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Decentralized Democracy

House Hansard - 229

44th Parl. 1st Sess.
October 4, 2023 02:00PM
Context: House Hansard - 229 - Oct/4/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/4/23 2:43:56 p.m.
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Mr. Speaker, after eight years of excuses, inflationary debt and taxes, food prices and mortgage prices are raging out of control. In fact, mortgage payments are up 150%. When the government borrows money and competes with Canadians for their mortgage rates, it drives up the cost of lending. Will the Prime Minister tell Canadians how much his government will borrow this year? How much?
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Context: House Hansard - 229 - Oct/4/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/4/23 2:48:13 p.m.
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Mr. Speaker, he will not tell us the facts because he does not even know the facts. This is a man who is going to borrow $421 billion this year. If the government bought 421 billion apples, the price of apples would go up. When it borrows $421 billion, the price of debt goes up in higher interest rates. That is why Canadians are paying 150% more on their mortgages. How much will the government force Canadians to spend on national debt interest this year?
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Context: House Hansard - 229 - Oct/4/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/4/23 2:49:59 p.m.
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Mr. Speaker, the Prime Minister should be taking economics lessons from everyone. This is a guy who said that budgets balance themselves, right before he doubled the debt. This is a guy who said he does not think about monetary policy, right before he led interest rates to rise faster than at any time in Canadian history. This is a guy who, until I told him, did not even know how much he was borrowing out of the Canadian economy. This is a guy who has doubled the rent, doubled mortgage payments and doubled the needed down payment. It is about time he took some lessons. Why does he not go to the library and do a little bit of studying?
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