44th Parl. 1st Sess.
May 15, 2023 11:00AM
- May/15/23 2:21:17 p.m.
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Mr. Speaker, sometimes with the current government, we do not know whether to laugh or cry when it comes to the way it spends money. The minister said in her fall update that the budget would be balanced in 2028. In her budget, she said it would be balanced never. Weeks before that budget, the minister said that deficit spending fuels inflation and interest rate hikes; then she added $60 billion of that fuel to the inflationary fire, at a cost of $4,200 per family. Why will the minister not get off the backs of hard-working Canadians and get rid of the inflationary taxes and deficits that they have to pay?
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- May/15/23 2:22:02 p.m.
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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?
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- May/15/23 2:23:29 p.m.
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Mr. Speaker, we can see that the minister and the Prime Minister are totally disconnected from the daily reality of ordinary Canadians. We understand why the minister left the country and has avoided questions since the presentation of her highly unpopular budget. She goes to American universities instead of going to talk to real people here in Canada. In fact, she is the one who said that deficits would fuel inflation and that she would bring in a rule to save one dollar for every dollar spent.
Where is that promise in their budget?
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- May/15/23 2:24:53 p.m.
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Mr. Speaker, it is really impressive that the Deputy Prime Minister and the Prime Minister are attending really important meetings in Japan and the United States with really important people around the world. We are talking to the common people right here in Canada who cannot pay their bills. One in five is skipping meals because they cannot afford the inflationary carbon tax on food; 1.5 million are eating at food banks, and some are asking for help with medical assistance in dying because they cannot afford to eat, heat or house themselves. The minister admits deficits caused this inflation, yet she added $60 billion more of them. Why does she keep boosting prices while she travels abroad?
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- May/15/23 2:36:26 p.m.
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Mr. Speaker, Canadians are grateful that the finance minister has finally returned to Canada. She said, “inflation and higher interest rates are really challenging for a lot of people. This means that...one of my principal responsibilities...is not to pour fuel on the flames of inflation. So fiscal responsibility is really important.” Those were the words of the finance minister just nine weeks ago. She cannot bring herself to answer basic questions about why the budget is the exact opposite. She has gone into hiding, trying to distance herself from her own government.
Canadians want to know if she is going to answer the question. If not, will she get out of the way so that Conservatives can just take over?
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- May/15/23 2:47:18 p.m.
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Mr. Speaker, the finance minister and the government have quite a bad track record for making predictions. They told us interest rates would remain low, so we must spend. They told us that deflation was more likely than inflation. When inflation came, they said it would be here for just a little while. The minister assured us the economy would continue to grow, and now it has slowed to a halt. They are always playing catch-up, and Canadians are paying the price. We are now spending as much on interest on the debt as we are sending to provinces for health care.
How can Canadians afford any more of the Liberal government?
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- May/15/23 2:48:45 p.m.
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Mr. Speaker, the finance minister's inflationary budget is costing each Canadian family $4,200, yet she said, “We are absolutely determined that our debt-to-GDP ratio must continue to decline. Our deficits must continue to be reduced.... This is a line we will not cross.” The finance minister clearly understands that the government's deficits are driving up inflation, interest rates and unaffordability, yet she doubles down on them.
I will give her one more chance today. Will the finance minister finally listen to her own advice and cut this inflationary spending?
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