Discussion · Government Orders
Mike Lake Conservative
“In 2015, Canada had a balanced budget and the richest middle class in the world. Now our national debt has doubled. We spend more on interest than on healthcare, and soon the whole deficit will just pay for that interest. The government needs to explain how we got here.”
“Mr. Speaker, in 2015, The New York Times reported that Canada had the richest middle class in the world. In 2015, we had a balanced budget and the richest middle class in the world. Fast-forward to today. We have more than doubled our national debt. The Liberals brag about the fact that we are subsidizing groceries for a third of the population. That is the situation we are in. We are spending more on interest than we are on the Canada health transfer, and the Liberals’ own financial statements indicate that by 2030‑31, the entire deficit would be used to pay interest on the debt. How did we get here?”
Official Hansard
Mr. Speaker, in 2015, The New York Times reported that Canada had the richest middle class in the world. In 2015, we had a balanced budget and the richest middle class in the world. Fast-forward to today. We have more than doubled our national debt. The Liberals brag about the fact that we are subsidizing groceries for a third of the population. That is the situation we are in. We are spending more on interest than we are on the Canada health transfer, and the Liberals’ own financial statements indicate that by 2030‑31, the entire deficit would be used to pay interest on the debt. How did we get here?