Mr. Speaker, I am going to be sharing my time today with my colleague from Louis-Saint-Laurent. For those who are watching at home and who may be quickly bored by my speech, if they hang in there for 10 minutes, they will hear a much better speech after by my colleague.
I am very pleased to join the debate today on the Liberal budget. The Liberals have presented what I call a Dr. Strangelove budget or, in this case, “How I stopped worrying and learned to love the debt”. That is what the government wants Canadians to believe: “Do not worry, we can continue to spend forever. Do not worry, the economy will grow forever. No recession will ever happen again. Do not worry, we can rack up debt to the very end of time and it will not be a problem. Do not worry about about interest payments. Do not worry about the fact that our interest payments are growing from this fiscal year of $26 billion and to $33.2 billion per year in just a four-year period.”
That is $149 billion that we are going to be paying, transferred out of the pockets of taxpayers to rich bondholders on Bay Street, just over a five-year period. It will be $149 billion. In the fourth year, 2023, it is going to be $33.2 billion. Now, that is more than we spend per year in EI payments. That is more than we pay out in the child benefit program. That is more than we pay out for national defence.
Here we are with the Liberal priority of paying off rich Bay Street bankers and bondholders instead of defence, instead of families and instead of those on EI. To put it in perspective, with that money, the Liberals could pay for 2,750 refrigeration units for the Weston family. Let us think about that. The Liberals could also provide their own billionaire island for every single cabinet minister, so they could go to their island and not worry about violating the ethics laws. Liberal ministers could go to their own billionaire island and not worry about being invited by a paid lobbyist.
“Do not worry” is what the Liberals are saying. Do not worry about the declining productivity rate that Canadians are suffering through. Do not worry about disappearing foreign investment.
That is one thing I do worry about, though. We see foreign investment fleeing Canada. We see the oil industry devastated, $100 billion fleeing to the States. We see the Liberals giving Kinder Morgan $4.5 billion to take out of the country and invest in pipelines in the States. Who do we see interested in investing in Canada, which the Liberals are only too happy to see? It is Huawei. We see Anbang investing in Canada, thanks to the Liberal government. We see the Chinese Communist government-controlled CCCC construction firm trying to buy out local Canadian infrastructure companies. The Liberals are all willing to invest in Canada but not regular people.
“Do not worry,” say the Liberals. Do not worry about the fact that the debt is going to rise to over three-quarters of a billion dollars over the next five years. That is not including Crown corporations. When we throw in the Crown corporations, it is well over a trillion dollars of debt that Canadians are going to be carrying. This money has to be worrying, but “Do not worry. Stop worrying. Learn to love it,” is what the Liberals are saying.
Canadians are worried. We sent out a request to my constituents, asking for their response, asking what they think of the debt and if they feel they are further ahead than when the Liberals took over. This is what they are saying. This is not the made-up information that is in the budget, such as “Billy went to buy an electric vehicle and got a handout from the government.” These are real Canadians, real people living in Edmonton West, and this what they are saying.
Elmer wrote in and said, “It's worse off and it's not improving. They are so concerned about the ramifications of Oshawa's GM plant closing. What about Alberta? We've had no oil revenue and, therefore, severe unemployment problems for over three years, but I have not seen any concern about Alberta's unemployment situation.”
We used to have four Liberal members of Parliament. We have not had any of them stand up, supporting Alberta. We had four MPs in Liberal Party from Alberta, which are now down to three because of a scandal. We used to have two in the cabinet and now we are down to one, again, because of a scandal.
The member for Calgary Centre stood up and publicly stated that he would pound his fist on the desk at the cabinet table to make sure pipelines were built. What has happened? Absolute crickets from the member, he has done nothing.
The natural resources minister is based in Edmonton in the riding of Edmonton Mill Woods. What has he done for Alberta? Absolutely nothing.
In the budget, $27 million are provided for the diversification of the western economy and there are $100 million for oil and gas support. What did the Liberals put aside for subsidies so wealthy people could buy electric vehicles? Almost half a billion dollars. Even though the Minister of Natural Resources is from Edmonton Mill Woods in Alberta, only $27 million have been provided for diversification.
What about the member for Edmonton Centre? I asked him for his thoughts on the no new pipeline bill, Bill C-69. I asked him about the offshore tanker ban that did not ban tankers, just Alberta oil. I also asked him about all of the Liberals' other punitive policies against Alberta. He stood and said that he was proud of them. He was proud to push through Bill C-69, which ensures we will not see a single new energy project ever again in Alberta. He was proud that our oil was banned on the west coast, while we happily bring in oil from Venezuela and Saudi Arabia. This is shameful.
I received a letter from a lady named Holly, who was asked if she was better off. She said, “Seriously? Can anyone be better off? We lost our small business of 20 years. We paid our taxes and paid our staff. The bank took our house, which guaranteed our small business loan, which we hadn't missed a payment on. All of our employees, including four family members, are all out of work. We are jobless and homeless, and the government just keeps on destroying the economy.”
Let us remember back to a couple of years ago when the Prime Minister was in Calgary and confronting these things. His comment was, “Just hang in there.” People like Holly cannot just hang in there. The government's policies are destroying the livelihoods and hope of people living in Alberta.
Brian writes, “Worse off—I live in subsidized housing in Edmonton—the cost of living has gone up a great deal but not our income. We all got a raise from the Alberta Government, not even $2. 30% of that goes to my apartment cost, so what did I get? We got a carbon tax—30% of that went to our apartment cost. Anything we get, 30% goes to the cost of our apartment.”
The Government members stand again and again, as they did just recently, to note the Liberals' $40-billion national housing program. Apparently, it is $50 billion now. The Institute of Fiscal Studies and Democracy, or IFSD, which is headed by former parliamentary budget officer Kevin Page, has looked for this money. It writes that the Liberals', “NHS looks like” nothing except a “glossy document that accompanied its announcement....unfortunately, for now, the NHS is virtually nowhere to be seen in the federal fiscal framework.”
With respect to the Liberals' $40 billion, the Prime Minister and the parliamentary secretary responsible for this both stood to say that the Liberals housed one million people. They actually told people this. That was until the Toronto Star, the prophet of North America, said this was not true and that the number was actually 13,000. The Liberals' own department results showed it was 13,000 and the Liberals claimed it was one million. However, they say, as they just did now, this is worth $50 billion.
The IFSD said that it could only find $1.3 billion budgeted in the first five years and $5.1 billion budgeted over 10 years.
As a last comment, I would like to note comments by a man named Helmut. He said, “Worse than a year ago. As a senior on income security, the provision is not keeping pace with high rise in expenses....”
This is what we are hearing from Canadians when we talk to them. They are barely treading water. They are not getting ahead, as generations have before them. Every time they take a step forward, the government drags them back two steps, whether it is done with the carbon tax, taking away other tax credits or pushing up debt, which pushes up interest rates. Canadians are not getting ahead.
On Tuesday, when Jason Kenney becomes premier of Alberta, we will take our first steps toward fixing the problems in Alberta. On October 21, we will take the next step, when we turf the government and bring back a Conservative government.