Discussion · Oral Questions
Sandra Cobena Conservative
“My question was not answered. The Prime Minister is borrowing money just to pay the interest on our debt. Today, interest rates went up. That means higher mortgage payments for families, higher borrowing costs for the government, and more tax dollars wasted on interest instead of services. When will the Prime Minister get this borrowing under control?”
“Mr. Speaker, the member did not answer my question. My question was about the vicious cycle that the Prime Minister is building, which is more debt, more interest and more borrowing. In fact, he is borrowing to pay for the interest he already owes on the debt that he already took on. Today, the Bank of Canada raised interest rates. Now, the government pays more to borrow, families pay more on their mortgages and more taxes go toward interest instead of services. When will the Prime Minister break his vicious cycle and finally get this borrowing under control?”
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A repeated line
“The Bank of Canada has raised rates.”
Said 3 times by 2 members since October 28.
Every time it was said
Official Hansard
Mr. Speaker, the member did not answer my question. My question was about the vicious cycle that the Prime Minister is building, which is more debt, more interest and more borrowing. In fact, he is borrowing to pay for the interest he already owes on the debt that he already took on. Today, the Bank of Canada raised interest rates. Now, the government pays more to borrow, families pay more on their mortgages and more taxes go toward interest instead of services. When will the Prime Minister break his vicious cycle and finally get this borrowing under control?