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Decentralized Democracy

House Hansard - 254

44th Parl. 1st Sess.
November 23, 2023 10:00AM
  • Nov/23/23 2:23:24 p.m.
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Mr. Speaker, the Prime Minister's mini-budget was full of bad news for Canadians. Rent is up, taxes are up, prices are up and interest rates are up to fight the inflation his deficits caused. In fact, Scotiabank said that its mortgage rates would be two full percentage points lower if the government could just control its spending. That would be the difference, for hundreds of thousands of Canadians, between losing their homes and being able to renew their mortgages. Does the government realize that time is running out? Will it end its deficit spending so that Canadians can keep their homes?
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  • Nov/23/23 2:24:40 p.m.
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Mr. Speaker, what is disgraceful and cruel is using Ukraine's vulnerability, while Russian tanks are on its soil, to shove a carbon tax permanently down our throats. Canadians should not be fooled by the Liberals' phony outrage. They are desperate to talk about anything except for their terrible budget. That is because not only are workers' paycheques going to pay for higher prices and interest rates, but now their tax dollars are going to pay for higher interest payments on the national debt. In fact, next year the government will spend more on the national debt than on health care and the armed forces. When will the government stop its deficits so we can pay doctors, nurses and soldiers instead of bankers and bondholders?
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  • Nov/23/23 2:39:01 p.m.
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Mr. Speaker, the government's record is inflationary deficits driving up the cost of living. In fact, one year ago, the finance minister stood in the House and presented a plan that would balance the budget in 2027. When asked whether that was by mistake or by design, the minister took great boastfulness in saying that it was deliberate and by design. Except now we learn that the budget will be balanced in the year never. Does the government actually have a plan to ever balance the budget and bring down inflationary deficits so Canadians can keep their homes?
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  • Nov/23/23 7:09:11 p.m.
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Madam Speaker, I think the member opposite needs a time machine, because if he goes back to the period from 2010 to 2015, he will know that the Harper Conservative government ran five straight deficits, with $55 billion in deficits in 2010 to 2011 alone. Do people know what we got with that? We got the exact same plan. Every single time the Conservatives come into power, it is like a game plan that is always put in place. They make massive cuts, which hurts people. They even raised the age of retirement. With a Conservative government, we get cuts and deficits, and people get hurt. To the member, is it true or not that the Harper government, over a five-year period from 2010 to 2015, ran deficits of almost $100 billion, yes or no?
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  • Nov/23/23 7:10:15 p.m.
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Madam Speaker, yes, we ran deficits, and I know why. It is because we were in the greatest global meltdown of our banks that Canada and the world had ever seen. Where did that money go? I can tell the House where it went in my riding. It went to lift stations, to water treatment plants and to sewer lines. It went to things that Canadians actually needed. It was spent to actually create jobs and employment. It was returned to the economy and came back in taxes. That is where that money went. Tell me where the Liberal government's money went. Where did the billions of dollars go? I do not know. We got the ArriveCAN app; maybe some of it went there. Where else did it go? It is like the $40 million; nobody knows.
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  • Nov/23/23 9:49:03 p.m.
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Mr. Speaker, Liberal times are always tough times. All we have to do is look at their record. When we look at the misery index, which is the combination of inflation rates, unemployment rates and mortgage rates that usually lead to the highest suicide rates, they happened 40 years ago under Pierre Elliott Trudeau and they are happening today under the Liberals. Housing costs have doubled, violent crime is up 39% and two million people are standing in lines at food banks because these guys have mismanaged the economy. We have a situation where the Liberals continue to talk the game, but, in reality, have made things worse. The member wants to talk about deficits. They have not balanced the books yet. Under the Prime Minister, they have doubled the national debt that is more than all previous prime ministers in the history of Canada combined. The member has nothing to brag about. Liberals are making things worse and they are going to be punishing our kids, our grandkids and our great-grandchildren with these huge deficits, high interest rates and high mortgages.
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