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Decentralized Democracy

House Hansard - 295

44th Parl. 1st Sess.
April 8, 2024 11:00AM
  • Apr/8/24 2:13:12 p.m.
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Mr. Speaker, the Financial Post headline says it all. Scotiabank reports that the Bank of Canada rate cuts could be delayed due to high government spending. Under the Prime Minister, our national debt has more than doubled, more than all other prime ministers combined. The consequences are spiralling inflation and skyrocketing interest rates hitting every single Canadian family. Rents and mortgages have doubled. Food banks see record visits in the millions. Where is the Liberal government? It is MIA, missing in action. This year alone, Canada will spend $46.5 billion just to service the growing debt. That is more than we spend on health care annually in the entire country. After eight years of the NDP-Liberal government, common-sense Conservatives demand a dollar-for-dollar rule, for every new dollar spent, a dollar has to be found and saved. It is common sense. We need to stop the reckless overspending, stop inflation and stop punishing Canadian families. After all, this is how Canadian families balance their own budgets every single month, Enough is enough. My constituents know that the Prime Minister is just not worth the cost, and after the next carbon tax election, we will finally have a Conservative government.
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  • Apr/8/24 2:23:12 p.m.
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Mr. Speaker, while the common-sense Conservatives want to fix the budget to bring down inflation and interest rates, the Prime Minister is not worth the cost of mortgages. According to Scotiabank's chief economist, this Prime Minister's inflationary deficits are increasing interest rates by 2% and preventing the Bank of Canada from lowering them. Canadians could lose their homes because of big multi-billion dollar announcements of inflationary spending. Will the Prime Minister acknowledge that this spending and these mortgages are not worth the cost?
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  • Apr/8/24 2:59:51 p.m.
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Mr. Speaker, the Liberal government is just throwing taxpayer money at a wall without any thought about execution, and it is making matters worse for Canadians. It is a whack-a-mole approach to economic policy. Obviously, after eight years of the NDP-Liberal government, Canadians cannot afford the Prime Minister, his excess spending or his corruption. Scotiabank says that rate cuts could be delayed by high government spending. Next week, the Minister of Finance will table her budget. It is time for the deficits to stop. Will the minister commit to a dollar-for-dollar reduction in order to bring inflation and interest rates under control?
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  • Apr/8/24 3:01:14 p.m.
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Mr. Speaker, what is keeping interest rates so high is Liberal deficit spending. That is what. Now we can add Scotiabank to the long list of economists saying that after eight years, the NDP-Liberal government is not worth the cost. Record-high deficits are keeping housing, food and fuel at record-high prices. Will the Prime Minister fix the budget and adopt our common-sense Conservative policy by bringing in a dollar-for-dollar rule to bring down inflation and interest rates?
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