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Results: 1 - 15 of 530
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-06-22 11:10 [p.8945]
Madam Speaker, in my earlier remarks about the budget, I noted that with this budget, the Prime Minister had squandered a historic opportunity to reposition our economy for long-term success. I did, however, acknowledge that the budget contained a number of temporary measures that were critical to sustaining Canadians as we struggled to get past the pandemic. I commended the government for extending the wage and rent subsidy programs and a number of other measures that would continue to support struggling Canadians.
That is what a responsible opposition does. We offer helpful suggestions where possible and we call out failure when it happens. Therefore, I wish I could say that we Conservatives will support this budget, because we should not let the perfect become the enemy of the good. However, the reality is that this budget completely fails to deliver the growth budget that the finance minister had promised. Instead, it represents, as former deputy finance minister Kevin Lynch recently noted, the largest “transfer of debt and risk” that our country has ever seen. The finance minister failed to recognize the enormity of that challenge and in so doing, failed to include in her budget the strong fiscal anchor and debt management plan for which her own mandate letter called.
This budget would see our massive national debt swell to $1.4 trillion in the immediate term, with a hint from the government that it plans to borrow even more. The only anchor the minister could point to was a trajectory that would see Canada's debt-to-GDP ratio move slightly below 50%, far above what it was pre-pandemic, with endless debt and deficits for our children and grandchildren to repay.
The minister has been asked many times if she ever expects the government to return to balance; in other words to live within its means. She has steadfastly refused to answer, clearly a signal that the answer is no. Is this the growth budget the Prime Minister promised? It is absolutely not. While it would dramatically grow deficits, debt and the size of government, there is little that would position our economy for long-term growth and prosperity.
While other G7 countries have invested heavily in things like critical infrastructure, cut taxes, embarked on regulatory reform, harnessed the value of their innovators and reoriented trade away from hostile regimes like China, our Prime Minister has simply sprayed half a trillion dollars at targets intended to secure his re-election.
There is no plan to reorient our industrial policy from a tangibles to an intangibles economy, and there is no plan to capture the value of Canadian education, research and development, and innovation to ensure our start-ups commercialize and create jobs in Canada. There is no plan to reverse the dramatic flight of foreign capital from our country and to get nation-building infrastructure built. We now have the dubious distinction of being known as the country where nothing ever gets built. The demise of northern gateway, Keystone XL and energy east, and the potential demise of Line 5 under the current Liberal government, are evidence of that. What is worse is that this budget throws our oil and gas sector under the bus by expressly excluding it from the CCUS tax credit.
Again, is this a growth budget? It is not at all. In fact, even the Prime Minister's former policy adviser, Robert Asselin, recently confirmed this when he said that the budget doubles “down on programs that do not address our innovation shortcomings and have yielded few results to date.” He said, “it is hard to find a coherent growth plan.”
The finance minister clearly has not been taking the advice of her own Liberal advisers. She has also failed to act on other pressing issues. Her budget fails to properly address the looming threat of inflation and with it, rising interest rates, which could have a profound impact on millions of Canadians with mortgages.
In fact, last week we learned from Stats Canada that the cost of living continues to rise and is the highest it has been in over 10 years, proving that the minister's trillion-dollar debt and endless deficits are actually making life much more expensive for Canadians. One of the reasons for this is that the minister injected massive stimulus into our economy when economists were warning that she risked stoking the fires of inflation, and here we are. Even the Parliamentary Budget Officer commented that the Liberal government may have miscalibrated the necessity to spend on stimulus.
I will not sugar-coat this. The threat that massive borrowing and spending will lead to runaway inflation is real. I know the government does not want to hear that and is hanging on to the belief that inflationary pressures will be transitory. It says there is nothing to see and do not worry and tells us to be happy. However, Germany's Deutsche Bank is not buying it. It recently warned of a ticking inflation time bomb, a warning our minister refuses to heed.
For example, why is the Liberal government spending hundreds of millions of our tax dollars on the China-led Asian Infrastructure Investment Bank? It is a bank that makes no investments in Canada and instead supports China's efforts to assert its power and influence across Asia. In fact, why is this government collaborating with the communist regime in China on anything while that regime commits genocide against its own Uighur Muslim population, lays waste to democracy in Hong Kong, engages in harvesting organs from persecuted minorities like the Falun Gong and betrays Canada in the CanSino vaccine debacle? Why are the Liberals partnering with China when the Prime Minister cannot even explain why two Chinese scientists were escorted from a high-security virology lab in Winnipeg and fired? Why is Canadian money being invested in a bank controlled by China's communist regime when our two Michaels continue to languish in Chinese prisons? The minister has refused to answer these questions, as more and more taxpayer money is wasted on the Prime Minister's efforts to appease China.
This budget also failed to deliver a clear plan to safely reopen our common border with our largest trading partner, the U.S. Some two billion dollars' worth of trade crosses our border every single day, yet the budget scarcely mentions border security and trade facilitation, and makes no mention of whether discussions with the Biden administration are under way to safely reopen our border.
We are going to judge the government's budget not on the quantity but on the quality of its spending. Based on that standard, much of this budget remains unsalvageable. We Conservatives are now in a better position to judge the merits of this budget and to determine what it might mean for Canadians in the short, medium and long term. As I said, in the short term there are a number of measures that we can support that will help Canadians through this economic and health crisis, but in the medium and especially the long term, there is very little to get excited about. It is just endless debts and deficits with not even a pretense of the Liberal government ever wanting to return to balance.
As a responsible official opposition, we have no choice but to reject the government's attempt to spend the cupboards bare in order to position the Liberals for re-election, leaving future generations of Canadians to pick up the tab. There is one thing Canadians can be absolutely sure of. A Conservative government will implement a true Canada recovery plan that secures our future by getting Canadians back to work, by helping small businesses recover, by restoring Canada's reputation and competitive advantage and by prudently managing the massive financial burden that the government has left us. The Conservatives have done it before and we will do it again.
View John Brassard Profile
CPC (ON)
View John Brassard Profile
2021-06-18 11:15 [p.8766]
Madam Speaker, many Canadians are on bended knees under the weight of crushing debt and a new reality of inflation, the levels of which have not been felt for generations. The cost of everything has gone up, but it is those who can least afford it who are paying the price.
Increases in groceries, gas, carbon taxes, housing and rental costs are cascading across communities in Canada, including in my community of Barrie—Innisfil, and it is causing many sleepless nights. Senior Elizabeth recently wrote me, “We now have to pick our food purchases very carefully, even local produce has taken a large jump.” This should not be happening in Canada
We need a government that understands that it will be the power of Canadian businesses, the people they employ, the products they produce in every region, in every sector of the economy, so Canadian businesses can compete here at home and around the world, and bring back investor confidence.
There is only one party that will secure the future, that will unify Canada and bring back hope, opportunity and prosperity for all Canadians, and that is Canada’s Conservatives.
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-06-17 14:48 [p.8674]
Mr. Speaker, inflation is on the march, and life is getting more expensive for Canadians.
Today, economist William Robson of the C.D. Howe Institute warned that the Liberals may have gone too far with massive borrowing and spending, and they risk inflating away the value of our money. Deutsche Bank warns of an inflation time bomb. Stats Canada says that inflation is higher than it has been in over 10 years.
Yes, inflation is on the march. When will the government finally act to make life more affordable for Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, let me tell the House who is going too far. It is the Conservatives who are going too far with their partisan games and thereby threatening Canada's economic recovery.
Canadians need the wage subsidy and the rent subsidy to be extended until the end of September. Our government wants to do that, but Conservative partisan delaying tactics are stopping us from passing the budget, and that irresponsible Conservative behaviour is the biggest threat to Canadians' well-being today.
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-06-17 14:49 [p.8675]
Mr. Speaker, the same rhetoric we heard yesterday and the day before. The minister's talking points do not make life any more affordable for the many Canadians who have seen their dream of owning a home disappear under the government. Even the Parliamentary Budget Officer said that the minister may have miscalibrated her economic policy.
Meanwhile, the price of everything is going up, food, clothing, rent, gasoline, yet the minister and her plutocrat Liberals refuse to listen. Why is she hell-bent on hurting struggling Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, yet again, it is the Conservatives who, for reasons I cannot understand, seem hell-bent on hurting hard-working Canadians. They are hurting Canadians by depriving them of the income and business supports they so urgently need. They are hurting Canadians by depriving the provinces and territories of $5 billion to support the vaccination campaign and our health care systems that are working so hard to protect us.
It is time for the Conservatives to stop posturing and to support the budget so we can support Canadians.
View Erin O'Toole Profile
CPC (ON)
View Erin O'Toole Profile
2021-06-16 14:21 [p.8522]
Mr. Speaker, the Liberal government has confirmed that inflation is at a 10‑year high in Canada because this government's spending is out of control. The cost of everything is on the rise: housing, education, transportation and groceries. Canadians can no longer accept this government's limitless spending.
When will the Liberals rein in their spending?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I will say that the Conservatives' partisan games are the biggest threat to Canada's recovery right now. Conservative tactics are preventing us from passing the budget. This irresponsible behaviour threatens the well-being of every Canadian.
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-06-16 14:50 [p.8528]
Mr. Speaker, today we learned that the cost of living is up, way up. Inflation is now at 3.6%, the highest it has been in over 10 years. Prices for everything, gasoline, food, furniture, are up, while millions of Canadians see their dream of home ownership disappear. Canadians need a leader who is focused on governing, not on preening for the cameras at the G7.
When will the Prime Minister finally take his job seriously and make life more affordable for the people he is supposed to be serving?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, it is utterly hypocritical for the Conservatives to even pretend to be concerned about ordinary Canadians. The single biggest threat the Canadian economy faces today is Conservative partisanship, which is blocking our budget. The Conservatives are blocking the extension of the wage subsidy, the extension of the rent subsidy and the extension of income supports.
Canada is ready to come roaring back. We just need the Conservatives to get out of the way.
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-06-16 14:51 [p.8528]
Mr. Speaker, even the finance minister does not get it. Inflation is way up. It is at its highest point in a decade, proving that the finance minister's trillion dollar debt and endless deficits are inflicting more and more damage on our country. Meanwhile, the cost of everything is going up, and housing has become unaffordable for millions of families.
How much more expensive does life have to get before the minister and her Liberal government realize how badly they have failed exhausted Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, let me tell the House what else Canadians, who indeed are exhausted and who indeed do need support, are being deprived of because of the immature partisan games of the Conservatives: $5 billion to support provincial and territorial health systems, $4 billion directly to the health care system and $1 billion for the essential vaccination campaign. That is what Canadians need right now and it is what Conservatives are blocking.
View Pierre Poilievre Profile
CPC (ON)
View Pierre Poilievre Profile
2021-06-16 14:52 [p.8528]
Mr. Speaker, today it is clear that we have an inflationary bubble. The government is just trying to pump even more hot air into that bubble. It has created a trillion-dollar debt, which means too many dollars chasing too few goods and services. Now, in addition to not having paycheques, Canadians who do work are seeing their paycheques nibbled up by this growing level of inflation.
Will the government reverse its inflationary policy, stop spending what it does not have, restore fiscal responsibility and allow Canadians to afford their cost of living?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, let me tell the House what is truly irresponsible today just as we are poised to finish the fight against COVID. What is irresponsible are Conservative partisan games. Canadians need the wage subsidy, they need the rent subsidy and they need income support to be extended to the end of September, but the Conservatives are stopping us from passing our budget. It is that irresponsible behaviour which threatens the well-being of every single Canadian.
View Pierre Poilievre Profile
CPC (ON)
View Pierre Poilievre Profile
2021-06-16 14:54 [p.8528]
Mr. Speaker, so she just wants us to help her give more and more inflationary spending into the economy, driving up the cost of living, particularly on the working poor, and devaluing the wages of the Canadian people.
We have the second-highest unemployment in the G7, higher than the OECD, higher than the U.K., the U.S., Japan and Germany. Now those same unemployed Canadians are facing higher prices for shelter, fuel and food.
Instead of ramming through another inflationary budget that drives up the cost of living, why will she not actually reverse course and protect the value of the dollars Canadians earn?
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