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Decentralized Democracy

House Hansard - 216

44th Parl. 1st Sess.
June 19, 2023 11:00AM
  • Jun/19/23 2:28:45 p.m.
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Mr. Speaker, after eight years of this Prime Minister, the cost of housing has doubled. The cost of a down payment for the average house has doubled. Monthly mortgage payments have doubled. The average cost of rent has doubled. Now the Minister of Finance is introducing another $60 billion in inflationary deficits. That is $4,200 per Canadian family. When will the minister balance the budget to reduce inflation and lower interest rates?
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  • Jun/19/23 2:33:09 p.m.
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Mr. Speaker, what we did in 10 years was reduce emissions while the economy grew, which proves the following quote, “I take great exception to the federal minister always forcing this into a dichotomous issue ‘either you believe in exactly what we say or you don’t believe in climate change.’ That’s completely illogical, it’s a false dichotomy, it’s a false dilemma, and it’s as insulting... as it is simplistic.” Who said that? The Liberal premier of Newfoundland. He says that the carbon tax will bring inflationary pressures to his people. Why will the Liberals not listen to the Liberal premier and axe the tax?
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  • Jun/19/23 2:58:09 p.m.
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Mr. Speaker, experts across Canada and the world are sounding the alarm bells. The Liberal government deficits are causing mortgage defaults because of inflation driving interest rate hikes. One mortgage broker in Ontario said that it may be the last straw. Washington and Paris are taking note as well. The IMF and the OECD have singled out Canada as the nation with the highest risk of mortgage defaults. Will the Prime Minister listen to domestic and international experts and end his inflationary deficit spending?
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  • Jun/19/23 2:59:24 p.m.
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Mr. Speaker, the long-term consequences of the current government's inflationary deficit spending on Canadian mortgage-holders is already at a head, driving up interest rates to the highest in 22 years. Senior economists across the Canadian banking sector have all indicated that another hike is likely in July, another cost-of-living hike on top of the carbon tax hike. At what point will the government stop footing middle-class Canadians with the bill for its poor economic and fiscal stewardship?
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