- Member of Parliament
- Member of Parliament
- Conservative
- Calgary Forest Lawn
- Alberta
- Voting Attendance: 62%
- Expenses Last Quarter: $131,041.76
- Government Page
Mr. Speaker, going back to the point, the Conservatives know how to balance a budget. They know it does not balance itself.
They also know that they do not need to spend on the backs of Canadians like the government did, like giving $237 million to a Liberal insider MP and jet-setting around the world while the country is falling apart.
We know what responsible leadership looks like. We know how to balance a budget. They need to get on board, do the same and stop causing pain to Canadians.
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Mr. Speaker, congratulations to the member for Kingston and the Islands. He finally admitted it. The Conservatives actually balanced the budget. Let us give him a round of applause, everybody.
I thank him for admitting that, something that his government—
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- Oct/26/23 2:34:15 p.m.
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Mr. Speaker, if being responsible is adding more debt than every government before it combined, I would hate to see what the Prime Minister on a bender looks like.
Robert Asselin, former Liberal adviser to the Prime Minister, admitted today at the finance committee that the Liberal-NDP spending is working against the Bank of Canada. Even the Governor of the Bank of Canada said government spending is making his job harder and is not helpful. While the Prime Minister has a tiff with the bank governor, Canadians and their homes are caught in the crossfire. After eight years, he is not worth the cost.
Will the Prime Minister finally rein in the spending so interest rates and inflation can come down and Canadians do not have to lose their homes?
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- Oct/26/23 2:32:50 p.m.
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Mr. Speaker, the Governor of the Bank of Canada just slammed the incompetent Liberal-NDP government for failed economic policies. After eight years, even he knows the Prime Minister is not worth the cost. He said the government's deficits fuelled inflation. This caused 10 interest rate hikes in 19 months, the most rapid hikes in Canadian history. Mortgage costs have already doubled, and anyone renewing their mortgage now will see a minimum of double the interest rate. That is failure.
Will the Prime Minister rein in his spending and balance the budget so interest rates and inflation can come down and Canadians do not lose their homes?
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- Oct/24/23 2:34:28 p.m.
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Mr. Speaker, after eight years of Liberal-NDP incompetence, the national debt has doubled, resulting in the most rapid mortgage interest rate hikes in Canadian history and putting Canadians most at risk in the G7 for a mortgage default crisis. Around 70,000 mortgages are renewing every month with, at a minimum, a doubling in interest rate. Expensive photo ops, such as a $4-billion housing photo op that built a whopping zero homes, do not help either. The member for Vancouver Granville probably flipped more homes than that.
The Prime Minister is not worth the cost. Will he stop his inflationary deficits and balance a budget so Canadians do not lose their homes?
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- Oct/19/23 2:33:12 p.m.
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Mr. Speaker, the finance minister cannot even drive responsibly, and the Liberals want us to believe that she is fiscally responsible.
Many Canadians are uncomfortably close to broke according to an MNP survey, with more than 50% being $200 away from insolvency. After eight years of failed Liberal policies, the Liberals are just not worth the cost. There are young Canadians and fixed-income seniors living in their cars and under bridges in tents. That is the state of Canada after eight years of their failed policies.
Will the Prime Minister balance the budget and get inflation and interest rates down so more Canadians do not have to live out on the streets?
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- Oct/17/23 12:39:03 p.m.
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Madam Speaker, while the member was asking his question, I was looking for the Liberals' plan to balance the budget or how many times they have done so. I obviously could not find anything, and I will remind the member that it was the Prime Minister who thought budgets would balance themselves.
The Liberals were left with a surplus when they formed government in 2015, and they withered that away. It was the Liberal-NDP government that said it would not run deficits of more than $10 billion. Now we are sitting at half a trillion dollars in deficit, which drove up interest rates, and now we are in this looming crisis.
The government needs to get its deficit under control so that Canadians do not lose their homes.
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- Oct/17/23 12:28:14 p.m.
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Madam Speaker, I want to start by congratulating my good friend, the passionate member for King—Vaughan for her incredible speech. She is a great advocate for her community,
Canadians are going through housing hell right now. Nine out of 10 young people say they have lost the dream of home ownership. Newcomers will not be able to achieve home ownership. The IMF is now saying that Canada is the most at risk in the G7 for a mortgage default crisis. There is a major housing crisis in this country, which we need to take seriously before people start losing their homes.
We need to understand how we got here in the first place. The Liberal-NDP government spent more money than all governments before it combined. Let me put this into context. Between 2015 and 2023, the Liberal-NDP government spent more money than every single government did from 1867 to 2015, combined. That has led to 40-year highs in inflation, which has led to the most rapid mortgage interest rate hikes we have seen in the last three decades.
The Bank of Canada had to counter with something, and it did so with the interest rate hikes. That was done in reaction to something, and that something was the government deficit. It is not just Conservatives who admit that government deficits fuelled inflation, making interest rates go up. Random Liberals and others have said the same thing.
I will point to the three Ms: Manley, Macklem and Morneau. They have all admitted that government spending fuels inflation. Mark Carney, who could possibly be the next Liberal leader, also said that inflation was due to domestic pressures. It was nothing to do with outside pressures, as the Liberals and NDP try to make everyone believe. They say that it is always someone else's problem and never theirs. Even someone who could become a Liberal leader admits that the inflation we see today is due to domestic pressures.
Even the current finance minister has admitted this. Though she does not believe in it, she still admitted that government deficits do fuel inflation. It is too bad that, after she said she wanted to be careful to not fuel the inflationary fire, she dumped a $63-billion jerry can of fuel on that inflationary fire. What ended up happening? Inflation went up and so did mortgage interest rates. Once again, this is why Canada is now the most at-risk country in the G7 for a mortgage default crisis.
The Liberal-NDP government shows its incompetence over and over again. These are the geniuses who ended up spending $89 billion, almost $90 billion, on housing only to have housing costs double in this country. Mortgages have doubled. Rents have doubled. Let us look into that a bit deeper.
Why have mortgages doubled in this country? As I identified, it was a domino effect. All the money printing the government did was bounced off by bonds. What ended up happening? We flooded the market in doing that, and there was too much money chasing too few goods, which is literally the definition of inflation.
When inflation went up due to all the government deficits, the Bank of Canada had to do the opposite of what the government is doing. Former Liberal finance minister, John Manley, put it perfectly. He said that today's situation is much like the Liberal-NDP government deficit. It is like it is pressing the gas, the inflationary gas, while the Bank of Canada is slamming on the breaks as hard as it can with its interest rate hikes. Both things are happening at one time. They are working in opposite directions and the engine is going to blow.
Who will be left paying for this mess? Canadian taxpayers will be. There is only one party in the House that cares about taxpayers' money and wants to make sure that Canadians do not lose their homes. That is why our leader, the next prime minister of Canada, the hon. member for Carleton, put this motion forward. It is because we are more worried than ever that Canadians may lose their homes because of the out-of-control deficit spending of the Liberal-NDP government.
Housing costs have gone up. They have doubled in this country after the Liberals spent $89 billion on housing. How does that even happen in a country like Canada?
This is the reality of the failed policies of the Liberal government. I met a single mom in Calgary recently, a single mom with three kids. Her rent went up by $600 a month. She was already struggling to feed her kids and keep a roof over their heads. She was literally in the stat of being the one in five who are skipping meals today. She told me her heartbreaking story of, because of the cost of her rent going up due to these deficits, having to move back in with her abusive ex-husband.
This is the reality of Canadians today. The Liberal-NDP government's failed policies have put Canadians in these types of positions. We can only imagine how many more of these stories we will hear as we travel the country. It is a sad state in Canada today. It should not be. However, after eight years of the Liberal-NDP government, it is definitely not worth this cost.
We are talking to industry stakeholders and everyday Canadians. We are hearing that people cannot get into housing because of supply. We are also talking to the people who actually build the homes. The number one issue today is interest rates, which were fuelled by the government's deficits. Builders will be sitting on land, and they will not be able to build. In some cases it does not make sense, with all the bureaucracy and with all the red tape created by the government. Along with a willingness to let municipalities create more and more bureaucracy, it is getting harder and harder to build, let alone how much housing costs have gone up for the builders. In some cases it does not make sense to build.
That is why we need to see a balanced, fiscally responsible plan for back-to-balance budgets. I hope the Prime Minister finally understands that budgets do not balance themselves.
An hon. member: Don't hold your breath.
Mr. Jasraj Singh Hallan: Madam Speaker, my colleague says, “Don't hold your breath”, and I will not.
Let us put this back into the context of why we brought forward this motion in the first place. It is because of a looming crisis that could take place in this country if the Liberal-NDP government does not bring back balanced budgets. I want to remind Canadians, once again, that it was the finance minister, back in November, who told Canadians, and promised Canadians in writing, that she would bring in balanced budgets in 2027-28.
I will take a step back to before that. It was the same finance minister who told Canadians to go out and borrow as much as they want, that interest rates would be low for a very long time. People started getting mortgages. We saw a big boom in people wanting housing. What those borrowers did not expect, after she said that, was that she would dump hundreds of billions of dollars of fuel on the inflationary fire, which made their interest rates go up. Now there is a looming crisis.
In November of last year, the finance minister promised to bring in balanced budgets. We had a hope that maybe the Liberal-NDP government had seen the light. However, once again, it was only months after that when she said that she was just kidding, that she was never going to balance budgets anyway, and then promised to balance the budget in the year never. Canadians lost all hope.
What we need to do today, under our common sense leader, is bring in a common sense plan to balance the budget, to bring down the inflation and to make sure that Canadians do not lose their homes. When the member for Carleton becomes the next prime minister of this country, we are going to bring home more homes, which people could actually afford; bring down costs; bring home lower prices by axing the failed carbon tax, which is inflationary and making the cost of everything go up; make sure that once we bring down the inflation by controlling deficits, people will not lose their homes.
We are going to bring it home for Canadians.
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- Jun/21/23 3:38:42 p.m.
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Mr. Speaker, I think I have intercepted what looks like the Liberals' plan to balance the budget, and I would like to table this document with the House today.
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- Jun/12/23 2:49:59 p.m.
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Mr. Speaker, the finance minister said that she would end her inflationary deficits and balance the budget by 2027. Just months after that, she admitted that she will run deficits forever and balance the budget in the year never.
Eight years of massive Liberal deficits have given Canadians the highest bank interest rate hikes seen in the last 20 years. Now, the International Monetary Fund is reporting that Canada is at the highest risk of a mortgage default crisis.
When will the finance minister end her inflationary spending and give us a date for when she will balance the budget so that Canadians will not lose their homes?
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- Jun/6/23 2:35:28 p.m.
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Mr. Speaker, my constituents, like all Albertans, rejected the Liberal-NDP government and elected a strong Conservative government just last week. She can spare us her Disney+, Mickey Mouse lectures because not all Liberals are as incompetent as the government is. Former Liberal finance minister John Manley said that Liberal spending fuelled inflation. The former Liberal premier of Nova Scotia Stephen McNeil said that governments continuing to spend beyond its means would only increase inflation.
How come random Liberals understand the importance of balancing a budget and the incompetent Liberal government does not?
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- Jun/6/23 2:34:10 p.m.
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Mr. Speaker, the finance minister admitted that deficits fuel inflation. It is hard to believe she even understands this concept, as her government piled on more debt on to Canadians than every government before it combined. This led to the highest bank interest rate hikes seen in a decade, and now 63% of Canadians' paycheques go toward monthly mortgage payments alone. After knowing all this, she still threw a $63-billion jerry can of fuel onto the inflationary fire she started with her failed budget, and now a mortgage crisis looms.
Can she tell us on what date she will stop her inflationary spending and balance the budget so interest rates can finally come down?
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