SoVote

Decentralized Democracy

House Hansard - 197

44th Parl. 1st Sess.
May 15, 2023 11:00AM
  • May/15/23 2:22:02 p.m.
  • Watch
Mr. Speaker, the minister herself said in the fall that she would balance the budget in 2028, but in this budget, she said that it would never be balanced. Weeks before that budget, the minister said that deficit spending fuels inflation. Then, she added another $60 billion of deficit spending at a cost of $4,200 per Canadian family. Why do Canadians have to pay for the this minister's flip-flopping and incompetence?
75 words
  • Hear!
  • Rabble!
  • star_border
  • May/15/23 2:46:34 p.m.
  • Watch
Mr. Speaker, when it comes to Canada's debt and debt-to-GDP ratio, let me quote someone whom all members of the House should trust, and that is the Parliamentary Budget Officer. At the finance committee a few weeks ago, he said, “When looking at G7 countries, Canada compares very favourably on net debt-to-GDP.” Furthermore, in his testimony, he described a conversation he had with someone from Moody's, who said that Canada's deficit should make us “quite happy because by European standards that's very low.” That is not me talking; that is the Parliamentary Budget Officer.
106 words
  • Hear!
  • Rabble!
  • star_border