44th Parl. 1st Sess.
October 26, 2022 02:00PM
- Oct/26/22 2:52:03 p.m.
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Mr. Speaker, what they have come to expect of this government is that it raises the cost of living. The cost of government is driving up the cost of goods and now the cost of interest.
Two hundred billion dollars of the half trillion in deficits had nothing to do with COVID, according to the Parliamentary Budget Officer, and even that so-called COVID spending included the ArriveCAN app, an app that could have been designed in a weekend for a quarter of a million dollars but cost $54 million. The government claims that $1.2 million of that went to a company called ThinkOn. That company says it did not get that money. Who did?
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- Oct/26/22 3:03:03 p.m.
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Mr. Speaker, the Prime Minister's disastrous inflationary policies and reckless spending on the backs of Canadians is sending more families into homeless shelters and food banks. It is up 30%. The Prime Minister’s climate-zealot ideology is keeping billions of dollars of investment in our responsible Canadian energy sector in the ground, increasing home heating costs 50% to 100%, and making more families freeze in the dark.
Will the Prime Minister take responsibility for his inflationary problems that caused the Bank of Canada's interest rate hikes because of just—
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- Oct/26/22 3:11:07 p.m.
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Mr. Speaker, the Liberal government continues with wasteful spending. There is WE Charity, storytellers for the Prime Minister, the infrastructure bank, fridges for Loblaws, cheques to Mastercard, the arrive “scam” app and expensive hotels, just to name a few. Hard-working Canadians who send their money to Ottawa are not being respected. Canadians cannot afford this costly coalition.
Will the Liberals end their inflationary spending?
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- Oct/26/22 3:12:21 p.m.
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Mr. Speaker, interest rates are up again, and the Bank of Canada says more raises are coming. Now the bank says that inflation reflects Canadian domestic factors, not the global factors the government keeps blaming. The government said interest rates will remain low, and then it went on a spending spree. It said it was irresponsible not to spend. It said there would be no inflation and then it said inflation would just be temporary. Now inflation is out of control and Canadians are paying more.
Will the Prime Minister finally admit his spending has made life unaffordable for Canadians?
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- Oct/26/22 3:27:35 p.m.
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Mr. Speaker, the Liberals are completely out of touch with the economic crisis that Canadians are facing because of their reckless spending.
Interest rates went up again today. The cost of groceries is at a 40-year high, forcing too many Canadian families to use a food bank. It is becoming a luxury to heat a home in this country. On top of that, the Liberals will be raising the carbon tax, making everything more expensive.
Will the Liberals cancel their plan to raise the carbon tax?
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- Oct/26/22 7:06:58 p.m.
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Madam Speaker, I originally posed the question of whether any of the spend-DP-Liberals thought about monetary policy a few weeks ago because the Prime Minister had already admitted he does not spend much time thinking about it. He also thought that budgets balance themselves, inflation was transitory and it was okay to borrow $400 billion because interest rates were low.
A few things have changed in those few weeks since I first posed the question. The Liberal-NDP coalition government has been driving up the cost of living. The more the Prime Minister spends, the more things are costing, and it is not just inflation that we are dealing with now, it is people's lives because they are having to consider monetary policy and make a choice between buying groceries or heating their homes. They are having to make the choice between putting fuel in their vehicles to go to work, or not.
Interest rates are rising faster than they have in decades. People and families are at risk of losing their homes because they cannot make increasing mortgage payments. It is to the point that over one-half of Canadians are cutting back on groceries to cope with rising prices because of the thing elite Liberals think is just inflation. This means there are situations like the one I heard about just this morning. It came from Lyle, who said that he was shopping yesterday and the elderly person in front of him had to put four apples back as she could not afford them. He said that the increase in carbon taxes are driving up the costs of everything from home heating to food, and that the current government is completely out of touch with Canadians. That is what Lyle said.
All this need not be. If the government had been prudent and responsible and considered monetary policy, it would have done things like not wasted $54 million on a punitive ArriveCAN scam and scrapped the $35-billion Infrastructure Bank. Let us not forget the WE scandal, the millions to Loblaws for refrigerators and so much more wasteful spending.
On top of that, had Liberals not squandered an extra $200 billion in spending not related to COVID, Canadians would not be feeling the pain they are now, but the government chooses not to pay attention to monetary policy, so now Canadians are receiving the bill for that massive $500-billion deficit. They are seeing typical mortgages go up by $7,000 a year and having to pay so much more attention to their household monetary policy just to put food on the table and keep the heat on. On top of all this, the Liberal-NDP coalition is planning to triple the carbon tax, further increasing and inflating the cost of gas, groceries and home heating, just as we approach winter in Canada, when heating is not a luxury but a necessity.
I am sure I am probably going to hear an excuse from the other side about where I am going on this, and we are going to hear back from the government saying that inflation is a global phenomenon. The governor of the Bank of Canada now says that inflation is homegrown. It was grown by the Prime Minister and his cabinet's lack of consideration of economic policy.
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