Discussion · Government Orders
Adam Chambers Conservative
“Canada's finances are getting worse under the Prime Minister, not better. Nearly 14 cents of every tax dollar now goes just to pay interest on the national debt, up from 7.5 cents before he took office. Paying interest on the debt is the government's fastest-growing cost. The Prime Minister is putting our country at risk by borrowing record amounts of money year after year.”
“Mr. Speaker, I was unaware that the member was such a proponent of supply-side economics. The truth is that the fiscal position of this country is being eroded. It is not getting better under the Prime Minister, even though he made that commitment to Canadians, when we are going to spend nearly 14¢ out of every tax dollar brought in on interest on the debt. Interest on the debt is the fastest-growing expense of the government. We used to spend only 10¢ on the dollar, and before Prime Minister Trudeau came in, we spent only about 7.5¢ of every dollar on interest on the debt. This is going in the wrong direction, and I am quite shocked. I am surprised that the two-time central banker and much-lauded Goldman Sachs wunderkind has put Canada’s fiscal health at risk by borrowing record amounts of money year after year and continuing to stay on this course.”
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This statement targeted a person rather than their actions or views: “the two-time central banker and much-lauded Goldman Sachs wunderkind”.
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Mr. Speaker, I was unaware that the member was such a proponent of supply-side economics. The truth is that the fiscal position of this country is being eroded. It is not getting better under the Prime Minister, even though he made that commitment to Canadians, when we are going to spend nearly 14¢ out of every tax dollar brought in on interest on the debt. Interest on the debt is the fastest-growing expense of the government. We used to spend only 10¢ on the dollar, and before Prime Minister Trudeau came in, we spent only about 7.5¢ of every dollar on interest on the debt. This is going in the wrong direction, and I am quite shocked. I am surprised that the two-time central banker and much-lauded Goldman Sachs wunderkind has put Canada’s fiscal health at risk by borrowing record amounts of money year after year and continuing to stay on this course.