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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
Mr. Jasraj Singh Hallan
  • May/29/23 8:28:33 p.m.
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Mr. Chair, since the minister flip-flopped on that, she also flip-flopped when the Liberals said, in 2015, they would run modest, short-term deficits of less than $10 billion in each of the next two years and return to balance in 2019. What happened?
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Context: House Hansard - 201 - May/29/23
Mr. Philip Lawrence
  • May/29/23 8:34:43 p.m.
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Mr. Chair, it went up from 42% to 43%, which is odd because, in this very House, the Minister of Finance said, “On this point, let me be very clear. We are absolutely determined that our debt-to-GDP ratio must continue to decline and our deficits must continue to be reduced. The pandemic debt we incurred to keep Canadians safe must be paid down. This is our fiscal anchor. This is a line we will not cross.” Why did they cross the line?
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Context: House Hansard - 201 - May/29/23
Mr. Philip Lawrence
  • May/29/23 8:37:06 p.m.
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Mr. Chair, the key number there is per capita. The growth rate is 0.8% over the last 10 years. That is the worst since the Great Depression. We have record-high deficits. We have record-high debt. We have a slowing economy and record-low economic growth. This is very disappointing.
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Context: House Hansard - 201 - May/29/23
Mrs. Dominique Vien
  • May/29/23 8:41:35 p.m.
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Mr. Chair, can the minister tell us the cost to service Canada's debt, meaning how much it is costing Canadians to pay for the deficits she presented?
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Context: House Hansard - 201 - May/29/23
Ms. Melissa Lantsman (Thornhill, CPC)
  • May/29/23 8:58:55 p.m.
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Mr. Chair, I am going to split my time three ways. I thank the minister for coming. The minister agrees that deficits fuel inflation. She said so. How much will the $60 billion that she just spent increase inflation over five years?
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