Discussion · Government Orders
Vincent Ho Conservative
“The government wants to create a new fund and more bureaucracy managed by its own friends. In the last year, it has already created 13 new bureaucracies. This plan will add more debt for taxpayers instead of bringing in real investment. A fund should be built on wealth, but the government only gives us debt.”
“Mr. Speaker, that is exactly where the Liberal government gets it wrong. It would start a new bureaucracy and a new fund to be staffed and overseen by Liberal insiders. The Liberal government, in the past year alone, has already formed 13 new bureaucracies, all of which are overseen or managed by Liberal insiders. The government says it would be professionally managed, but it would actually be professionally managed to fail and to benefit only corporate insiders. That is one of the biggest differences we see compared to other models that are succeeding. We could unleash our resources and attract investment. We do not need to draw on more government debt that is going to be paid off by taxpayers and the next generation. The sovereign wealth fund should be built on one thing: wealth. What we have a lot of, after 11 years of Liberal governments, is debt.”
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Mr. Speaker, that is exactly where the Liberal government gets it wrong. It would start a new bureaucracy and a new fund to be staffed and overseen by Liberal insiders. The Liberal government, in the past year alone, has already formed 13 new bureaucracies, all of which are overseen or managed by Liberal insiders. The government says it would be professionally managed, but it would actually be professionally managed to fail and to benefit only corporate insiders. That is one of the biggest differences we see compared to other models that are succeeding. We could unleash our resources and attract investment. We do not need to draw on more government debt that is going to be paid off by taxpayers and the next generation. The sovereign wealth fund should be built on one thing: wealth. What we have a lot of, after 11 years of Liberal governments, is debt.