44th Parl. 1st Sess.

June 7, 2023 02:00PM

Jun/7/23 9:57:33 p.m.
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Madam Speaker, I understand the member is enjoying a little bit of popcorn. He is enjoying the show. I agreed to put on a show for the members of the government here today. I hope that they have learned a little bit here today because the message that I am bringing to them is one that they should have already known if they had spent more time talking to truckers, waitresses, welders and other great Canadians. I do include truckers among the greatest of Canadians. If they had listened to those people then we would not be in the mess that we are in. It is funny. I would say on Parliament Hill, as the Liberals were printing all of this money, that we were going to have inflation. The Liberals would say, “Oh, that's so simplistic. That'll never happen." Then I would go out to my riding and I would say that to farmers, truck drivers and welders who would say, “Yes, of course”. Who was right in the end? The farmers and the truckers. The everyday hard-working people with common sense actually had the right answer. In fact, I think we would all be better off if fewer of these so-called self-appointed experts, who consistently get it wrong, were in charge of the country and more of the common sense of the common people were brought forward. That is really the purpose of my candidacy for prime minister, to bring forward the voice of those common people, a voice that the Liberals would like to drown out. Some hon. members: Oh, oh! Hon. Pierre Poilievre: Right now they are trying to shout me down and talk me down but they cannot silence me. The voice of the people is growing louder and louder. It is growing into a chant. The common sense of the common people will prevail against this tiny group of elites who continually try to silence them as it pushes us further and further into the trouble we face today. We need to discuss how we are going to fix the mess that I will inherit when I become prime minister. Canadians deserve to know that there is a way to transform the hurt that the Prime Minister has caused into the hope that Canadians need, and so it is today that I bring forward that hope. We are going to bring home lower prices by capping government spending, cutting government waste to eliminate inflationary deficits. Now this is a point on which the government agreed with me only six months ago when the finance minister said that she would deliver a 2027 budget balance, something that surprised but impressed me. Only six months later, half a year, she has plunged us deeper into debt with $60 billion of additional inflationary spending; that is $4,200 per person. By cutting waste like the ArriveCAN app, the $35-billion Infrastructure Bank, the contracts to McKinsey and the other consulting insiders, by rooting out waste and corruption, by finding ways to compress internal and back-office budgets, we will get back to a balanced budget and, in so doing, we will lower inflation and lower interest rates. That will allow those hundreds of thousands, if not millions, of families who will be renewing their mortgages to do so at a moderate rate in order to avoid the mass bankruptcies that I warned against earlier on today. This kind of common-sense fiscal management is not foreign to Canadians. In fact, it was common across this country for a quarter-century from the mid-1990s until 2015, there was a consensus that government should balance the budget unless there was a recession or some major temporary crisis. This was a consensus, believe it or not, across all political parties, NDP, provincial governments, Conservative and Liberals here in Ottawa, a consensus that was shattered by the Prime Minister whose radical, leftist agenda took us into the permanent deficits, the permanent borrowing, the money printing that created the chaos that we have today. What did that quarter-century of consensus give us? It gave us a massive increase in our quality of life as Canadian housing became more affordable, paycheques became more powerful and taxes were much lower. The cost of the government went from 52% of GDP in 1993 to approximately 37% of GDP. That meant that Canadians had more money to make their own decisions, to raise their families, to start their businesses, to build a future. We developed the lowest debt in the entire G7 as a share of our GDP, something that we protected and something that allowed us to be a shock absorber against the crises of the 2008 recession and the COVID pandemic. All of that was enabled because governments accepted a common-sense approach to balancing their budgets and to reducing debt as a share of the economy year after year. A Conservative government, led by me as prime minister, would re-establish that common-sense consensus and make balanced budgets the norm and deficits the exception again. That would allow for our debt to decline, for our interest rates to be low, for our purchasing power to be maintained or, perhaps, in some cases, even grow. I see the members across the way say that there is no way that purchasing power could ever grow, but why not? We have an increase in technology every single year, incredible technology that is able to generate more output with every hour worked. That is what technology does. We are actually able to produce more food on less land than ever before and we are able to produce more milk with fewer cows. We are able to produce more beer cans with less tin. We are able to produce more output with each hour. Why does this not translate into lower prices? Should it not? If the input is lower to produce the output, then why is the cost not lower to the end-user? The answer is that the government continues to print cash, which neutralizes the cost savings and prevents people from truly benefiting from the massive productive power of the free enterprise economy. By reinstating disciplined spending, our central bank can focus exclusively on preserving and protecting the purchasing power of our money. The Swiss did this for 25 years. Their average inflation rate was 0.8%, half of what it was here in Canada during the same time period. They have the lowest inflation today. What this means is that over a 25-year period, the Swiss franc has now about 25% more purchasing power than the Canadian dollar. Why? Because they disciplined themselves to protect purchasing power, so that their money would be worth more. That means that the paycheques of the Swiss are more powerful and the money that those paycheques represent buys more. That should be our goal, to have powerful paycheques but also more powerful money with which one can buy things. That is the dream that we must aspire to by disciplining government spending and respecting the currency that we use. That is why I will get the central bank back to its core mandate, of protecting our money, and ensure that it does not engage in social and economic engineering. No more money printing. No more social causes. No more pushing governmental agendas that have nothing to do with the purchasing power of our money and no central bank digital currency. I will never allow the government to force people to put their money into a government bank account. Rather, we already have digital money. It is called a bank account. We already have digital money. It is called a credit card. People can already send e-transfers. We do not need the government to nationalize electronic financial transactions because we know that would only mean one thing. It would mean government bank accounts, which would mean government surveillance and government control. After the abuses that we saw with this government cracking down on the bank accounts of the people who disagree with it, I will make sure that this country never allows the government to take control of people's personal bank accounts. By bringing common sense back to our money, we will bring home lower prices for our people. That also includes getting rid of the carbon tax, the inflationary carbon tax. This government has brought in a 14¢-a-litre carbon tax, which has increased the cost of living for everyday Canadians without benefiting the environment. Today, the Prime Minister went so far as to claim that the carbon tax would mean fewer forest fires, something that is utterly contrary to basic science and basic reality. His carbon tax has not been able to reduce emissions; far be it to eliminate forest fires. The way that we combat climate change is with technology and not taxes. An hon. member: Is climate change real? Hon. Pierre Poilievre: Yes, it is real but their policies to respond to it are not real. The policies to respond to it by the government are designed to raise money for the politicians to spend, not to protect the planet. Our approach will be to deploy technology, not taxes, to defeat— An hon. member: Name one. Hon. Pierre Poilievre: Across the way, she heckles. That is okay. This could be a conversation—

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