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Decentralized Democracy

House Hansard - 252

44th Parl. 1st Sess.
November 21, 2023 10:00AM
Context: House Hansard - 252 - Nov/21/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/21/23 4:23:02 p.m.
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Mr. Speaker, with its $20 billion in costly new spending, this update can be summed up very simply: prices up, rent up, debt up, taxes up and time is up. Common-sense Conservatives will vote non-confidence on this disgusting scheme. After eight years in power, this Prime Minister is not worth the cost. Today, he is adding another $20 billion to inflation, which will put more pressure on interest rates. He is also proposing to raise taxes on the backs of the middle class. That is why the common-sense Conservatives will be voting against it. A year ago, the finance minister told the House she would have the budget balanced by the year 2028. In that time, she has announced $100 billion of additional debt, above and beyond having doubled that debt in the first place. This debt is already being paid by Canadians with the worst inflation in 40 years and with interest rates that risk a mortgage meltdown on the $900 billion in mortgages that will renew over the next three years. That is two-thirds of mortgages, and the IMF is saying that, of all 40 OECD countries, Canada is the most at risk of a mortgage crisis. Her solution now is another $20 billion of inflationary spending. This is after the Governor of the Bank of Canada has said that deficits are adding two full percentage points to mortgage rates on the backs of Canadians. Finally, today, the government goes ahead with a plan to quadruple the carbon tax, quadruple—
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Context: House Hansard - 252 - Nov/21/23
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Nov/21/23 4:30:31 p.m.
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Mr. Speaker, the minister mentioned in her remarks that we are facing a housing crisis, certainly a significant housing shortage. She talked about how Canada has the lowest debt in the G7. She talked about how it has the lowest deficit in the G7. The Governor of the Bank of Canada said that spending on housing would not be inflationary. She announced some measures today for social housing, but they do not start until 2025-26—
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Context: House Hansard - 252 - Nov/21/23
Mr. Larry Maguire
  • Nov/21/23 6:06:40 p.m.
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Mr. Speaker, I am very concerned about the fact that, in this fall economic statement, the Liberals are talking about how the cost of health care next year will be exceeded by the debt payments made by the government. It will cost more to pay the debt down than it will for the health care that is being put forward. At the same time, the Liberals are increasing the revenues from employment insurance by about 30%. Does my colleague have anything to say about that and, particularly, the concern about health care?
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