“Mr. Speaker, it is important to recognize that the government has made a commitment with respect to the operating balance, which I think is a positive thing. The member might find some light in that. He made reference to the PBO quite a bit in his comments. I wonder if he is aware that even under Stephen Harper’s administration, warnings came from the Parliamentary Budget Officer. At the end of the day, I believe we have fiscal capacity. Does the member believe that if we have fiscal capacity, we should seriously look at investing in Canadians to try to build a larger economy, which would help out in the long run?”
Statement grade
A
The average of Signal, Relevance, Respect and Clarity.
Average 94 / 100
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Procedure · 7 wordswe have talked about the operating balance.ProcedureClaims · 17 wordsI have pointed out a bunch of numbers that were part of the Parliamentary Budget Officer’s report.Partly on pointReasoning · 14 wordsFiscal capacity is there until it is not.Suddenly, it all turns around overnight, Claims · 10 wordsand it turned around when Jean Chrétien was Prime Minister.1Procedure · 5 wordsI pointed out the example.ProcedureClaims · 23 wordsIt happens very suddenly when the IMF, the International Monetary Fund, comes in and says that we can no longer pay our bills.2Positioning · 6 wordsWhat is on the horizon here?PositioningClaims · 37 wordsI will point out to the member that interest rates are rising around the world, primarily because of excess government debt everywhere, in Canada in particular.The increase in government debt is going to cause more risk.Reasoning · 14 wordsTherefore, bond rates will go up and more people will have to pay money.Claims · 13 wordsThis avalanche will happen before it is planned.It will happen very suddenly, Promise · 32 wordsand we need to get it in front of us.We need to make sure we are aware of it.We need to make sure we know how to deal with it.Claims · 6 wordsFiscal capacity will disappear very quickly.