44th Parl. 1st Sess.
June 13, 2023 10:00AM
- Jun/13/23 11:23:31 a.m.
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Mr. Speaker, we have seen in the last two or three years here the Liberal government on a $400-billion spending spree. We have just seen the House pass a $60-billion deficit budget again. This reckless spending has created inflation, and inflation is creating higher interest rates. I am wondering if the member could respond to the House as to how that is impacting or exacerbating the situation.
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- Jun/13/23 2:03:12 p.m.
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Mr. Speaker, according to the Liberal government, everything is fine. Why is it that one in five Canadians are visiting a food bank? Why is it that deficits continue to pile up? Why is it that students are being forced to choose between education and accommodation? Why is it we have more debt, more inflation, more taxes and higher costs? It is because the Liberal government has added over $60 billion in inflationary spending.
There is more bad news. Not only do we have carbon tax 1, but carbon tax 2 is coming, which is going to cost Saskatchewan families over $2,800.
Common-sense Conservatives understand the hardships caused by the Liberal government's failed policies. Canadians from coast to coast to coast cannot wait to boot this tax-and-spend government off to the sidelines.
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- Jun/13/23 2:14:19 p.m.
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Mr. Speaker, it has been 40 years since the Trudeau government caused such pain for Canadians with inflationary spending and skyrocketing interest rates. I remember when that Trudeau came through my hometown while on vacation and gave his famous Salmon Arm salute from his private rail car to a group of protesters calling for restraint on government spending. Interest rates would reach record levels and people could not afford to keep up with the soaring cost of living.
Now, 40 years later, it is the same out-of-control spending. Sixty billion dollars' worth of fuel poured on the inflationary fire is causing the interest rates to rise 19-fold higher than they were a year ago, and the Prime Minister wants to go on another vacation. While the PM goes on vacation, Conservative members will work through the summer to make things right so that Canadians can afford groceries, the cost of living and homes. For their home, my home, our home, let us bring it home.
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- Jun/13/23 2:27:28 p.m.
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Mr. Speaker, the Prime Minister's inflationary spending binge caused the price of everything to go up. All that spending and all that money he flooded into the financial system bid up housing prices, which doubled, leading to the most expensive housing prices in the G7. It now takes 25 years for the average family in Toronto to save for a down payment. They used to be able to pay off an entire mortgage in that time period. It takes roughly 90% of a Vancouver family's monthly income to pay the average monthly mortgage.
Will the Prime Minister balance the budget to bring down inflation and interest rates so that Canadians do not lose their homes?
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- Jun/13/23 2:48:51 p.m.
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Mr. Speaker, young adults are living in basements. Students are living in shelters or slums, even. Another heartbreaking example is the couple in Montreal who have to sleep in their car because they cannot find affordable housing.
The government is spending lavishly and fuelling inflation. It needs to take action today, now.
What is the target date for balancing the budget?
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- Jun/13/23 2:55:49 p.m.
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Mr. Speaker, the cabinet minister needs to get out of his ivory tower and wake up to the everyday common problems Canadians face.
Canadians will be going to renew their mortgages in 2024 and 2025, and they are going to face a grim reality with the interest rates. In addition, businesses are trying to make investments to improve productivity, which would actually reduce inflation, if we can imagine that.
When are the out-of-control-spending Liberals going to get their spending under control, reduce inflation and get interest rates under control?
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- Jun/13/23 2:57:59 p.m.
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Mr. Speaker, I respect the hon. colleague a great deal. He knows, like we do, that the inflationary cycle taking place in Canada is not a Canada-only phenomenon. Inflation is taking place across the world.
Let us listen to the Governor of the Bank of Canada, Tiff Macklem, who said that government spending patterns are not standing in the way of inflation getting back to target. In our projections, which incorporate those measures, we have inflation coming back to target.
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- Jun/13/23 3:05:23 p.m.
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Mr. Speaker, after eight years, this Prime Minister is out of touch and Canadians are out of money. The Liberals' out-of-control spending has caused inflation to reach record levels.
That is not all that is reaching record levels: More Canadians are using food banks than ever before. In fact, just last month, the food bank in Saskatoon held a food drive, as food bank usage has reached a new record of 24,000 people monthly.
Will the Prime Minister reverse his inflationary policies so that Canadians can afford to put food on the table?
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