SoVote

Decentralized Democracy

House Hansard - 306

44th Parl. 1st Sess.
May 1, 2024 02:00PM
Context: House Hansard - 306 - May/1/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • May/1/24 3:09:12 p.m.
  • Watch
Mr. Speaker, families are already living in austerity. The government is living in abundance. The people are poor, the government is rich. The more the government spends, the more Canadians pay. Interest rates are high, and the government's spending and borrowing are driving them even higher. Have finance department officials briefed the Prime Minister on how much higher borrowing an additional $300 billion will drive up interest rates on families' mortgages?
73 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 306 - May/1/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • May/1/24 3:12:17 p.m.
  • Watch
Mr. Speaker, the Prime Minister is not worth the cost of debt interest. He doubled our national debt, adding more debt than all previous prime ministers combined. Now, we learn in his new budget bill that he is going to seek another $300 billion of debt, money that he would borrow out of the economy. That is equal to over 10% of our GDP, which would surely put upward pressure on interest rates. How much would all this government binge borrowing add to the mortgage payment of the average family?
90 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 306 - May/1/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • May/1/24 3:15:22 p.m.
  • Watch
Mr. Speaker, inflation and higher interest rates are the costs Canadians pay for the spending that the Prime Minister told them was free. It is not free. Nothing is free. Every dollar he spends comes out of the pockets of Canadians directly through taxes or indirectly through inflation and interest rates. Now he wants to do another $300 billion of binge borrowing. Will he put aside that radical scheme and, instead, accept my common-sense plan to fix the budget with a dollar-for-dollar law so we can bring down interest rates and inflation for Canadians?
97 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 306 - May/1/24
Mr. Damien Kurek (Battle River—Crowfoot, CPC)
  • May/1/24 5:18:05 p.m.
  • Watch
Mr. Speaker, I was astounded, quite frankly, when I saw in the ways and means motion, which the Deputy Prime Minister and finance minister will be putting forward, an increase to the debt borrowing limit of this country of $295 billion. That is astounding. I am troubled by the massive increases in spending that this budget sees and by the fact that there is an increase of $295 billion. Can the member try to explain to the House and to Canadians why in the world they need a $295-billion increase to Canada's borrowing?
95 words
  • Hear!
  • Rabble!
  • star_border