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Decentralized Democracy

House Hansard - 208

44th Parl. 1st Sess.
June 7, 2023 02:00PM
  • Jun/7/23 3:01:39 p.m.
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Mr. Speaker, the Prime Minister is not sending any help. Everything he spends he has to take. It reminds us of when he said he was going to take on government debt so that Canadians would not have to. The Liberals are now stuck with twice the national government debt and the biggest household debt of any country in the G7. At the time, the Prime Minister flooded the economy with cheap cash, which increased housing prices and therefore mortgage debt. Canadians now have more debt than at anytime in our history, more debt than the size of our entire economy, and they are being hit with a 19-fold increase in interest rates. How will they ever pay their bills?
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