Discussion · Oral Questions

Mike Lake Conservative

“The government borrows too much money. It now spends more on interest than on health care. By 2030, all of its deficit will go toward paying interest on its new debt. I want to know when the government will stop this borrowing.”
  • Opposition question in Question Period

    Signal 43 of 100

    Much of this statement went to praise, blame, greetings, routine procedure or general stories rather than reasons, requests or specific points.

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Official Hansard

Mr. Speaker, in a mythical Liberal world, budgets balance themselves. In the current Prime Minister’s theoretical world, the national credit card has no limit and the bill never comes due, but we live in the real world, where the Liberal government’s addiction to borrowing has real consequences. This Prime Minister is now spending more on interest than on the Canada health transfer. According to his own economic update, and this is quite astonishing, in 2030, the entire deficit would go to paying interest on debt that the Liberals have added since being elected. In this new world, Liberal debt becomes self-generating. When will this experiment end?

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