Discussion · Government Orders
Anthony Housefather Liberal
“It makes sense for our country to borrow money to build big projects. This grows our economy for the long term while keeping our debt manageable compared to other wealthy nations.”
“Mr. Speaker, I find it hard to believe that the member is actually equating an individual’s own wealth with the country’s obligation to fund massive projects within the country. The idea of countries borrowing to enable to grow their economies is not something new. Obviously, there needs to be fiscal prudence. The government’s plan balances that fiscal prudence with a very solid balance sheet of the lowest debt-to-GDP ratio in the G7 economies, with an idea that we need to build strong nation-building projects going forward. This is a way for the country to benefit from those projects long-term, as well as for individual Canadians to put up their own money to join in investing in those projects.”
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Mr. Speaker, I find it hard to believe that the member is actually equating an individual’s own wealth with the country’s obligation to fund massive projects within the country. The idea of countries borrowing to enable to grow their economies is not something new. Obviously, there needs to be fiscal prudence. The government’s plan balances that fiscal prudence with a very solid balance sheet of the lowest debt-to-GDP ratio in the G7 economies, with an idea that we need to build strong nation-building projects going forward. This is a way for the country to benefit from those projects long-term, as well as for individual Canadians to put up their own money to join in investing in those projects.