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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:37:25 p.m.
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Mr. Chair, that is simply not true. Canada's deficit is forecast, this year, to be 1.4%. That is low not only by world standards; it is low also by Canadian historical standards. Our debt service charges, even in this time of high interest rates, are lower than they were for most of the Harper era.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:42:18 p.m.
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Mr. Chair, he said that the cost of servicing the debt should be no more than 10% of revenues. We are at that point. When he was prime minister, Mr. Harper was paying more than that to service the debt.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:01:22 p.m.
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Mr. Chair, I believe that the member opposite was a staffer in the Harper government, so let us talk about the 2008 recession and the incredibly slow and painful recovery Canada made because of a government that refused to invest in Canada's recovery. I have some numbers there and I am happy to share them in future questions.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/29/23 9:04:39 p.m.
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Mr. Chair, I believe the member opposite is another former Harper staffer, so I want to remind him of the incredibly poor recovery his government made from the 2008 recession. We learned from that experience—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:06:10 p.m.
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Mr. Chair, as I said, the member opposite was a staffer during the failed Harper government that engineered a very slow recovery from the 2008 recession. It took 27 months for jobs to recover. It took only 21 months for jobs to recover following the COVID recession, which was much deeper because of the historic shock of COVID. That is because of a government that did not understand the need to invest and support Canadians. Yes, we took on—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:09:01 p.m.
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Mr. Chair, the Harper government did have low growth. It had a remarkably lacklustre recovery from the 2008 recession. It took four months longer for GDP to recover from the 2008 recession than our recovery took from the COVID recession. It took 27 months for jobs to recover from the 2008 recession, but only 21 months after the much deeper COVID recession, and it was a shocking 110 months for the unemployment rate to—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:37:24 p.m.
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Madam Chair, again, here is what David Dodge had to say, and I think it will be illuminating for people in the House: “because it was obsessively focused on reducing the federal deficit...the Harper government”—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:37:51 p.m.
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Madam Chair, again, this is what David Dodge said: “The Harper government unnecessarily contributed to a slower, rather more muted recovery in Canada through to 2015”—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:39:19 p.m.
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Madam Chair, we learned the lesson that these Conservatives have still not learned, which was that Harper economics failed us in 2008. We were not going to repeat those mistakes—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/29/23 9:41:09 p.m.
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Madam Chair, how much did the Harper government's failure to support Canadians after 2008 cost—
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