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Decentralized Democracy

House Hansard - 178

44th Parl. 1st Sess.
April 17, 2023 11:00AM
  • Apr/17/23 4:01:59 p.m.
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Madam Speaker, as I mentioned at the beginning of my speech, we have a very targeted budget with very targeted supports for our most vulnerable, but these should be taken in concert with all the other measures we have introduced. Seniors who are aged 75 and older in my riding were very happy to have an increase of 10% for their OAS. They were very happy for past GST rebates. That has been very helpful to them. I will talk of families in my riding. They love the grocery rebate because it is on top of the Canada child benefit, which they have already been receiving, and which was introduced by our government. As well, with the national child care plan that we introduced, they have seen 50% of their costs on a monthly basis reduced, so these are never to be taken in isolation. We have introduced so many measures that help low and middle-income Canadians, better supporting them with the high cost of living today.
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  • Apr/17/23 6:02:24 p.m.
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Madam Speaker, my colleague talked about fossil fuel profits and the fact that big business pocketed more than $38 billion this year alone. I find it very mysterious, however, that the costs associated with the Trans Mountain pipeline, which have ballooned to more than $30 billion, are nowhere to be found in the budget. There is absolutely no mention of the Trans Mountain pipeline issues in the budget. I would like to hear my colleague's thoughts on that. Why has the government not cancelled this awful project already?
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  • Apr/17/23 7:27:40 p.m.
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Madam Speaker, I do not know how much I have to beseech the members on the other side to actually read the report they are referring to here, because they will find the numbers somewhat instructive. However, let us go “déjà vu, all over again” because we can look at the 1980s for massive government deficits at the time that led to high inflation, just like today. The U.S. fought this with what is called the strong dollar policy, which means higher interest rates on its bonds all the way through the economy. This penalized the developing world because most of the developing world has to pay its debt in U.S. dollars and with U.S. interest rates. This led to a decade of economic stagnation in the developing world, and some economies actually went negative over the decade of the 1980s to the 1990s. Therefore, this was predominantly thrust upon the world's poor to address inflation. However, one issue that addressed inflation was the fact that there was cheap energy, because oil became less than $10 a barrel at the time. Let me ask the question again. These are costs. Will the minister take a lesson and acknowledge that she is on the wrong path?
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