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House Hansard - 186

44th Parl. 1st Sess.
April 27, 2023 10:00AM
Context: House Hansard - 186 - Apr/27/23
Mr. Kelly McCauley
  • Apr/27/23 1:11:42 p.m.
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Madam Speaker, I want to thank the member for “Lib-splaining” basic economics to me. To be very clear, the government is increasing its take from taxpayers by 62%. Generally, in business, when we increase our sales by 62%, we can squeeze out a profit or at least break even. We do not increase our sales by 62% and end up with a catastrophic debt. I want to quote something right from the Bank of Canada, from the monetary policy report for April 2023: “Fiscal measures adding to the growth of domestic demand”. We asked Bank of Canada officials about this at the finance committee, and they said that, yes, it is a polite way of saying that government spending is increasing inflation.
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