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Decentralized Democracy

House Hansard - 122

44th Parl. 1st Sess.
November 1, 2022 10:00AM
  • Nov/1/22 2:21:52 p.m.
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Mr. Speaker, he claimed he had to add that half a trillion dollars of debt because of COVID, but according to his own Parliamentary Budget Officer, 40% of the new debt he added in the last two years alone had nothing whatsoever to do with COVID. The Prime Minister has added more debt than all previous prime ministers combined, saying that low interest rates would make it a costless proposition. Now we learn from Desjardins Bank that Canadians will spend more on debt interest from the federal debt next year, $50 billion, than we typically spend on health care transfers to the provinces. Why is the Prime Minister giving the money to bankers and bondholders instead of doctors and nurses?
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