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Decentralized Democracy

House Hansard - 306

44th Parl. 1st Sess.
May 1, 2024 02:00PM
  • May/1/24 3:09:12 p.m.
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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?
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  • May/1/24 3:15:22 p.m.
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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?
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  • May/1/24 5:18:05 p.m.
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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?
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Madam Speaker, we are talking about budget 2024. The Liberal government claims that its ongoing investments are making life more affordable for Canadians and improving access to housing. That claim is straight out of the budget report. I was very surprised to hear that, because what I have heard from people in my home community, as well as from Canadians right across the country, is exactly the opposite: that the government's mismanagement of the economy is leading to making life less affordable for Canadians. Think of the two million people who now regularly go to food banks. Food banks are even turning away people because there is so much demand. Those people do not think that life is becoming easier or more affordable. How about improving access to housing? Housing is now twice as expensive as it was when the Liberal government first took office. Munir is from my community. Together with his brother and his parents, they bought a house two years ago. With a low interest rate, their mortgage payments were $4,000 a month. Just last month, they had to renew their mortgage for $8,200 a month. They do not think that life is becoming more affordable. Common-sense Conservatives have three demands to fix the budget and bring Canadians the relief that they desperately need. First, we say to axe the carbon tax on farmers and food by immediately passing Bill C-234 in its original and unamended form. Second, we need to build homes, not bureaucracy, by requiring cities to permit 15% more homebuilding each year as a condition of receiving federal infrastructure dollars. Third, we are demanding a cap on spending with a dollar-for-dollar rule to bring down interest rates and inflation. The Liberals chose not to take our advice on that. Therefore, we cannot support this budget. There will be a non-confidence vote coming up, and we will vote non-confidence because we do not have confidence in the government. We want an election. We are ready for it. An hon. member: Canadians want an election.
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  • May/1/24 7:38:19 p.m.
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Madam Speaker, the Canada carbon rebate returns fuel charge proceeds to Canadian residents through direct deposit and cheques. I want to remind my colleague that, every three months, he is receiving that cheque and that eight out of 10 Canadians are making more than what they are spending. The remaining proceeds return to indigenous governments and small and medium-sized businesses through other programs. As Canada's approach, carbon pricing reduces pollution at a lower overall cost to businesses and consumers. Eight out of 10 households receive more money back through the Canada carbon rebate than they pay toward the fuel charge.
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