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Decentralized Democracy

House Hansard - 237

44th Parl. 1st Sess.
October 23, 2023 11:00AM
  • Oct/23/23 2:34:44 p.m.
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Mr. Speaker, after eight years of the Liberal-NDP government, spending is out of control and inflationary deficits are pushing up mortgage costs. The Parliamentary Budget Officer says that the deficit this year will increase to over $46 billion. Everyone now agrees that spending is driving interest rates. Every month, 70,000 households are renewing their mortgage and they are realizing that the Prime Minister is not worth the cost. Will the government rein in inflationary deficits and put forth a plan to balance the budget so Canadians can keep their homes?
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  • Oct/23/23 2:35:22 p.m.
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Mr. Speaker, I can speak to the fact that Canada has created over one million more jobs compared to pre-pandemic levels, has the lowest debt-to-GDP ratio, the lowest deficit in the G7 and lower inflation than our comparative partners around the world. The IMF and OECD project the strongest growth in 2024. We know that Canadians are struggling right now, but the real difference between us and the Conservatives is that our government will not abandon people in need like the Conservative leader has made abundantly clear time and time again.
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  • Oct/23/23 2:44:10 p.m.
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Mr. Speaker, after eight years of the Prime Minister's high inflationary deficit and punishing tax hikes, seniors are being forced out of their homes and onto the streets. John, a senior, had a monthly mortgage payment of $1,000, but today it ballooned to $2,600. He was forced to sell his home, but with rent increases, he cannot find an affordable apartment. He will soon find himself homeless. The Prime Minister is just not worth the cost. Has he finally learned that the budget does not balance itself?
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