44th Parl. 1st Sess.
September 19, 2023 10:00AM
- Sep/19/23 2:16:37 p.m.
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Mr. Speaker, “just inflation” cost everyone. Most young people feel they will never own a home. Rent has doubled, the Liberal-NDP inflationary deficits are driving up interest rates and families cannot afford their mortgages. Mortgage payments on a typical home are up 151% since the Prime Minister took office.
The Prime Minister just said this about young people affording a home, “that loss of of of hope and optimism is devastating for people's morale. Of course, they're going to they're going to grumble at government.” Grumble? No wonder young people's morale is down when a national Bank of Canada's report says that it now takes 37 years to save for a house in Vancouver.
Former Liberal finance minister John Manley said that the Liberals' deficits pressed on the inflationary gas pedal, which forced the Bank of Canada to press harder on the brakes with higher interest rates.
Who will pay the cost of the Liberal-NDP runaway inflation which spiked at 4% today? We all will. The Prime Minister is just not worth the cost.
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- Sep/19/23 2:19:02 p.m.
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Mr. Speaker, the inflation rate is accelerating again, proving that after eight years in office, this Prime Minister is just not worth the cost.
Inflation is higher in Canada than it is in the United States or Japan. The cost of everything is rising, even though the Prime Minister and his ministers announced that inflation was going to fall.
The reality is that these rising costs are the result of an inflationary deficit that the government racked up five months ago. That money is now circulating in the economy and inflating prices. We can even hear apocalyptic music in the background.
When is he finally going to balance the budget to lower inflation and interest rates?
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- Sep/19/23 2:20:43 p.m.
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Mr. Speaker, three years ago, I warned this Prime Minister that printing money and doubling the national debt would cause inflation. He refused to admit it. Now it has become a reality.
Five months ago, I warned him that an inflationary deficit would cause the problem we are experiencing today. In fact, even the Minister of Finance said that deficits add fuel to the fire of inflation. Then she added $60 billion of fuel to the fire of inflation.
When will they balance the budget to reduce inflation?
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- Sep/19/23 2:31:54 p.m.
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Mr. Speaker, the NDP leader just now asked why we should trust the Prime Minister. Why does he continue to trust the Prime Minister, and to prop him up over and over again?
The Liberal-NDP coalition pile-drives Canadians further, up to 4% now. This finance minister was doing victory laps just two months ago, saying that she stopped inflation. It has gone up 43% since then. After eight years of this incompetency, the Liberals are just not worth the cost anymore. They have doubled the cost of rent and mortgages, and the time it takes to save up for a down payment.
When will the Liberals stop fuelling inflation and pressing the gas on their inflationary spending so that Canadians do not lose their homes?
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- Sep/19/23 2:33:13 p.m.
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Mr. Speaker, this is coming from the minister who, three years ago, said that interest rates would stay super low. Then the government piled up so much debt that the interest rates went up. Now Canada is the most at risk in the G7 for a mortgage default crisis.
Maybe the minister should take advice from former Liberal finance minister John Manley who said that their deficits are like pressing the gas while the Bank of Canada is slamming on the brakes with their interest rate hikes. These interest rate hikes have not been seen in the last three decades.
When will the Liberals stop the inflationary spending and balance the budget so interest rates could come down and Canadians would not lose their homes?
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- Sep/19/23 2:34:28 p.m.
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Mr. Speaker, mortgage costs for Canadians are going up because of the Liberal-NDP government's spending and deficits. Even the current finance minister said that spending and deficits are like pouring fuel on the inflationary fire. John Manley said that it is like pressing on the gas pedal while the Bank of Canada is pressing on the brake with higher interest rates.
Canadians are realizing that the current Prime Minister is not worth the cost. When will the government stop its inflationary deficits so that Canadians can keep a roof over their heads?
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- Sep/19/23 2:43:22 p.m.
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Mr. Speaker, just two months ago the finance minister said, “Canada's plan to bring down inflation is working.” Clearly, the Liberals are experiencing inflation differently, because it is not going down; it is up again today. After eight years of the current Prime Minister, mortgage payments are up 151%, and Canadians are suffering. He is not worth the cost.
When will he admit that his inflationary spending is leaving Canadians homeless?
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- Sep/19/23 2:45:53 p.m.
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Mr. Speaker, these are failed plans. After eight years of the Prime Minister, finding an affordable place to live is a crisis. Under the NDP-Liberal government and its out-of-control spending, inflation and interest rates are both skyrocketing.
Rents have doubled, mortgages have doubled and people are becoming homeless. Will the Prime Minister stop his inflationary spending so Canadians can keep a roof over their heads?
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- Sep/19/23 2:47:02 p.m.
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Mr. Speaker, two months ago, the finance minister declared victory over inflation. However, just today, inflation went up again: over 43% since that declaration. Even former Liberal finance ministers Bill Morneau and John Manley agree deficits lead to inflation, yet the government keeps piling more and more on the inflationary fire, which is costing more and more Canadians their homes.
Does the Prime Minister have any plans to keep his promise to balance the budget so Canadians can keep their homes?
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- Sep/19/23 2:54:34 p.m.
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Mr. Speaker, the Liberal-Bloc coalition seeking to drastically increase carbon tax 2.0 is fuelling inflation across the country. It is outrageous. Everything costs more because of this obsession of the Liberal Party and the Bloc to drastically increase the inflationary carbon tax.
Will the Prime Minister and his coalition with the Bloc listen to reason and cancel their plan to drastically increase the inflationary carbon tax?
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- Sep/19/23 2:55:44 p.m.
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Mr. Speaker, the government and its coalition with the Bloc want to drastically increase the cost of living for Canadians. Voting Bloc is costly. Gas taxes will be sky-high. Electricity bills will go through the roof. Grocery bills will skyrocket. Rent prices will balloon.
Will the government reject the Bloc's demand to drastically increase inflationary carbon taxes? The Bloc is against common sense.
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- Sep/19/23 2:59:52 p.m.
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Mr. Speaker, after eight years of the government, Canadians are seeing record inflation, and they are seeing their grocery prices skyrocket thanks to the carbon tax. Tiff Macklem, the Bank of Canada governor, agrees and said that the carbon tax announcements that have it going up increase inflation each year.
The NDP-Liberal carbon tax has increased the cost of apples by 61%, and that is just one example. Everything is more expensive.
Will the Prime Minister cancel his plans to increase his inflationary carbon tax?
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- Sep/19/23 3:01:09 p.m.
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Mr. Speaker, it is not rocket science; it is basic math that the NDP-Liberal government just does not seem to get. If it costs the farmer more to grow the food and costs the trucker more to ship the food, it is going to cost Canadian families more to buy the food.
After eight years of raising taxes on families, farmers and truckers, they want to quadruple the carbon tax. The Prime Minister is not worth the cost.
When will the Prime Minister cancel his plans to increase his inflationary carbon tax?
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- Sep/19/23 3:07:22 p.m.
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Mr. Speaker, what the member does not know is our farmers could produce more if he would stop cutting their legs out from under them. There is a 76% increase in the cost of carrots, a 76% increase in the cost of potatoes and a 76% increase in the cost oranges.
There is no doubt the carbon tax is inflationary, but do not take my word for it. Take the word of the governor of the Bank of Canada, who recently said that every time there is an announcement and the carbon tax goes up, that increases inflation each year. When we tax the farmers who grow the food and tax the truckers who truck the food, that increases the price of food across the country. The Prime Minister is not worth the cost.
When will the Prime Minister and his NDP government cut the carbon tax so Canadians can put food on their table?
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