SoVote

Decentralized Democracy

House Hansard - 129

44th Parl. 1st Sess.
November 17, 2022 10:00AM
Context: House Hansard - 129 - Nov/17/22
Ms. Lena Metlege Diab
  • Nov/17/22 12:56:48 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, there is no doubt that there is always more to be done. It is a mini-budget. However, as I said in my speech, we are eliminating interest on Canada student loans, we are lowering credit card transaction fees, doubling the GST rebate for six months and providing a $500 one-time Canada top-up. There are a lot of good things in this mini-budget—
69 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 129 - Nov/17/22
Mr. Ziad Aboultaif (Edmonton Manning, CPC)
  • Nov/17/22 1:45:06 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, will the hon. member be able to tell us what the interest payment will be on just the $38-billion deficit we are carrying this year?
28 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 129 - Nov/17/22
Mr. Chandra Arya
  • Nov/17/22 1:45:18 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, that is an important question, because interest payments are a significant amount for most deficits throughout the history of Canada. However, the member may remember when the pandemic started and the long-term interest rates were close to 0%, we changed the composition of the Canadian federal debt from about 12%, if I am not wrong. We took the long-term debt close to 0% to about 46% of the debt.
73 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 129 - Nov/17/22
Mr. Wayne Long (Saint John—Rothesay, Lib.)
  • Nov/17/22 4:07:34 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, one thing our government did was believe in students. We believe, in particular, in university and post-secondary students, and we have done many things to help those students. We have doubled the Canada summer jobs. We have doubled the Canada student grant, and in this last fall economic statement, we have raised the threshold of repayment from $25,000 to $40,000. It is key that we have also eliminated interest on Canada student loans, which the party opposite has said was a bad decision and wasteful. I am wondering if the member agrees with his party's position on our elimination of interest for the Canada student loans.
112 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 129 - Nov/17/22
Mr. Tom Kmiec (Calgary Shepard, CPC)
  • Nov/17/22 4:22:40 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, I was following along with the member's speech with the member for Calgary Rocky Ridge and we have just one observation to make. According to the government's own fall economic statement, within seven years we will pay more in debt interest payments than we pay right now for the defence department's annual budget. If the member is as concerned as we are with the national security of Canada and ensuring that we can protect our country into the future, should the government not get control of debt interest payments and make sure it is not taking on even more debt, thus assuring that entire government departments will be gobbled up by debt interest payments to the big banks?
123 words
All Topics
  • Hear!
  • Rabble!
  • star_border