Discussion · Government Orders
Jeremy Patzer Conservative
“The government has a 66-billion-dollar deficit. It has no extra money to invest in anything. It is just borrowing more money to put into savings. I want my colleague to explain why the government's bad finances make this impossible.”
“Mr. Speaker, I just want to make this really simple for the government. They are running a $66‑billion deficit this year. That means there is no extra wealth or surplus to put into a fund to be able to invest in anything. What they are doing is the equivalent of taking a credit card and then using the credit card to buy into, for example, a child’s registered education savings plan or something to that effect. It is taking on more debt to put money away. Could my colleague explain a little further why their terrible finance record is making this impossible to actually work properly?”
Official Hansard
Mr. Speaker, I just want to make this really simple for the government. They are running a $66‑billion deficit this year. That means there is no extra wealth or surplus to put into a fund to be able to invest in anything. What they are doing is the equivalent of taking a credit card and then using the credit card to buy into, for example, a child’s registered education savings plan or something to that effect. It is taking on more debt to put money away. Could my colleague explain a little further why their terrible finance record is making this impossible to actually work properly?