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Decentralized Democracy

House Hansard - 188

44th Parl. 1st Sess.
May 1, 2023 11:00AM
Context: House Hansard - 188 - May/1/23
Mr. Frank Caputo
  • May/1/23 6:28:34 p.m.
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  • Re: Bill C-47 
Madam Speaker, I am tying it in. For my colleague from Timmins—James Bay, this is very important, and the way I opened up my speech was to discuss the $13.5 million that was budgeted. Perhaps that was not enough. Why are we actually here dealing with this today? With all due respect, when the budget does talk about $50 million, at foreign interference, everything encompassed in that, including what happens to individual members in this House, is germane. I said what I have to say and was coming to the end of those comments anyway. I will move now to the budget itself. We have cumulative spending, and I am quoting from one of my Nova Scotia colleagues who did a great deal of work. We are looking here at the national debt rising in the next five years to, in my view, an untenable level. The interest on the national debt will rise from $44 billion today to $50 billion in five years, if the interest rate calculations from the Liberal government are actually correct. I did a quick search on how much the federal government sends to the provinces in health care transfers. According to a CBC article I reviewed briefly, $49.1 billion is going to be put in health care transfers. We are at the point now where we are putting forward the same amount in federal health care transfers than we are in servicing our debt. I think about that and about how it is problematic on so many different levels. One of the reasons it is problematic is because the debt has doubled under the current government. When we are talking about how much interest we are paying, so much of it really does lie at the feet of the Prime Minister, because the Prime Minister has done so much when it comes to our debt. This is something I am concerned about. I am also concerned about inflation, obviously. I was reading about heartbreaking situations. People were talking to me through newsletters by writing back saying that they are a senior who cannot afford groceries. Somebody in his early fifties wrote to me that he cannot afford a condo. Inflation is a reality. I know the government has finally acknowledged that, but what took a long time was to acknowledge its role in the inflationary fire. I am not sure the government has fully acknowledged that to this day. The government will say it is going to give this or give that. The problem is the price of housing has gone up so high, the price of rent has gone up so quickly and the price of groceries has gone up so substantially that government assistance is meaningless. In my riding of Kamloops—Thompson—Cariboo, I think of people who are paying probably $2,000 for a one-bedroom suite. That is what a whole house used to go for. That is what inflation has led to, and that is part of why we have a problem. The doubling of the national debt is something we cannot overlook. This is also a confidence issue that gives me pause as to why I will not be supporting the government, because I do not have confidence in the government. I do not have confidence in the government's numbers. I do not have confidence food will be more affordable. One of my colleagues spoke not long ago about the carbon tax and the impact it is having on affordability. The reason that is so contentious is not just because of its impact on affordability, it is also because of the fact the government has missed every single target. I obviously have much more to say, but I see my time is up and I will answer any questions from my colleagues at this time.
644 words
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