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Pierre Poilievre

Replying to Jacob Mantle (Conservative)
“Mr. Speaker, the Prime Minister promised Canadians a declining debt-to-GDP ratio. He promised fiscal prudence, especially for the next generation. Can the Leader of the Opposition tell me what the budget says? Did the Prime Minister keep that promise and will Canadians be spending more or less on debt?”

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Mr. Speaker, no, the Prime Minister broke that promise. He said that he was going to reduce the debt-to-GDP ratio and it is actually rising. By the way, I should point out it is not as bad as it sounds; it is far worse, because the debt that is in fact calculated into the debt-to-GDP ratio does not include the hundreds of billions of dollars that he is keeping off the budget with unprecedented financial engineering. This budget seeks to put $465 billion of off-budget spending on the backs of Canadians. In other words, two-thirds of the new debt the Prime Minister would add is unbudgeted and uncounted in the spending system. Just because someone gambles away a fortune in Vegas on the company credit card does not mean that somebody does not have to pay it back. Canadians are going to be stuck paying it back. It is time to take the load off the backs of Canadians and fight to save them money.