Discussion · Government Orders
Steven Bonk Conservative
“The Prime Minister has added more to our national debt than all other prime ministers combined. We now spend more money paying off that debt than we send to provinces for health care. I want the member to explain how this huge debt stops us from building needed infrastructure.”
“Madam Speaker, there was so much in that speech that I agreed with and quite a bit in that speech that I did not agree with. I think the main thing I do not agree with is that the Prime Minister has the heart of a Conservative. A Conservative would never run up such ridiculous amounts of debt. There has been more debt added to our national debt load during the terms of former prime minister Trudeau and the current Prime Minister than there was under all of the other prime ministers combined. In fact, we see now that in a lot of the COVID spending, all the bonds that were sold during that time were short-term bonds, and $600 billion or 29% of our national debt is going to be turned over this year. When the member was mentioning hospitals and the infrastructure needs in Canada, I could not agree more with him. We are now spending more on debt repayment than we do on health care transfers. Could the hon. member explain a little further how the debt that is crippling us now is actually halting the investment in infrastructure?”
Madam Speaker, there was so much in that speech that I agreed with and quite a bit in that speech that I did not agree with. I think the main thing I do not agree with is that the Prime Minister has the heart of a Conservative. A Conservative would never run up such ridiculous amounts of debt. There has been more debt added to our national debt load during the terms of former prime minister Trudeau and the current Prime Minister than there was under all of the other prime ministers combined. In fact, we see now that in a lot of the COVID spending, all the bonds that were sold during that time were short-term bonds, and $600 billion or 29% of our national debt is going to be turned over this year. When the member was mentioning hospitals and the infrastructure needs in Canada, I could not agree more with him. We are now spending more on debt repayment than we do on health care transfers. Could the hon. member explain a little further how the debt that is crippling us now is actually halting the investment in infrastructure?