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Context: House Hansard - 333 - Jun/17/24

Mr. Damien Kurek (Battle River—Crowfoot, CPC)

Jun/17/24 12:03:32 p.m.
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Madam Speaker, here we are again with time allocation. After a disastrous budget rollout and spring session, instead of the Liberals listening to the feedback that I know Canadians are giving them about their budget, their economic mismanagement and their scandal-plagued affairs, they are slamming their budget down the throats of Canadians even though it is clear they are not buying what the Liberals are selling. I want to ask a very specific question. There are hundreds of billions of dollars in new spending allowances that have been granted through the Liberals' economic agenda. Can the minister articulate very clearly why they had to go beyond and increase the debt allowance and the debt borrowing capacity of this country, which far exceeds the spending proposed in this budget? Can she very clearly articulate why they are demanding so much cash when they are unable to account for where it is going?

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Context: House Hansard - 333 - Jun/17/24

Mr. Dan Muys (Flamborough—Glanbrook, CPC)

Jun/17/24 6:16:42 p.m.
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Mr. Speaker, we are here this evening to debate Bill C-69, the budget implementation act. We are again debating the out-of-control inflationary spending by the Liberals that is driving up the cost of literally everything for Canadians. In the budget for which this is the implementation act, we saw another $61 billion in inflationary spending piled on the backs of Canadians, on top of the billions we have seen over the last nine years. It must be noted that, as a result of this, Canadian taxpayers are on the hook for $58 billion in interest on that debt, which is more than the federal government sends to the provinces for health transfers. This point has been made, but it is worth restating because it is such an astronomical number. All this debt and interest equals more taxes on the backs of Canadians, which is why, on April 1, we saw the Liberals increase the carbon tax by 23%, notwithstanding the outcry from premiers and Canadians. It is on the way to quadrupling, which we now know will be a $30-billion-per-year hole in the economy. The report has now become public. Of course, there is the recent job-killing tax hike as well. The problem with all the spending, taxes and red tape is that these things are killing our economy. Canada is now the worst-performing economy in the G7 and in the OECD. Since 2019, the last year before COVID, GDP per capita in Canada is down 2%; in the U.S., it has increased by 8%. Therefore, we really have a huge gap here between our two countries. We are at the very bottom and the U.S. is at the top of the G7, after nine years of the Prime Minister. The OECD calculated that Canada's economic growth will be the worst of the nearly 40 advanced economies in the OECD in this decade, again in the very basement. It will be below Greece and Italy, which are often the historical underperformers. If this trajectory continues and is not reversed, the OECD projects that Canada will have the worst economic growth for the next three decades. Therefore, as we debate the budget, all of this means that we are on track for the worst decline in Canada's standard of living in 40 years, according to a Fraser Institute report from last month. In fact, we are seeing the widest gap in GDP per capita, which is a measure of the standard of living, between Canada and the U.S. since 1965. That is according to RBC. This is alarming to me, and it should be alarming to all Canadians. It should be setting off alarm bells on the government benches as to how we got here. Clearly, all the inflationary spending, debt, taxes and red tape have compounded it. Really, it is what we have been calling economic vandalism. Over the weekend, I was talking to a constituent who has a trucking firm. He told me that his orders are down and people are shipping less. This is in the midst of the greater Golden Horseshoe in southern Ontario. He is seeing that decline in business in the daily orders he is getting. He told me that, often, trucking is a harbinger of a decline in economic activity. We know this is true. Therefore, it confounds me that this is the case. How did we get this way in Canada? We have so many advantages that have been squandered by the Liberal-NDP government, with its fiscal and economic policies. The budget, with its taxes, exacerbates the issue even further. In Canada, we have everything the world wants. We have 18 LNG projects awaiting approval; they are on the desk of the Prime Minister. The Germans, the Japanese, the Poles and the Greeks have all come to Canada looking for our LNG. We can help get the world off coal and replace Europe's dependence upon Russian natural gas. However, the Prime Minister told the German chancellor that there was no business case for LNG, so Germany went to Qatar, which helped it build the facility in seven months. This was a lost opportunity for Canada and Canadian jobs. Canada has all the critical minerals, as well as many rare earth minerals. The world needs them, the world wants them, and we need them for our own economy. While we have 6% of the world's lithium, we do not extract it because of the government's bad policies and ideological aversion to natural resource extraction industries. We also have nuclear expertise; not far from my home in southern Ontario, there is the second-largest nuclear plant in the world. There is a whole supply chain of companies that help feed that throughout southwestern Ontario, some of which are located in my constituency. That is another advantage that Canada has, yet our economy and standard of living are in decline, with the worst decline in 40 years. How can this be? Despite all these obvious advantages, along with smart people and good people, Canada is lacking in private sector investment in our economy. We saw that in the recent report about the lack of entrepreneurs that will take risks and seed innovation. Therefore, it is not surprising that, after nine years of Liberal taxes and out-of-control spending, entrepreneurialism is being stifled. We saw that Canada lost 100,000 entrepreneurs. In the year 2000, Canada had three entrepreneurs for every 1,000 people. Today, that is down to 1.3, on average, per 1,000 people. The Prime Minister has bloated the size of the federal government at the expense of entrepreneurs and innovation. What is sad is that this is happening in Canada; we have every reason to succeed, but the government, these policies and the budget are dragging us down. I contrast that to 2014, when there was a headline in The New York Times declaring that Canada had the strongest, most prosperous middle class in the world. In fact, The New York Times suggested that the Canadian dream had replaced the American dream in many respects in 2014. That is why my omas and opas came to Canada from the Netherlands following the Second World War. After the hunger winter, when the Dutch people were literally being starved to death by the Nazis, it was Canadian troops who liberated them. Many Dutch people came to Canada seeking hope, opportunity and freedom, and that is the story of many Canadians over the course of our history. These people came with nothing in their pockets, as my grandparents did. They could work hard, save up, buy a home and start a family, but after nine years of the Prime Minister, that is no longer possible. It was possible in 2014, when The New York Times had that headline. Now, mortgages, down payments and rents have doubled, and taxes are up. That is why Canadians of all generations and backgrounds are upset. They are very upset. The most common thing I hear is people asking how it is that the Canadian dream has faded away. They ask how the freedom to work hard and succeed, to have that opportunity and hope, has drifted away after nine years of the Prime Minister. It used to be that nine in 10 young people had given up on the dream of home ownership. It is now nine in 10 Canadians overall who see no future and no hope. That is an indicator of what the government farcically calls a budget that has fairness for every generation, when it is actually unfairness for every generation. They government has eroded that hope. I will be voting against Bill C-69, the budget implementation act, because it does not serve the interests of any generation of Canadians. It is long past time that the Liberals get out of the way so that common-sense Conservatives can unleash Canada's potential and people can bring home powerful paycheques. Let us bring it home.

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Context: House Hansard - 333 - Jun/17/24

Mr. Larry Maguire (Brandon—Souris, CPC)

Jun/17/24 7:46:28 p.m.
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Mr. Speaker, my colleague did not really reference much in his speech in regard to where the government is at with its spending habits. There is the $61 billion more in spending that virtually every sector, the banking industry and even the government people themselves are saying is leading to continuing inflation. Can the member tell us what he thinks is wrong with the idea that, as Canadians are telling me, the government raised $54 billion on the GST and it is all going to the interest on the debt this year?

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Context: House Hansard - 333 - Jun/17/24

Mr. Mel Arnold (North Okanagan—Shuswap, CPC)

Jun/17/24 8:09:53 p.m.
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Mr. Speaker, the member comes from a beautiful part of the province, but not as beautiful as North Okanagan—Shuswap. I would like to ask the member what his thoughts are about the $60 billion in additional debt that this budget is going to be passing on to future Canadians. Members in his riding, just the same as in mine and in every riding across the country, are going to be forced to pay the debt and the interest payments, which will now overcome what we actually do in health care transfers to the province. How does he justify passing that debt on to future generations?

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Context: House Hansard - 333 - Jun/17/24

Mr. Scott Aitchison

Jun/17/24 9:08:39 p.m.
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Mr. Speaker, would anybody accept the premise of that ridiculous question? That is not the Conservative approach. The Conservative approach is to reward results, not to pay for promises, which is the Liberal approach. They keep spending money, borrowing money and pushing the cost of paying off that debt onto the next generation, which is already thinking they will never be able to own a home of their own. The fact of the matter is that cities are a big part of the problem. They are on the front lines of the crisis, but they are also part of the problem. Just rewarding them with millions and millions of dollars, while they make it more expensive, is idiotic.

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Context: House Hansard - 333 - Jun/17/24

Mr. Jamie Schmale (Haliburton—Kawartha Lakes—Brock, CPC)

Jun/17/24 9:29:02 p.m.
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Madam Speaker, I appreciate the opportunity to stand today to speak to Bill C-69, the budget implementation act. As we have heard in the debate going on tonight regarding the bill, there are a number of concerns on this side of the House, specifically the government's new spending ideas: $61 billion in new spending. We do this when we are having and dealing with a very real inflation crisis that is causing real hardship throughout the country. The number of people who are raising their voices to that fact is something we have never seen before. Food bank usage across the country is up to record levels. There are homeless encampments now in pretty much all of our major cities, not to mention the smaller rural communities as well, where this was never seen or heard about. To make matters worse, this year we will be spending $54.1 billion to service the national debt. It is unfortunate, because we are paying more money for interest than the federal government is sending to the provinces for health care. That is absolutely significant. I do not think I have ever heard a single person articulate the benefit of paying more in interest payments on the national debt, how that actually makes sense. It is wasted money. Not only that, but because we are paying only the interest, we are not actually paying down the debt. That means the payments will continue. That could fluctuate based on the interest rate at the time, depending on how that certain part of the debt is structured. Future generations and the last generation we are looking at right now, the youth graduating high school who are going to college or university, are recognizing they might not ever be able to buy a house. They might not ever be able to have the dream many generations here in Canada had before them. Yes, there is a group of people, the very wealthy, who are not being hurt by this and are not affected by it. It is those everyday, normal, working-class people who are being punished with higher prices for food, rent, fuel and heat, all of the things making life more difficult for working Canadians. When people have less money in their pockets, less money to spend on their priorities, cutbacks in family budgets occur. We have seen and heard the stories that grace the newspaper articles and the headlines about people skipping meals and watering down milk for their kids trying to stretch dollars and stretch the supply in the refrigerator a little longer just to get through the next day or so. It is absolutely crushing to hear and read these stories in a country like Canada, where the dream has always been absolutely real. It is absolutely crushing to see these young people. The other side will always ask for patience, more time and more resources. There will always be the promise that utopia is just around the corner and that it will be worth it if we just keep spending. The other side will say that, but will it actually be what the Prime Minister is promising? I would argue no. The Prime Minister and the Liberal Party inherited a balanced budget. The economy was on fire. Life was affordable and life was enjoyable. Now look at where we are. Was it worth it? The average Canadian's net worth, their nest egg, their savings account and their retirement package have suffered. The buying power of their dollars has suffered. The path the government is on is not worth it for the everyday person. The policies need to change. We have to start focusing on what used to make us extraordinary. Ontario, especially, used to be the manufacturing wheel of this country. We used to build a lot more things in this country. It is unfortunate that in Ontario, when Kathleen Wynne and Dalton McGuinty were in the premier's office, obviously separately, one after the other, they started to mess around in the energy market. That is when hundreds of thousands of manufacturing jobs left Ontario. We are watching the numbers continue under the Liberal government, because when the Liberal Party of Ontario lost the election, a lot of staffers made the trip up the 401 or Highway 7 to Ottawa and started working for the current government. We can see it is a continuation of the mentality that if we just keep spending, just keep borrowing and just keep taxing, we will eventually get there, but life has only gotten worse for the majority of Canadians. The reality is that the Liberal Party has gone too far. Its members do not know how to fix it, and their solution at this point is yet another government program. They will start the tape; they will look at the problem they created, and the solution will be a new program. The government can get money only by borrowing, taxing, printing or a combination thereof, and if it does too much in excess, it can debase the economy or the currency. We have seen a bit of both here. Conservatives want to look to where the problem started and address it from its root, and that is where a lot of our common-sense plans come from. We are addressing the fact that we need to build and make things again in Canada. How do we do that? We need a regulatory environment that allows private enterprise to start up and flourish. The bureaucracy has gotten bigger under the current government. That, unfortunately, has been slowing a lot of the progress from the private sector, and we have seen money in the billions of dollars flee this country looking for other jurisdictions, because capital is like water; it takes the path of least resistance. When we allow the private sector to do what it does best, to innovate and to create opportunities and wealth in our communities, the economy grows. When the economy grows, jobs are created, spending happens, more jobs are created and overall happiness rises, because when people have options, when they have choice, they are happier. When they do not have choice, people are more miserable, and in Canada there is very little competition in pretty much every single sector, such as airlines, groceries or telecommunications. The list goes on, and it is getting worse. We need some common-sense solutions here in this party. The Conservative Party is ready to take on that challenge.

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