SoVote

Mr. Philip Lawrence (Northumberland—Peterborough South, CPC)

May/6/24 2:34:02 p.m.
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Mr. Speaker, last week, the Governor of the Bank of Canada confirmed what millions of Canadians already know: Liberal spending is making life more expensive. Nine years of NDP-Liberal deficits have led to a lost decade, lowering standards of living, record food bank usage and a housing crisis. Will the government finally commit to a dollar-for-dollar rule that would allow Canadians to feed their families and keep their homes?

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Context: House Hansard - 309 - May/6/24

Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)

May/6/24 2:34:28 p.m.
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Mr. Speaker, I respect the member for Northumberland—Peterborough South and he is better than misrepresenting the words of the Governor of the Bank of Canada. The reality is that the Governor of the Bank of Canada, in testimony since the budget, said, “The budget does respect the fiscal guardrails that the government put in place.” He also said, “Keeping the debt-to-GDP ratio on a declining track, and importantly keeping deficits below one per cent of GDP in future years, the budget...commits to those guardrails...and that is helpful.”

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Context: House Hansard - 309 - May/6/24

Mr. Philip Lawrence (Northumberland—Peterborough South, CPC)

May/6/24 2:35:11 p.m.
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Mr. Speaker, I will quote the governor directly. He said this Liberal budget is “not helpful.” It is more distraction and denial to cover up the government's record of massive deficits, which have led to over $54 billion in interest being paid in this budget alone. It will spend more in interest that it will collect in GST. We will pay more in interest than we will for health care transfers. When will the Liberals finally get their deficits under control so Canadians can eat and keep their homes?

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Context: House Hansard - 309 - May/6/24

Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)

May/6/24 2:35:46 p.m.
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Mr. Speaker, that is simply not true. I encourage people to read the testimony of the Governor of the Bank of Canada and news reports about that testimony. Here is what he said, and I am quoting precisely: “Keeping the debt-to-GDP ratio on a declining track, and importantly keeping deficits below one per cent of GDP in future years, the budget also commits to those guardrails going forward and that is helpful.” Those are the words of the Governor. People can just take a look at the transcript.

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Context: House Hansard - 309 - May/6/24

Mr. Frank Caputo (Kamloops—Thompson—Cariboo, CPC)

May/6/24 5:14:25 p.m.
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Mr. Speaker, it is always a pleasure to rise on behalf of the people of Kamloops—Thompson—Cariboo. Before I begin my intervention, I want to recognize the life of Albert “Bert” Malfair. He was a father to a young woman I went to school with. He bravely served the RCMP to the point where he was chasing robbery suspects and was ultimately disabled from that in 1984. We are grateful for him. He recently passed away, and I pass my condolences to his family. May perpetual light shine upon him. When my colleague gave his speech, he just so casually threw around the number of a $40-billion deficit. It has gotten that bad. That was a government that said it would have modest deficits and the budget would balance itself, and what has it done? It has spent, spent, spent. What do Canadians have to show for it? They have nothing. They are now struggling even more with heating and eating. How does the member say these numbers so casually, $40 billion, $50 billion, $60 billion? We are spending more now on servicing the debt than we are on health care.

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Context: House Hansard - 309 - May/6/24

Mr. Peter Julian (New Westminster—Burnaby, NDP)

May/6/24 8:01:24 p.m.
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Mr. Speaker, I am both shocked and saddened by the member's speech. I am shocked because she mentioned the Conservative government. I lived through, as Canadians did, the shockingly bad years of the Harper regime, with the record deficits each and every year, the bad financial management, the scandals, one after another, and the fact that they gave $30 billion a year in the infamous Harper tax-saving treaties to the wealthy, $300 billion over the course of a dismal decade. There were cuts to health care funding and slashing of veterans' benefits. It was one of the worst periods in Canadian history, and it was certainly the worst government in Canadian history. I am saddened because the member has seen the benefits of dental care already in her own riding, dozens of people. There were 15,000 seniors in the first three days who got dental treatment. There were dozens in Peterborough—Kawartha. The reality is that 17,000 people would benefit from pharmacare in her riding. Why does she not listen to the 17,000 constituents who would benefit from pharmacare?

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