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Decentralized Democracy

House Hansard - 251

44th Parl. 1st Sess.
November 20, 2023 11:00AM
  • Nov/20/23 2:37:42 p.m.
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Mr. Speaker, after eight years of out-of-control spending by the Liberal government, experts at Scotiabank now say that two percentage points of interest rate increases are due to government spending. An extra 2% on mortgage costs means over $8,000 a year for Canadian borrowers. Canadians are realizing the Prime Minister is not worth the cost. When Scotiabank says, “You're richer than you think”, it did not mean spend like drunken sailors. On what date will the government balance the budget?
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  • Nov/20/23 2:38:59 p.m.
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Mr. Speaker, my message for any provincial premier is the same as the message for the Prime Minister: Take responsibility for government spending because it is driving inflation and making interest rates unaffordable for Canadians. The Bank of Canada says that all governments need to spend less than 2% growth in order to keep inflation under control. The government's own projections in the budget in the spring says that the government will spend over 3.5% growth next year versus this year. When are Liberals going to get that they are part of the problem and they have to balance the budget so Canadians can keep their homes?
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  • Nov/20/23 3:24:31 p.m.
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Mr. Speaker, I rise on a point of order. During question period, I compared the government to drunken sailors. I regret that comparison because drunken sailors spend their own money. I would like to apologize to drunken sailors everywhere.
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