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Decentralized Democracy

House Hansard - 142

44th Parl. 1st Sess.
December 6, 2022 10:00AM
Context: House Hansard - 142 - Dec/6/22
Mr. Richard Martel (Chicoutimi—Le Fjord, CPC)
  • Dec/6/22 2:36:27 p.m.
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Mr. Speaker, according to a new report released yesterday, the cost of groceries is going to keep going up in 2023. The grocery bill for an average family will climb to $16,300 next year. That is a big hit to the family budget. Parents are already stretched thin and are unable to feed their family. Now they are being told it is only going to get worse. All these increases are unaffordable for Canadians. I never would have thought that people in Canada would not be able to eat or stay warm. Will the Liberals promise not to increase taxes so that Canadians can eat?
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Context: House Hansard - 142 - Dec/6/22
Mr. Michael Cooper (St. Albert—Edmonton, CPC)
  • Dec/6/22 5:39:13 p.m.
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  • Re: Bill C-32 
Madam Speaker, I rise to speak to the government's fall economic statement, a fiscal and economic blueprint that falls short. The Conservatives called on the Liberals to do two important things. First was to stop the deficit spending that is fuelling inflation and driving up the cost of living for everyday Canadians. Second was for the government to commit to no new tax hikes. After all, Canadians are facing a cost of living crisis as a result of 40-year-high inflation being driven by the Liberal government's reckless spending. Food inflation has hit double digits. One in two Canadians is $200 away from insolvency, and an astonishing 1.5 million Canadians are going to a food bank every month, which is a 35% increase from last year. The Liberals often say that they have the backs of Canadians. Well, in the face of a cost of living crisis, the least one would expect from a government that truly had the backs of Canadians is for it to commit to no new tax hikes. However, what we learned is that those are just more empty Liberal words, because they did not do that; they did the opposite, with tax hikes that are going to hit workers, seniors, families and small businesses. This starts with a payroll tax hike on January 1, not to be outdone by a carbon tax hike on April 1, which will further drive up the cost of essentials, including gas, groceries and home heating. The carbon tax, by the way, has done nothing to reduce GHGs, which have gone up not down under the Liberals' watch. It is a carbon tax that the Governor of the Bank of Canada has determined exacerbates inflation, causing a 0.4% increase in inflation, further worsening the cost of living crisis. When it comes to spending, the government doubled down on its failed inflationary policies. We saw $20 billion in new inflationary spending, and that is on top of half a trillion dollars in new deficit spending over the past two years. The Liberals will claim that this is as a result of COVID, except the Parliamentary Budget Officer has clarified that it is not and that 40% of the half a trillion dollars in spending pertains to non-COVID-related measures. The evidence of this is that after all the COVID programs and supports expired, government spending increased an astonishing 30% in just two years. The government has a spending problem. Why all the spending? Simply put, the government measures its success on how much it has spent, as opposed to what it has delivered, and the results are not positive. Let us look at a few Liberal lowlights. It gave $35 billion to the Canada Infrastructure Bank, which was supposedly going to leverage private sector investment to get infrastructure projects completed. However, after six years, not a single infrastructure project has been completed. After $35 billion and six years, there is not a single infrastructure project. Talk about taxpayers not getting value for their money. The Liberals brag about spending $40 billion on housing. Has that increased the housing supply? Has that made home ownership more accessible? No. Housing prices have doubled on the Liberals' watch. Then there is the $54-million app, the ArriveCAN scam, as it has become known, that should have cost $250,000 instead of $54 million to complete. It should have never been built in the first place given that it caused travel chaos and resulted in more than 10,000 healthy Canadians needlessly having to quarantine. Today, there was a shocking Auditor General report that determined that $32 billion of the Liberals' COVID spending went to recipients who should not have received the money. It was $32 billion out the door and wasted. To put $32 billion in perspective, the government spends $45 billion on the Canada health transfer, so nearly three quarters of what the federal government spends on health care annually was wasted, out the door and gone. We talk about waste and mismanagement, but the Liberal government is not one to learn lessons, because in the fall economic statement, $14.2 billion was found to be unannounced by the Parliamentary Budget Officer. There were no details about where that $14.2 billion is going. When my colleague, the member for Charleswood—St. James—Assiniboia—Headingley, asked the finance minister where the $14.2 billion was going, she could not say or would not say. All we know is that it is a blank cheque to who knows what. Talk about a lack of transparency. Talk about a lack of respect for the sweat-soaked tax dollars of hard-working Canadians. For all of this spending, what do we have? We have 40-year-high inflation. If we listen to the Liberals across the way, they act as though they are bystanders to the 40-year-high inflation, except they are not. Their policies have driven it. Let us look at the facts. To pay for half a trillion dollars of deficit spending, the Liberals, through the Bank of Canada, embarked on a policy of quantitative easing, something the Canadian government has never done before. It is essentially money printing. What happened over two years? The money supply increased by half a trillion dollars, on par with the Liberal government's half a trillion dollars in deficit spending. This is not a coincidence. What we have seen is a 27% increase in the supply of money at only a 2% rate of economic growth. We cannot have cash outbid goods and services tenfold and not have inflationary pressures, and that is precisely what has happened as a result of the government's out of control spending. The finance minister is fond of saying she will not take lessons from the Leader of the Opposition. I would say to the Minister of Finance that she should start listening to the Leader of the Opposition, because it was the Leader of the Opposition who was among the first to sound the alarm that all of this spending was contributing to inflation. Had the finance minister listened to the Leader of the Opposition, we would not be in this inflationary mess that is pummelling everyday Canadians.
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