Discussion · Government Orders

Greg McLean Conservative

“The government is using slogans while spending away our future. This budget adds 766 billion dollars of debt over the next five years. That debt will have to be paid back. I want the member to explain how this counts as careful spending.”
Official Hansard

Mr. Speaker, my colleague is on the finance committee with me, and we manage to work pretty well together as far as what we have to get done at that committee goes. I heard his speech today, and I know it is a canned speech, as it always is from that side of the House, with a whole bunch of slogans. The government has been very good at coming out with marketing slogans, and I love the name of this one, “Masters of our destiny”. Masters of our own destiny includes Canadians, Canadian taxpayers and Canadian businesses, and, frankly, the government is spending their future. There is a huge accumulation of debt in this budget classified in different ways, but we are talking about an additional $766 billion of borrowing over the next five years. It as a ludicrous amount. “Debt” is defined in public finance as demand brought forward. What is the government going to do when it has to pay that debt? Will the member please come to the table and tell me what he means by “fiscal prudence”, because we are exactly not there, and how he is going to reiterate that line when he has to—

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