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Decentralized Democracy

House Hansard - 314

44th Parl. 1st Sess.
May 21, 2024 10:00AM
  • May/21/24 2:30:40 p.m.
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Mr. Speaker, not only does the incompetent finance minister not know the inflation target, she does not know that one locks in low rates when one has the chance. Do members remember when the Prime Minister was saying to not worry, that we can double the national debt because, as he said, “Interest rates are at historic lows, Glen”? The problem is that I told him at the time that they should lock in those rates for 10 years, or 30 years, with long-term bonds. It turns out that they did not do that, and now $400 billion of that debt will roll over into these higher rates, forcing Canadians to spend more on interest than on health care. Why did he hire the worst mortgage broker in the world to be our finance minister?
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  • May/21/24 11:16:17 p.m.
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Madam Speaker, it is very telling that we have a Prime Minister who does not think about monetary policy. We have members of the government who obviously do not think about the long-term financial help of Canada. We have seen this over nine years. There is almost no one in Canada who thinks they are better off than they were in 2015. Right now it is approaching midnight here in Ottawa, and this is a financial bill. Why is the finance minister not here? Instead, we have a backbencher leading the debate. How does he feel toward a finance minister that has indebted our—
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  • May/21/24 11:17:35 p.m.
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Madam Speaker, I am not saying that the finance minister is here or not here. What I am asking is why this member is leading the debate for the government versus the actual finance minister. This is very telling in terms of why we are in so much trouble.
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