44th Parl. 1st Sess.
November 15, 2022 10:00AM
Madam Speaker, perhaps the member opposite should listen to my remarks. I talked about being the last ones into the last global recession and being the first ones out. In 2008, this country ran deficits of $58 billion and paid them back by 2015, because there was a plan. There was a responsible plan with leadership put on the table.
The government has spent $500 billion, $200 billion of which had nothing to do with COVID, and instead of showing a modicum of fiscal restraint, the Liberals keep spending to fuel the crisis that they themselves started.
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Madam Speaker, it is always a pleasure to rise on behalf of Canada's number one riding, Mission—Matsqui—Fraser Canyon. I am pleased to share some initial thoughts on the fall economic statement.
The economic update released by the costly coalition fails to address the cost-of-living crisis created by the out of control spending government. The Prime Minister's inflationary deficits, to the tune of half a trillion dollars, have sent more dollars chasing fewer goods. His inflationary scheme is hiking up the price of groceries, gas and home heating. Canadians have never paid more in taxes, because of the Prime Minister, and have received less.
To reduce inflation and improve the cost-of-living crisis that Canadians are living with each day, the Conservatives had two very simple and clear demands: first, stop new taxes; and, second, stop new spending. None of our demands were met in the fall economic statement. For that reason, the Conservatives will not support this irresponsible economic statement put forward by the government.
The cost of government spending right now is driving up the cost of living and Canadians have had enough. As the member for Thornhill just mentioned, we have a government that is focused on the power of government, of extending the reach of government. The Conservatives want to put power back into the hands of Canadians, back into the hands of people who can create things, produce things, pay taxes and be responsible citizens. However, because the government continues to spend more, to infringe upon our rights and into our day-to-day lives, it is taking away the power of people to live the type of life they want to live. I am opposed to that.
Before I go on, I would be remiss if I did not mention one line item in the fall economic statement that relates solely to my riding of Mission—Matsqui—Fraser Canyon, and that is the promise made in June of this year regarding the $77 million put forward in good faith by the Government of Canada to rebuild the community of Lytton. I have yet to receive an answer other than to say that by transferring the funds from Pacific Economic Development to Infrastructure Canada, the village of Lytton would have more flexibility.
What I am concerned about, and what I hope I get an answer very soon from the government on, is why it has decided to extend that unique and historical payment over a five-year term. Right now, my community is without a village office and some core services, and debris removal is still taking place. The constituents of Mission—Matsqui—Fraser Canyon need that $77 million and the flexibility to build in the upcoming spring. Having that money spent over five years, I am afraid, will delay even further the necessary construction work that needs to take place.
Lytton has been waiting long enough. The government came forward in good faith with a response. Let us move forward and let us get that money to Lytton sooner rather than later.
Turning back to the fall economic statement and the other measures included within it, I would be remiss if I did not mention a few points regarding small businesses.
One key item that has broad support across the country is addressing credit card transaction fees. Canadian small businesses pay some of the highest credit card transactions in the world. To the government's credit, in budget 2021, it agreed to address this issue. In budget 2022, it agreed again to address this issue. Now, in the fall economic statement of 2022, it says that if the private sector does not address this issue by December then it will do something about it.
While small businesses are struggling with a very challenging recovery in a post-pandemic economy, the government is dragging its feet on an area that there is broad consensus that needs action right away. My point is that it should take action now to get this problem fixed and help small businesses.
The second point I would like to address is CEBA loans. Over the last number of weeks, industry associations and small business organizations have been coming to Ottawa and speaking about the challenges they are facing.
I met a number of restaurant owners from Vancouver who are dealing with some very big challenges. They have said that in December next year, they are going to have to start repaying their loans. Right now, if they break it out on a month-by-month basis, they are going to have to pay approximately $10,000 to the Government of Canada to meet their loan payments. Small business owners want to pay back that money. They took it in good faith and took responsibility for that, but they asking the Government of Canada to give them some more flexibility, perhaps extending the timeline.
I mention this in the context of what is taking place in British Columbia. On the front page of the Vancouver Sun just a few weeks ago, it said there was lawlessness in Vancouver, that Canadians felt a sense of lawlessness. Property crime has never been higher. Businesses are not only dealing with smaller revenues and labour shortages, but also with property crime that is impacting their ability to produce goods and create money, like they were before the pandemic. My plea is that the government extend CEBA business loans and give our small business owners a break. We all need them, and we need to stand behind them.
The third item I would like to address is the ever-ongoing housing crisis. In budget 2022 and during the election campaign, the government talked in grandiose terms about a housing accelerator fund that would help the private sector build 100,000 new homes by next year. The government is not talking about that anymore because it has not done anything about it. It has done nothing to address red tape or work with municipalities to get housing built. We all need new housing, even in this affordability crunch, that will reduce the cost of living for Canadians. We all agree in the House of Commons that we need more housing. Let us move to do it right now. The government is not, and that is a failure.
The fourth point I would like to make is with regard to tax increases. On January 1, small business owners are going to have to pay more taxes to the Government of Canada. I recently mentioned that a small business owner with, say, 15 employees making over $60,000 will be paying over $20,000 every year to the Government of Canada just on employment insurance premiums. At a time when everyone in the country knows that small businesses are holding on by a thread, why is the government choosing to increase employment taxes on them right now? That is irresponsible and it will not help wealth creation or job creation in our country.
I would be remiss if I did not mention the elephant in the room, and that continues to be overspending by the government. Why is this a problem? It is a problem because in the very near future we will be paying more for debt than we are for health care. That is a sad reality for a country as wealthy and as prosperous as Canada. We have a health care crisis and we need to put more money into health care, not into debt payments. However, we cannot do that because the government overspent when it did not need to, and that is hurting Canadians across the country.
The final point I would like to make relates to government operations. In the fall economic statement, there is a special line item fund for $135 million to provide shelter to asylum seekers coming into Canada. During the COVID-19 pandemic, the Government of Canada shut down the illegal crossings across Canada. Why did it open them up again and why is it putting forward $135 million?
People across the world want to come to Canada, want to be productive citizens and want to have a fair chance to do what my grandparents did and what many members of the House of Commons did, which is to make a fair go of it in Canada, to pay taxes and be a productive member of society. However, with this $135 million, the government is saying that asylum seekers can break the rules and it will still support them. Shame on the government for not taking real action to address our border crisis and support the people who have followed the rules and who have waited for years, in good faith, to have the opportunity just to become a Canadian. We can do better.
We also need to address the brokenness of the federal public service. I was near the Service Canada office in my riding very recently and about 60 people were lined up outside. They could not access government services in a timely manner. Despite the growth in the public service by 24% since 2015, despite more spending than every other government in the history of Canada combined, people cannot get passports, seniors cannot get timely information on CPP and the guaranteed income supplement, and we cannot even give our hospitals enough money to give people the operations they need.
The government needs to get its house in order. This fall economic statement is irresponsible and, frankly, it is damaging to the well-being of Canada.
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Madam Speaker, it is truly a privilege to rise in this place and have the opportunity to speak to the fall economic statement. Before I begin, I note that I will be splitting my time with the member for Mégantic—L'Érable.
I listened with interest to the interventions made during the debate, both yesterday and this morning, and I just want to thank my colleagues on this side of the House for speaking up for Canadians. Canadians are finding it harder and harder to make ends meet, as there is more month left at the end of the money, and they are having to make really tough choices because the Prime Minister and the government did not.
This piece of legislation comes at a critical time for Canadians. There is a severe cost of living crisis, which the Liberal government has done nothing to address in this statement. Instead, it continues to spend more, which continues to push the inflation rate higher, causing the fastest rise in interest rates in decades. This has had devastating consequences for Canadians. In the fall economic statement, the Liberals are predicting that economic growth will be 0.7% lower next year and that Canada's national debt will reach $1.177 trillion.
Home prices have doubled since 2015. The increase in the housing prices and skyrocketing inflation and interest rates have put the dream of home ownership out of reach for millions of Canadians. Paycheques no longer go as far due to just inflation. Nearly 50% of Canadians are $200 away from insolvency, and the price of groceries, gas and home heating just keeps going up.
While the Deputy Prime Minister made the difficult decision to cut Disney+, too many Canadians are being forced to cut their diets. Food bank usage is at an all-time high. With the price of groceries up by almost 11%, moms are adding water to their children's milk, and seniors cannot afford to heat their homes. Canadians are getting closer to the edge, and the Liberal government just keeps pushing them further. The government does not understand how to assist Canadians.
Over the past seven years under the government, it has only gone from bad to worse. While believing that budgets will balance themselves and promising to budget from the heart out with no more than $10 billion in deficits, the Prime Minister has spent more than all previous prime ministers combined, running the most expensive government in Canadian history.
Now I know the government likes to use the pandemic for cover on spending issues, but 40% of all new government spending measures have nothing to do with COVID. That is over $200 billion. By next year, the cost to pay just the interest rate on our national debt will be equal to the amount being spent on the Canada health transfer.
Canadians need relief now, not more empty promises from the Liberal government. With over $170,000 being added to the deficit every minute, every minute counts.
That is why we called on the government to do two things: stop the taxes and stop the spending. The government could have, and indeed should have, committed to cancelling any planned tax hikes, including the tripling of the carbon tax. This would keep more money in the pockets of Canadians as they plan for their futures. Additionally, the government should have cut its wasteful spending and required ministers to find an equivalent savings to any new spending put forward. These are two simple initiatives that would have an immediate impact on helping Canadians.
Businesses are also feeling the impacts and struggling. While at home in my riding this past week, I had the pleasure of meeting with representatives from the Prairie Sky, Rosetown and Humboldt chambers of commerce. It was the first time that we were able to meet face to face. I would like to thank the executive directors and chamber boards for taking the time to meet with me.
While our conversations covered a wide range of topics, a common theme was how difficult the past two and a half years have been for local businesses, especially independent retailers. As I mentioned yesterday, I also heard about how lockdowns have driven customers to larger retailers and online shopping sites like Amazon. I heard how lockdowns have had not only a devastating impact on independent retailers, but a negative impact on supply chains.
The impact of inflation was top of mind for most, whether they were business owners or municipal representatives. For business owners, not only is inflation cutting into the bottom line of their customers, but it is also increasing costs for businesses, making it difficult for them to survive let alone thrive. In addition to the federal-government caused inflation, the recent hike in interest rates by the Bank of Canada is having a big impact on individuals and businesses alike. The likelihood of renewing loans and mortgages at rates more than double what they are currently paying is bringing solvency into doubt for both.
Added to this is the mess the government has made of the Department of Immigration, Refugees and Citizenship. Many business owners have told me that they are desperate for workers in certain industries but that it takes far too long for qualified people to get through the system. While the government loves to make grand announcements, citizens, business owners and newly arrived immigrants are telling me the system is broken.
The Liberals' mismanagement knows no bounds. The pattern of the government over the years has been to completely disregard the needs of Canadians and a consistent inability to manage Canada's finances.
Inflation is not just hurting individuals and businesses. One mayor told me that inflation is causing municipal projects to run 25% to 40% over budget, forcing municipalities to make cuts and raise taxes in order to balance their budgets. I have also heard from many municipal leaders in recent weeks that they may be forced to cover the back pay for the RCMP following the conclusion of the force's collective bargaining agreement with the federal government. If municipalities are forced to cover the back pay of an agreement they had no say in negotiating, this will put more pressure on municipal budgets. This means individuals and businesses would have to pay more for less from their municipal governments.
Canadians, small and medium-sized business owners and municipalities need a Conservative government that will put an end to the Prime Minister's inflationary spending, which is driving up the cost of everything. Under the leadership of the member for Carleton, our Conservative caucus has been working to develop policies that will address the issues facing our country.
The Conservatives have a plan to make life more affordable for Canadians. Instead of printing more cash and fuelling the inflation crisis, we will create more of what cash buys: more homes, more gas, more food and more resources here at home. By increasing the supply of goods, we can fight the rising cost of living. We will make energy more affordable by repealing the anti-energy legislation of the Liberal government, and we will cut corporate welfare and get rid of the carbon tax.
To fight climate change, we will make alternative energy cheaper rather than making Canadian energy more expensive. We will ensure that paycheques go further. We will reform the tax and benefits system to make sure that when a Canadian works an extra hour, takes an extra shift or earns an extra bonus, they are better off and will keep more of their dollars in their pockets.
The Conservatives will continue to fight for Canadians across the country. We will continue to hold the government to account for its inflationary spending, and we will continue to put forward policies that put Canadians first before Liberal insiders and their friends.
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Madam Speaker, I thank my colleague for her excellent speech.
I will start with a number: $1,000. That is how much one mom just paid to fill her heating oil tank for the first time this season. That $1,000 was a big surprise, a huge amount of money for her.
She wrote to me this morning to say that she hopes the winter will not be too harsh, because, at $1,000 a pop, she cannot afford to fill the tank four times, as she usually does every year.
This is not about comparing ourselves to other countries or to what we had in the past. This is not about saying Canada is doing well. This is about making sure everyone knows about this mother, who wrote to me today to say that her bill was $1,000 and that she will probably have to fork out that much cash at least three more times this season if the winter is mild, or maybe five times if the winter is severe.
This mother is desperate. She is also desperate because of the rising price of food. Groceries now cost 11.4% more than last year. That is the overall price of groceries, but looking more closely at the price of meat and essential items, for example, we can see that the price of pasta, which is a staple among students, has increased by 30%. The go-to food for students who do not have much money has just increased by 30%.
That is the reality facing families, students and this mother, who will have to choose between hamburger, pork chops and bologna to feed her family and make sure her children get enough protein. That is the reality.
The reality is also the ever-increasing price of gas. People work and need to drive their car, especially in the regions. Why? Because there is no public transit in the regions. They cannot go to work if they do not have a car. In the regions, jobs are often far from home. People absolutely need a car to get around.
Also, there is winter in Quebec, as in many other regions of Canada. Winter is hard. There are snowstorms, but people still have to drive to work. Their vehicles are a little bigger. They have trucks or SUVs. Unfortunately, the price of gas is rising, and we are hearing more and more from people who wonder how they will be able to get to work. Since they have to get to work, they must make other choices and cut into their food budget. That brings us back to our mother's heartbreaking choice between buying hamburger or bologna to feed her children. With the money that is left after she pays for gas to get to and from work, she will have no other choice but to buy bologna. That is the reality in Canada today.
We asked the government to do something to help families, or at least not to make things worse for them, by January 1. In the economic statement, we were expecting the government to take action and do something, as the hon. member for Carleton and leader of the official opposition requested. We had two very simple requests, starting with the cancellation of the tax increases that are to come into effect on January 1.
The Liberals will say that increasing employment insurance and Canada pension plan contributions is not a tax increase. The result is the same. It is exactly the same thing: The mother I was talking about, who was already having to make difficult choices to pay for heating and groceries, will have a smaller paycheque. She has just been told that on top of all her problems, she will now have a smaller paycheque to pay for everything that costs more.
We expected the Liberals to hear that mother's message instead of including more inflationary spending in the economic statement. It seems that the Liberals have not heard the message, since that mother’s paycheque will unfortunately get smaller as of January 1.
Things will be even worse in some parts of Canada, since several provinces will see an increase in the carbon tax. This will cause this family even more hardship, since absolutely everything will be even more expensive. By tripling the carbon tax, the government is tripling costs for families, who will have less money to pay for gas, food and rent. That is our current reality.
We expected the government to say that it understands that the situation is difficult, that interest rates and food prices are the highest they have been in 40 years, and that it would give Canadians a break.
Well, no, they did not hear the message. When we ask the government ministers questions day after day in question period, they tell us all sorts of things. They tell us that this is a global crisis and that Canada is doing a little better than other countries, and they come up with every imaginable excuse. We are told, for example, that the war in Ukraine is responsible for all this, but we never hear a minister take responsibility for the situation. The government, however, must also look at itself in the mirror and ask what it did to get us where we are today.
To understand this, we have to go back to the election of the Liberal government in 2015. I remember very well that the Prime Minister campaigned on a promise that there would be three tiny deficits, $10 billion the first year, $10 billion the second year and $6 billion the third year, and that we would then return to a balanced budget. Wow. I cannot say that he lied, but I can certainly say that he misled Canadians.
In reality, the deficits were not tiny; on the contrary, they skyrocketed. We are talking about a $100-billion inflationary deficit, even before COVID-19. That is not surprising, given that the Prime Minister stated in his maiden speech that it was the right time to borrow, since interest rates would remain low for decades. At the time, interest rates were 0.5%, 0.25% or 0.75%. The interest rates were very low. The Prime Minister's crystal ball showed him that it was not a problem, he could borrow money and that was the time to do it.
However, members of the House, mainly members of the official opposition, had warned the government that interest rates would go up and make things difficult for families. The government chose to close its eyes and turn a deaf ear. It did not listen and continued to borrow money.
Then the unexpected happened, COVID-19, and another $500 billion was added to the deficit. We would have expected that money to be spent on measures to help Canadians get through the COVID-19 pandemic. However, of that $500 billion, $200 billion was spent on new programs and expenditures that had absolutely nothing to do with COVID-19.
The Minister of Finance's fall economic statement was literally a failure on all counts. We cannot support measures that will just add to the deficit when the government has received $40 billion in new revenue from taxpayers' pockets. Think about the mother I mentioned at the beginning of my speech, who must make difficult choices to pay for her heating and groceries and to get to work.
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Madam Speaker, I spoke in English and French during my speech, so I was expecting that my colleague was listening to me and to what I said. I was talking about the mother who is struggling to pay for the home heating of her house, for her groceries and for the gasoline that she needs to go to work.
No matter where we stand in the OECD, nothing in this fall economic statement, nothing, helps that mother face that new spending.
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Madam Speaker, if we are talking about the elephant in the room, why can we not talk about this costly coalition that the government formed with the NDP? This is the elephant in the room. It will cost us $21 billion more in new spending. That is in the fall economic statement. That is the costly coalition's fault, and I think we should talk about the elephant in the room.
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Mr. Speaker, I really enjoy working with my hon. colleague on the status of women committee.
My question is on a lot of what she spoke about and what we work for at the status of women committee in particular. In the fall economic statement, the words “mental health” were only mentioned three times. The Liberal government continues to say that it cares, but its actions show the complete opposite. It continues to solve problems with the problem of inflationary spending.
I am curious to know her thoughts on that aspect of the fall economic statement.
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Mr. Speaker, I will say at the outset that I am splitting my time with the fabulous member for Haldimand—Norfolk.
We are debating the fiscal update, or the fall economic statement, and when we look at the update, it is important that we have some context for the environment it was put into. Let us go back seven years to when the government was elected.
At that time, the soon-to-be Prime Minister said there would be a tiny deficit, one so small that we could not even see it: a measly $10 billion that would disappear by the end of his first term. At the end of his firm term, there was $100 billion in pre-COVID deficit spending. That is literally thousands of dollars of burden that he put on the backs of Canadians. During COVID, there is no doubt there was some good money spent to support Canadians. The Conservatives supported programs like the wage subsidy, but we wanted controls on the wage subsidy to make sure multi-billion dollar corporations were not buying back shares or giving dividends at the same time they were receiving government money.
In addition to that COVID money, $200 billion, according to the Prime Minister's own Parliamentary Budget Officer, went out the door in non-COVID-related dollars. That equates to $5,400 for every woman, man and child in Canada. That is $5,400 for non-COVID-related spending. For a family of four, that is $20,000.
I spend a lot of time, as I am sure all members in the House do, with Canadians when travelling. Of course, we had the unnecessary, unneeded and very expensive election, but I did have the great opportunity during that time to spend my time talking to constituent after constituent. Not one of them had an extra $20,000 in their bank account because of this excess spending, so I question the value of that money spent.
The reality of an extra $200 billion, $400 billion or $500 billion in spending is that the government does not have the money. The government has three ways of raising money. One is by going to the markets and asking for a loan, and it did not have the fiscal framework or the ability to borrow $500 billion from the markets. The second is by raising taxes. Even the current government did not have the stomach to raise taxes that much that quickly. Finally is by printing money. That is through a fancy term called quantitative easing, where the government sells bonds and buys them back itself. In reality, it has the same effect as printing money.
For the last more than 2,000 years, we know what happens in this story, from the ancient Romans to the Weimar Republic to Yugoslavia shortly after War World II to Argentina, to name just a few examples. Actually, there is one right here in Canada. There was a prime minister here by the name of Pierre Elliott Trudeau who engaged in the same type of money printing, and guess what we got. We got inflation.
There was one individual who stood up over and over again and said that we would get inflation and that we should be worried about inflation. That was the member for Carleton, who was to become the official opposition leader. He said that inflation was on the way, and I heard heckles and people saying no. In fact, I cannot believe this is not the biggest news headline every day as we sit in perhaps the biggest monetary crisis of my lifetime.
We had a deputy leader saying that there was going to be no inflation, none. The Liberals said we should not worry about it and that the real problem was deflation. Talk about getting it wrong. Holy mackerel. Then we heard the Prime Minister say in public, not just in the quietness of his own home, that he did not think about monetary policy. Well, that is obvious.
As we see now, inflation is out of control. The inflation numbers will be coming out again and we will see what they are, but I guarantee they will not be in the Bank of Canada's target rate of 1% to 3%. Inflation is not just the numbers, it is not just the spreadsheets, it is not just the statistics; it is having a real impact on the lives of Canadian.
Parties on the other side of the spectrum like to say that the Conservatives are heartless. What is heartless is releasing a fall economic statement in the throes of one of the greatest affordability crises, with high inflation rates, and not addressing it. That means we will continue to see record use of food banks. In one month alone, in this great country that I love so much, 1.5 million Canadians went to food banks, a third of which were children. Five hundred thousand children in our great land were forced to go to a food bank, because the Prime Minister does not think about monetary policy. He should think again. Canadians are really struggling. Twenty per cent more than ever before are using food banks because the Liberals have failed Canadians over and over again.
What was the response in the fall economic statement to the affordability crisis, such as single moms not being able to feed their children; seniors not being able to make it to the end of the month, not being to pay their rent; young adults not being able to afford houses? We are going to have a 2% tax on share buybacks. I have had a number of constituents, neighbours and friends come to me saying they are having a tough time. They are having challenges. What we really need is a 2% tax on share buybacks, because that will create greater amounts of capital incorporation, which will create economic prosperity for all. Is this for real? Is this serious? This is a real document.
As we go on in this document, a document prepared by the Liberals, here is what it says. The bad news is that we are going to have high inflation. The bad news is we are going to have high interest rates. The topper is that we might be going toward a recession. The way the government assembled this document would be funny if it were not so sad. In their economic projection, the Liberals have said that we will have one-quarter of negative growth at baseline and the other one at 0%. Two negative quarters make a recession. It was like my nine year old changed his homework a little so he did not have to call it a recession. By the way, somehow inflation rates, which will come out tomorrow, will drop to 3.5% in 2023, less than 50 days from now. I am not going to buy some swamp land from the Liberals and I am certainly not going to accept that ridiculous notion.
With the fall economic statement, the government had a real opportunity to do something great to help Canadians with the affordability crisis to get them back on their feet by getting off their backs. It could have reduced the carbon tax. We are the only country in the G7 that did not do that. The Liberals had the opportunity to truly help Canadians by reducing the payroll tax, but they seem intent on penalizing, not rewarding, all those Canadians who are working so hard. They take more and more. Their greed knows no end. The government is out of ideas and it needs to be taken out of its misery.
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Mr. Speaker, I may have to repeat my speech for the member as he must have not heard it or he was not here.
It is not the money that was put toward the COVID relief, which we did support; it is the $200 billion in non-COVID dollars and the $100 billion in deficit spending prior to COVID. That $300 billion is more than $20,000 for a family of four. It is that money we want back in the pockets of Canadians.
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Mr. Speaker, it is a pleasure to rise to speak to the fall economic statement implementation act, 2022.
There is an adage that is found in the Book of Proverbs, written by one of the wisest men who ever lived. King Solomon wrote, thousands of years ago, “A good man leaves an inheritance to his children’s children.” It is a statement that reminds us that the decisions we make today impact on the future. They can impact, and do impact, on future generations to come.
How much more is this true of leaders who are in charge of our nation’s finances. This proverb teaches us that if we want to be truly good, if we want to be wise and if we want to leave an inheritance for our children's children, we must conserve. We cannot just spend. We must save and invest in our future.
As elected leaders, we have been entrusted with a profound responsibility to be stewards of our democracy and to preserve our Canadian way.
I am very concerned about the direction of Canada and about the short-sightedness of the government. Canadians want clarity about the social contract that they have engaged in with the government. They know what they are giving, but they do not know what they are getting back. Often their questions are dismissed, laughed at and mocked by the government.
Canadians want answers to simple questions like: How can we buy an electric car to save the environment, when we can barely afford food to eat? Why does the government raise taxes on home heating, fuel and groceries, only to refund us a pittance of what has taken in the first place?
Canadians just want to be able to fill up their gas tanks, to have a roof over their head, to not have to skip meals and to be able to take their children to school and to soccer practice.
Canada is almost $1.3 trillion dollars in debt. The government has spent more than all other governments combined in the history of this nation. Right now, Canadians owe $56,000. That is their share of the national debt, and it is increasing by the day. Next year, interest payments alone will be nearly as much as the Canada health transfer to all provinces combined. That is at a time when people are literally dying in emergency rooms because they cannot be seen within a reasonable time by doctors.
Just a few years ago, the Prime Minister promised to never go over $10 billion deficit. According to the Parliamentary Budget Officer, 40% of all new spending measures have had nothing to do with COVID. That is over $205 billion dollars.
The Liberal government used COVID as a cover for its non-essential, wasteful spending. The Prime Minister cannot be trusted with our finances. His government cannot be trusted. Things are falling apart.
The government spent $54 million on an unnecessary app, the ArriveCan app, that discriminated against seniors without smart phones and accidentally sent thousands of vaccinated Canadians into quarantine. One developer replicated this $54 million project in one weekend and said that it should not have cost more than $250,000. Several contractors said that they never worked on the app and that they never received the millions of dollars the government said it paid them.
Millions of dollars are missing for which the Liberals just cannot account. The Liberals’ out-of-control has led to inflation, which has caused an increase in the cost of living.
The price of food has seen double-digit price increases, and 1.5 million Canadians visited the food bank last month, which is an increase of over 35% from last year. People are worried that they will have to choose between food and heating their homes this winter.
The cost of housing has become unaffordable. Even for people who do not have mortgages on their property, it is difficult to pay the utilities bills and the cost of heating. Young people cannot afford to move out of their parent’s homes. Seniors and those on disability do not have the ability to earn extra money to supplement their income. People on fixed incomes are living an unaffordable existence.
I met a lady named Hilary this weekend in my riding. She told me that to buy half a tank of oil it cost $1,100, of which $300 was government taxes, and this will only heat her home for one month. I receive calls from farmers, manufacturers and small businesses that are desperate for workers, yet we see massive backlogs at Immigration and Citizenship Canada. Despite this, the government still plans to triple the carbon tax on home heating, gas and food.
We are seeing billions of dollars of spending in this fall economic statement, yet the same problem of lack of transparency still exists. The Liberals have announced the Canada growth fund in the fall economic statement, which is found in part 4 of the act. The fund will largely give corporations money to undertake projects in the area of climate change with investments toward a net-zero economy. While I and most Canadians support protecting the environment, it must be done in a transparent way that yields accountability and reduces emissions.
Under the growth fund, we see a reference to ESG, “Environmental, Social, and Governance”, stated on page 30 of the fall economic statement. While the government has embraced this vague term, the average Canadian does not know what it means, but we have seen these types of pet projects before, like the growth fund, that have resulted in outrageous waste. The $35-billion Canada Infrastructure Bank has not finished one project that the Liberals announced in 2016, six years ago.
The whole approach has been a failure. It was supposed to attract private sector investments, but has repeatedly failed to do so. Instead, the Liberals are spending millions on bureaucracy, overhead, operations and executive termination packages that yield no financial benefit to the taxpayer. Now we are expected to trust the government with billions of dollars in this Canada growth fund, a taxpayer-funded investment fund that, just like the Canada Infrastructure Bank, will subsidize experimental corporate private business projects.
Despite the failure of the Infrastructure Bank in getting a single project completed, the Liberal government wants to invest $15 billion under the promise of a net-zero economy in a similar scheme, but Canadians have questions about the Canada growth fund and about ESG. Here are some of the questions that came to my office.
Since we know that businesses will have to register their products and services and that all transactions will be digitally recorded and tracked under ESG, environmental, social and governance, does that mean that the spending of Canadians will also be tracked?
How will this accounting for the entire emissions life cycle of a project affect small and medium-sized business owners? Will small and medium-sized business owners endure more red tape, and thereby have to spend thousands of dollars on lawyers, accountants and environmental, social and governance consultants in order to comply with this ESG requirement?
Since the goal is to reduce the carbon footprint and reach net zero, will there be limits on what Canadians can buy, where they can go and how much fuel and products they can consume? These are natural questions that Canadians are asking.
There is so much that is broken in our system, and we are not going to fix it with more Liberal policies and continued spending that lacks transparency and accountability. We cannot move forward when questions that Canadians are asking about policies, like environmental, social and governance and how this will affect their lives are left unanswered and mocked by the Liberal government.
This is not about politics. This is about the future of Canada. This is about making sure that we leave a good inheritance for our children's children. That is why, in good conscience, I cannot vote in favour of this reckless, inflationary bill that lacks transparency.
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Mr. Speaker, indeed, Conservatives do share that concern about our failing health care system. One of the reasons the health care system is failing is that the government has spent more than all other previous governments in the history of this country combined.
By next year, we will be paying more on our interest payments on our loans than we are paying in the health care transfer. This is the reason we have a failing health care system. We need to get our finances in order and stop wasteful spending.
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- Nov/15/22 2:36:03 p.m.
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Mr. Speaker, it is not good enough. That is not a good enough answer. The project was cancelled because of inflation, which the Liberal Party caused. While Canadians are struggling to put food on the table, the government cannot account for $655 million.
It is wasteful spending like this $35-billion Infrastructure Bank that is causing inflation, and the Liberals are financing it all on the backs of Canadians by tripling their carbon tax.
When will the government stop their reckless spending and cancel their plan to triple the tax on suffering Canadians?
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- Nov/15/22 3:04:51 p.m.
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Mr. Speaker, Canadians should judge a government by what it does, not what it says. What the government does is spend, spend, spend. Spending is up 30% versus pre-COVID levels and Canadians are paying the price. Inflation is at a 40-year high level. Next year, we are going to spend almost as much on servicing the debt as we do on health care transfers to the provinces.
Canadians cannot afford much more of this costly coalition. Will the government end its inflationary spending?
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