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Decentralized Democracy

House Hansard - 179

44th Parl. 1st Sess.
April 18, 2023 10:00AM
  • Apr/18/23 10:58:48 a.m.
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Madam Speaker, one of the things we have been pointing out with the budget is that there is a $43-billion deficit and deficit spending continues to drive inflation. I am wondering what my hon. colleague across the way has to say about the deficit and inflation.
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  • Apr/18/23 11:32:39 a.m.
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Madam Speaker, I will let that go by, saying a free market approach would not work. In Vancouver, just the red tape to build a house costs $630,000. It is not the free market that is the problem. It is the government standing in the way of building the houses. I want to go back to the deficit spending that the government is doing and the inflation that is driving up the cost of anything, more dollars chasing fewer goods. What does the member have to say about the $43-billion deficit and that the government continues to spend after it promised back in 2015 it would only have four modest deficits of $10 billion and then return to a balance? Does the member think the government will ever be capable of meeting a balanced budget?
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  • Apr/18/23 1:01:25 p.m.
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Madam Speaker, one thing that I am concerned about is the $43-billion deficit that is projected by the budget this year. Back in 2015, when the Liberals took power, they promised they would run four consecutive deficits of only $10 billion, and after that, they would return to a balanced budget. Why does the member continue to support deficit spending? Does he think this has an impact on inflation?
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  • Apr/18/23 1:16:34 p.m.
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Madam Speaker, I just wanted to note that the member never talked at all about the 40-year highs in inflation nor about the $43-billion deficit that is projected by this particular budget. I am just wondering if the hon. member has any concerns about the inflation that is happening in Canada and whether deficit spending is what this country needs right at this moment.
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