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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/21/23 3:02:20 p.m.
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Mr. Speaker, Canada has the worst household debt in the G7, by far the worst, and that debt risks blowing up when rates rise. One of the ways the Prime Minister has been wasting money is that he gave $210 million to the Asian infrastructure bank, which is controlled by Beijing and designed to build the infrastructure of Beijing's Communist empire throughout Asia. We warned him five years ago and now some of that bank's own executives are speaking out against it. He claims he is stalling his involvement in the bank, but the real question is this: When will we get our $200 million back?
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Context: House Hansard - 218 - Jun/21/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/21/23 5:20:18 p.m.
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moved: That, given that, (i) Liberal budget 2023 adds more than $60 billion in new spending — that is $4,200 per family, (ii) inflation in Canada increased following the introduction of $60 billion in new Liberal spending, (iii) following the increase in Canada's inflation, interest rates were increased to 4.75%, (iv) the IMF warns that Canada is the country most at risk of a massive mortgage default, (v) average mortgage payments are up 122% since the Liberal Prime Minister took office, (vi) Canadian households have the most debt as a share of GDP of any country in the G7, (vii) the solution is to eliminate the deficits, balance the budgets in order to bring down inflation and interest rates, the House call on the government to table a plan to return to balanced budgets.
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