MEMBER OF PARLIAMENT

Pat Kelly

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Kelly presses the government on federal finances, demanding answers on the $67-billion deficit, debt interest costs of $54 billion a year, and the Trans Mountain cost overrun, and calling for repeal of laws that block pipelines and other major projects. He leans on personal jabs instead of the argument at hand, calling a minister’s conduct “in his arrogance and hubris” and the Prime Minister’s “limited civic literacy”. He keeps repeating the same question when ministers give no answer.Written by AI from their statements. Updated .

Average grade
A–
89 / 100 over 61 statements
Signal 79 / 100
Relevance 86 / 100
Respect 99 / 100
Clarity 98 / 100
Loses points more than most for An insult aimed at a person.12.5 times as often as most members.What the tags mean ×12.5 Loses points less than most for A promise with no date, no measure and no one responsible.Less often than most members.What the tags mean Averaged over the 61 of 77 statements graded so far.

Statements 77

Government Orders ·

Government Orders

“The Liberals took over ten years to act on sexual misconduct in the military. When this bill went to committee, members from different parties worked together on amendments to improve it, including letting victims choose between the military or civilian justice system. Now the Liberals want to undo those committee amendments and rush the bill through. I want the House to keep the committee's amendments.”
  • Speech on a bill

    Respect 98 of 100

    This statement targeted a person rather than their actions or views: “his limited civic literacy”.

    See full analysis
Official Hansard

Mr. Speaker, sexual misconduct in the armed forces is a known long-standing problem. It was known during the previous Conservative government. The previous Conservative government received the Deschamps report, which recommended changes, some of which required legislation, in March of 2015. The report was tabled and its recommendations were accepted just before the 2015 election. If Conservatives had been re-elected in 2015, the legislative changes necessary to address investigations and prosecutions into sexual misconduct would have been taken care of 10 years ago, but that is not how it turned out. The Liberals won the 2015 election. During the entire 42nd Parliament, the Liberals did absolutely nothing. They made literally zero effort to pass the necessary legislation between 2015 and 2019. We have to go through this to really figure out how we got here, when the Liberals are time allocating this bill today, in 2026. During the 42nd Parliament, the Liberals’ main contribution to the issue of sexual misconduct was to cover it up. That is what it did when it touched the highest levels of the chain of command. Some will remember that former defence minister Harjit Sajjan helped cover up known sexual misconduct by the then chief of the defence staff, Jonathan Vance, along with some help from the Trudeau PMO. After the next election, in the 43rd Parliament, the Liberals still did absolutely nothing to implement the Deschamps report. They let new reports pile up, such as the Fish report and the Arbour report, while a succession of senior officers continued to be publicly accused of sexual harassment. Three elections in, the Liberals finally got around to tabling an earlier version of this bill in the spring of 2023. That was eight years after the Deschamps report, and then they made almost no effort to move the bill in the House. It sat there collecting dust on the Order Paper for a whole year before receiving, I believe, exactly one day of debate in the spring of 2024. Some will remember what the Liberals did in the fall of 2024. They sacrificed their entire legislative agenda in defiance of two orders of Parliament. They willingly did so rather than comply with rulings from the Speaker that found prima facie evidence of contempt of Parliament related to the corruption of the green slush fund and the lies told about the disgraced former minister Randy Boissonnault at committee and his conflicts of interest. That lost legislative session ended with the implosion of the Liberal cabinet, the resignation of the then prime minister and the prorogation of Parliament. It ended the Liberals’ attempt, their first attempt, to legislate the changes recommended by Justice Deschamps. Conservatives have always supported, and continue to support, the recommendations contained in the Deschamps report. We agreed with the recommendations when we were in government. Conservatives have continued to agree with them while in opposition during the 42nd Parliament, the 43rd Parliament, the 44th Parliament and, now, the 45th Parliament. When the Liberals finally called this bill, Bill C-11, last December, on a Friday, Conservatives allowed it to pass at second reading without even one full day of debate. Now we have the amendments. The amendments we are debating are the result of the defence committee’s work earlier this year. The defence committee heard brave, courageous testimony from victims of sexual assault, abuse and harassment within the armed forces. They heard about traumatic, harrowing experiences. The testimony that was heard at the defence committee was given serious consideration. The appropriate jurisdiction of investigations and prosecution is not a simple question. It is true that Justice Arbour recommended that all cases be referred to the civilian system, but it is also true that many victims expressed a variety of concerns about access to justice within the civilian system. That is why Conservatives and Bloc MPs, even the NDP, all recommended that the best way to give victims their best shot at receiving justice is to allow the victim to choose which system makes the most sense in their particular case. The simplicity of this recommendation speaks for itself. There have been other inquiries and studies done at the defence committee, and none of the inquiries, the studies or parliamentary reports disagreed that there are barriers to justice within a system where the victim and the accused are part of the same chain of command. Nobody is disputing this. However, as was pointed out by witnesses during the committee’s study, the civilian system is also riddled with barriers to justice for victims. Official languages is an issue if a member cannot get service in the official language of their choice in the provincial system of where they are stationed. Delay is another one. That is why the committee recommended choice. It would not be forcing anybody to have their case studied within the military system. It would be giving choice. During this committee study, no party had a majority. All the MPs worked together, regardless of their party affiliation. There were many amendments proposed, and there was very powerful and compelling testimony that drove these amendments. That is what Parliament is all about: hearing from the witnesses at committee and working together to recommend improvement to the legislation. That is good opposition politics. That is good government party politics. However, we know that now everything has changed. The Liberals have a majority, and they have already demonstrated the contempt they hold for opposition MPs and for ideas other than their own. In its arrogance and unbridled hubris, the Liberal government is ignoring the wisdom born of co-operation and collaboration. There were 14 amendments, which were all supported by multiple parties, and now the Liberals are intent on ramming the bill through, after spending almost 11 years failing to introduce and pass it. The member for Nunavut, in particular, contributed to the bill in a very meaningful, important way. This is what Canadians want. Her party did not even have a seat at the committee table, but she as an MP produced a good, sound, principled amendment that was debated and adopted at committee. Canadians say they want their elected representatives to be open-minded. They want them to work together and want them to respect and co-operate with each other. That is what the defence committee members did. They took seriously the amendments offered by an MP who did not even have a vote at the committee. However, between the clause-by-clause review at the committee and the present, today, when the Liberals now have a majority and have used time allocation to curtail debate on this, the member for Nunavut has crossed the floor and joined the Liberal caucus. She had a history of principled opposition to government. She was one of the few NDP members who remembered that her duty was to oppose the government and not to hold the opposition party to account. I hope the member for Nunavut will remember this and will not end up opposing her own contribution to the bill, because she proposed the amendment that would allow choice and flexibility in cases of sexual misconduct in the military. She was doing her job, so now that she sits on the Liberal benches, I hope she will actually follow through and support her own amendment. The member for Nunavut is not the only one. There are other members who have crossed the floor. We now see the Liberals and their true colours: power at all costs and control at all costs, with power concentrated entirely in the hands of the Prime Minister. The Prime Minister’s contempt for Parliament as an institution is becoming obvious to all. I am actually concerned about his limited civic literacy, when he speaks in English and calls other MPs his deputies, and when he sets up photo op signings, pretending to sign bills into law. It is almost as if he needed to be told that it is actually the Governor General who signs laws, not him; that she does so only after they have been agreed to by a majority of members of Parliament, of both Houses of Parliament; and that none of those members in either chamber are his deputies. I am disappointed that the government took 11 years to deal with a well-known and long-standing problem and that it is proposing to gut this bill after such clear and powerful committee testimony. I supported the bill in principle and sending it to the defence committee. I support the conclusions of the defence committee, which made important amendments to fix the bill. I oppose the Liberals’ attempts to undo the committee’s work by gutting the amendments today.

Oral Questions ·

Finance

“The new budget is bad, and experts say the government is letting our economy decline. Will the Liberals stop their reckless spending?”
Official Hansard

Madam Speaker, the reviews on this costly budget are in and they are not good. Even Andrew Coyne, that pillar of Laurentian consensus, said that this new government has no interest in “arresting our economic decline.” Even Andrew Coyne says we are in economic decline, and the Liberals are not interested in doing anything about it. Will the Liberals finally end their credit card budgeting, yes or no?

“The new budget doubles the deficit that made the last finance minister and prime minister quit. I want the Prime Minister to admit that the Liberals are still spending and borrowing too much.”
Official Hansard

Madam Speaker, remember when Justin Trudeau’s projected deficit was so bad, Chrystia Freeland refused to table it and resigned, and then Trudeau resigned? They had to get another random Liberal to table it. The update is so bad. It is another credit card budget, with double the deficit that forced the then-finance minister and, eventually, the prime minister to resign. Will the Prime Minister admit that after 10 years of reckless Liberal taxing, borrowing and spending, nothing has changed?

Government Orders ·

Spring Economic Update 2026 Implementation Act

In response to a question from Dane Lloyd

“This is what happens when the economy is run on government favours.”
Official Hansard

Madam Speaker, that is the natural, expected outcome of an economic management system based on rent-seeking and favour-seeking from government.

In response to a question from Carlos Leitão

“Past prime ministers left this government with a balanced budget in 2015. Since this government took over, our standard of living has not improved, and Canada now ranks at the bottom of peer countries for economic output per person.”
Official Hansard

Madam Speaker, that is a credit to past prime ministers, who bequeathed this government a balanced budget in 2015. He may note that it gives me no joy to point out that we are at the bottom of the OECD for per capita GDP and that the standard of living in the country has not improved over the tenure of the government. Yes, they are clinging to that one, but we have seen how they discharge all of their anchors and all of their measurements, all of the bars to which they measure themselves, when necessary.

In response to a question from Mario Beaulieu

“The tariffs are a big problem. The government promised to fix them with a deal by last July, but it failed. There is no progress, and the Liberals have no real plan.”
  • Reply to a debate question

    Relevance 100 of 100

    Of this reply, 100% addressed the question or point raised.

    See full analysis
Official Hansard

Madam Speaker, I only had 10 minutes. I am glad I got that question. The hon. member raised the tariffs. This is a terrible moment in which we find ourselves with respect to the tariffs. Again, this is the government that said it had the answers. It promised and ran in an election campaign promising a deal by last July. The deal has not happened. There is no visible evidence of progress toward a deal. I do not know what the Liberals’ plan is. They just seem to think that their own slogans or walking around saying “elbows up” will solve the problem.

In response to a question from Kevin Lamoureux

“The government is using dishonest math about the debt. They pretend they can use public pension funds to pay it off. They have also been in power for 11 years and still have not built the infrastructure they promised.”
  • Reply to a debate question

    Relevance 44 of 100

    None of this reply addressed the specific point raised or the topic under debate.

    See full analysis
Official Hansard

Madam Speaker, with regard to the debt-to-GDP, I did not even have time to get to that slippery bit of accounting that these guys talk about. I heard, yesterday in debate, when they talked about a 10% debt-to-GDP ratio. That is if we are pretending that we have the ability, if we wish, to use the entire assets of the Canada pension plan to pay off Canada’s debts. That is accounting trickery. He talked about the port of Montreal. The Liberals have been in office for almost 11 years and they have done nothing to build this infrastructure. It would be one thing if they had just come into power and were looking at this. They have been here for 11 years and they have not done what they promised to do in 2015.

“I oppose this budget. It spends too much money and adds a 67-billion-dollar deficit. The government is spending billions just to pay interest on the national debt instead of fixing highways, funding health care, or improving our ports.”
Official Hansard

Madam Speaker, let us make no mistake, this is another Liberal costly credit card budget. This budget has record debt, record debt service charges and record spending. This is just more of the same failed approach we have seen for the last 10 and a half years since the government came into power and inherited a balanced budget. This is a failed approach that is continuing to fail. We have a deficit now on this budget of $67 billion. That is double the budget that was projected in the last Trudeau budget for this year. Does everybody remember what happened then? That was when the Liberals were going to table a budget of $30 billion for the deficit for this year, and that deficit then was considered so big and so bad that Chrystia Freeland resigned rather than table it. Do members remember that day? I was in the lock-up that day. It was pure chaos. Nobody even knew whether the budget was going to be tabled or not. Nobody would sign it. When it was dropped, it had no signature. There was no minister, and nobody was willing to take responsibility for even a $30‑billion deficit projected in this year. It precipitated the eventual resignation of Trudeau. Here we are a year and a half later, and the Liberals are tabling a budget that is twice as bad as that one, which was so bad it brought down a finance minister and a prime minister. They turned to the guy who was supposed to be the adult, who was supposed to have the credentials and be the experienced person who knew that money did not grow on trees, that we could not borrow our way to prosperity and that money borrowed eventually had to be repaid. Everybody thought that was the guy they had gone to. Here we are at $67 billion. That is double the deficit that was so bad a year and a half ago that it brought down a prime minister. This budget is going to begin to squeeze out other spending. The fastest-growing item in this budget and in the projections is debt service. The current expenditure on debt service is $57.8 billion. This is money that is not being spent on health transfers, on old age security and on building, buying and procuring submarines, which is something the Liberals have not done yet. It is the fastest-growing part, and it is going to go to $80 billion in the short-term horizon that this budget covers. We also see debt growing through accounting trickery, because the Liberals are going to borrow $25 billion to fund this so-called wealth fund. It is right there, buried in an appendix at the back. They are going to borrow this money, which is a charge against the consolidated revenue of Canada. It has to be paid, but they offset it and pay it as an offsetting asset, which will not be generating money to repay the debt, and certainly not anytime soon, if ever. The debt is actually getting worse than even the deficit number would state because of this wealth fund that the Liberals have created, so let us talk about an exercise in announce-ology. We heard the previous speaker talk about building Canada. Yes, we need to build in Canada. There are so many things that need to be built in this country. We need a strong Canada. Everybody in the House wants a strong Canada. Every Canadian wants their country to be strong, secure, prosperous, stable and peaceful. These are all the things we want, that all Canadians want, but we are not going to get there by just simply borrowing money and declaring that we have a sovereign wealth fund when there is no wealth backing it. That is not going to get us where we need to go. Think of where we were 10 years ago. The Liberals had a balanced budget. The northern gateway pipeline was approved. The Liberals came in here with an approved pipeline and a balanced budget. Enbridge could have built that pipeline, and today it would be pumping out half a million barrels a day into world markets, creating $50 million a day at today’s prices in revenue, so $20 billion a year. Think of how much in taxes and provincial royalty we could have, and all of these public goods that would have gone toward building schools, hospitals and public services that Canadians rely on, but they cancelled it. It was literally the first thing they did. Now here they are, having this out-of-body experience, wondering why things have not been built in Canada over the last 10 years and why we have this deficit in infrastructure. They ran in 2015, promising to borrow in the short term in order to build infrastructure that would allow the budget to balance itself, but it did not happen. The deficits happened, and they continue to spiral upward to what we have today, a $67-billion deficit. The opportunity lost and squandered over the last 10 years is devastating, and it has accelerated in the last year and a half since they changed leaders on the other side. The deficit and productivity crisis are getting worse. In fact, we are coming up on the second anniversary of when the deputy governor of the Bank of Canada declared productivity to be a break-glass emergency. We are at the bottom of our peer countries in investment, plants, equipment and intellectual property. These are the things that improve the productivity of our economy and lead to higher wages, so that people can afford the increased cost of living. The Liberals ignored this productivity emergency. They are not building productivity-enhancing infrastructure; they just talk. They create new Crown corporations, funds and bureaucratic structures, but we do not see real, tangible infrastructure investment. The last thing, which they are still talking about, was the Alto project. They say it will cost around $90 billion, but an average cost overrun would take that to about $135 billion, and 12 million people a year, according to McGill University, would ride the thing. Doing the math, it would be probably around $500 a ticket just to service the debt that it would cost to build this thing. That is not nation building, it is pet-project annouce-ology, announcing something that people will feel good about, but has no basis in fact. Why do the Liberals not take that money and twin and build a proper Trans Canada highway? We have seriously dangerous portions of the highway where people are killed regularly. The accidents in northern Ontario are horrific. I come from western Canada, where there are some horrific portions of that highway in B.C. Think of the productivity drag. We have ports that are ranked among the very worst in the world. Vancouver, Prince Rupert and Montreal all need billions of dollars in improvement. These are the kinds of things that would improve the productivity of our country. They announced a wealth fund with the same model as the Infrastructure Bank, which was called a failed industrial policy by the Montreal Economic Institute on Monday. Representatives from the Montreal Economic Institute came to committee and said that the Liberals are doing the same thing. It did not work with the Infrastructure Bank, but instead of winding up the Infrastructure Bank and moving on, they are doubling down and creating a new thing where people who are seeking regulatory relief and self-enrichment or subsidies would lobby the government, and those with the best connections would be chosen by the government. This fund would be politically controlled. Its board would be PMO buddies who would approve the projects that the Prime Minister wants to have approved. The Prime Minister said as much. The Liberals have talked about, “We can give regulatory relief or subsidies to some of these guys, but we are going to want a piece of the action, too”. Think of the kind of language that they are using. Why not use a common-sense approach? Let us repeal all of the bad laws the Liberals have passed over the last 10 years that have been chasing investment out of the country and we will see building and construction of a strong, resilient, sovereign Canadian economy. That is the approach Canadians need, not the approach that benefits rent-seekers and insiders rather than the people of Canada.

“I am asking the House for permission to share my speaking time with another member.”
Official Hansard

Madam Speaker, before I begin, I ask for unanimous consent from the House to split my time with the member for Vaughan—Woodbridge.

“The member said the government is cutting the excise tax in half. It is actually just cutting the tax increase in half. The tax is still going up, not down. I want him to make that clear.”
Official Hansard

Madam Speaker, the member spent a fair bit of time in his speech on the excise section. He said the government is halving the rate of excise. I am pretty sure what he meant is that the government is halving the increase on the excise. I would like him to clarify this, so that we do not leave Canadians with the impression that the government is actually reducing the tax on excise. The government is reducing the rate at which it is increasing the excise. Perhaps the member could comment, then, on whether or not that would bring the excise rate down to the level it was in 2017, before the government started automatically increasing it every year.

Government Orders ·

Business of Supply

In response to a question from Caroline Desrochers

“The government should not tell the opposition what topics we can debate or what questions we can ask. It is our job to oppose bad policies and suggest better ideas.”
Official Hansard

Madam Speaker, it is a shame, because she must not have listened to my speech. I was very clear about the approach the Liberals should take and the approach they should not take. It takes a staggering amount of arrogance to judge and presume what is important to the opposition, and to say that we should not use an opposition day to oppose a terrible policy being proposed by the government and to propose alternatives. That is what opposition days are for. In question period, we ask important questions that need to be answered. We do not need to be told by the government what questions we should ask or which of its policies we should oppose or propose alternatives to.

“I want the government to cancel its new investment fund. The government is borrowing twenty-five billion dollars to pay for it instead of using extra money it saved. This adds more debt for Canadians and lets politicians give money to their friends. The government should cut taxes and spending instead.”
  • A repeated line

    “That is not a sovereign wealth fund.”

    Said 4 times by 4 members since April 30.

    Every time it was said
Official Hansard

Madam Speaker, the Liberals’ new fund they have announced should never be called a “sovereign wealth fund”. A sovereign wealth fund is a fund that takes surplus government revenue, usually from resource export revenue, and invests that surplus internationally. That is what a sovereign wealth fund, by any normal understanding of the term, means. The government in fact even explicitly compared its new fund to actual sovereign wealth funds, like those found in Norway and Saudi Arabia, but the government has no surplus. It will borrow 100% of the funds to seed its fund, so it is not a sovereign wealth fund at all. It will become a Liberal slush fund that will inevitably become a plaything for the Prime Minister and his Liberal insiders, bought on national credit. The government’s own announcement said, “the government will provide $25 billion over 3 years, on a cash basis, to seed the [fund].” Well, the Liberals just tabled an economic statement with a $67-billion deficit, without counting the $8.3 billion the government will need to seed the fund initially, which is in the cash flow statement and does not show up as a balance sheet entry. The Liberals enter this new debt with an offsetting asset that produces nothing, but Canadians will still have to pay the debt borrowed to seed the new fund. The fund is created by new debt to be repaid by Canadians, not created by surpluses invested on behalf of Canadians for their future. This is going to be a $25-billion hit on the national credit card. There is simply no denying this. The government’s own announcements and fiscal update confirm it. The government announced, “The Fund will invest in strategic Canadian projects and companies alongside other investors—with a clear objective to achieve commercial returns to build the wealth of Canada.” Well, that sounds wonderful, does it not? Who could be against Canadian projects and investing in companies that deliver commercial returns for the wealth of all Canadians? However, the skilful announcement cannot hide what this really is. The problem is that borrowing money and handing it to politicians and their hand-picked cronies to invest in companies that are chasing preferential regulatory treatment, subsidies and self-enrichment, all done on the nation’s credit card, is absolutely the worst possible way to go about building Canada and the wealth of Canadians. The best way to build Canada and the wealth of Canadians is to repeal the laws that the Liberals passed over the last 10 years that have resulted in capital flight from Canada and in economic stagnation. In 2015, the government inherited a balanced budget from the previous government. The New York Times, hardly a Conservative media organ, declared that Canada then had the most prosperous middle class in the world. Homes were affordable for most people. Food was affordable. A pipeline to the west coast was approved. Kinder Morgan was preparing to invest billions of dollars to expand the Trans Mountain west coast pipeline. The TransCanada pipeline project, as it was then called, was doing the preliminary work for an application to build an east coast pipeline. This was what was on the table in 2015. Then the Liberals formed their government in November 2015, and their election promise was to run three years of modest deficits to fund unprecedented investments in national infrastructure, resulting in economic growth that would lead the budget to balance itself. However, the very first thing they did was cancel the existing pipeline approval for the west coast. They did it by a ministerial order before Parliament even met in November 2015. If they had not done that, the west coast pipeline would already be built. Half a million barrels of Canadian oil would be on world markets today. At today’s price, that is $50 million a day in Canadian energy exports. That is nearly $20 billion a year at today’s prices. Now the Liberals are having a sort of out-of-body experience, wondering why we cannot supply our allies and the world market with energy. Before anyone says, “Wait a minute, Trudeau’s gone. All the leave-it-in-the-ground Liberals have been shuffled off to the back row and off to the sides or given cushy diplomatic appointments,” let us not forget, let no one in the House forget that, in 2021, the now Prime Minister appeared at the industry committee and was questioned by the opposition leader. He was asked about that decision to cancel the west coast pipeline, and he said then that it was “the right decision.” These Liberals have been wrong about everything for the past 10 years. Their deficits were not a transformational investment into productivity-enhancing infrastructure construction that allowed the budget to balance itself. Their deficits quickly became structural and have now spiralled ever upward since. It did actually come to a head in the late 2024 session. Does anybody remember what was happening in December 2024? That was when a projected $30-billion deficit for this year was so bad that Chrystia Freeland refused to sign off on it. Do members remember that? Remember when $30 billion was enough for her to resign as the finance minister? Remember the wave of resignations and retirement announcements? Remember when fiscal management finally became the focused issue and finally forced Trudeau out? The man then who was supposed to be this serious, experienced, credentialed, technocratic adult in the room who would restore the health of Canada’s finances after nine years of neglect is now doubling down on the state-led, rent-seeking, crony capitalism of the Trudeau years and has doubled that deficit, which was such a crisis for how huge it was at the time. Consider now the Canada Infrastructure Bank. Nine years ago, the government said that this new thing it gleefully announced would transform Canada. Its members said that it would leverage private sector investment and unlock hundreds of billions of dollars in infrastructure investment. It was all nonsense. Their press release said that there would be four private dollars invested for every public dollar. Do members remember Bill Morneau? He went even beyond his own announcement and said that it would be $5 to every one dollar, in his speech, where he announced it. Here we are nine years later, with billions of dollars still not invested, no projects done and the real number of leveraged private sector investment is 66¢ on the dollar. Now the current Prime Minister wants to do the same thing with this new fund. I do not have time to explain all the things that are wrong with the Infrastructure Bank. This is the same industrial policy that failed with the Infrastructure Bank. With this system, the government makes rules that kill investment, then sets up an office staffed by the Prime Minister’s appointees, cherry-picks which projects it does not want the existing laws of Canada to apply to and then leaves itself free to create whatever future rules or subsidies to force the taxpayer to guarantee the success of whatever project it has chosen. This is what the Prime Minister has more or less admitted himself. All the government needs to do to undo the damage of the past 10 years is to repeal its anti-development laws, rein in its deficits and lower or repeal its taxes and investment will flow. It will flow to its logical conclusion of projects built, jobs created, taxes collected, public services funded, taxes lowered and people free to live in comfort, plenty and freedom. That is why we call on the government to cancel this Liberal slush fund that is being charged to the national credit card. Its approach is not free enterprise; it is state control. It is the approach that always leads to decline, poverty and, eventually, it follows all the way to its logical conclusion: loss of liberty. I call on the government to not proceed with yet another Liberal slush fund.

“Experts told our committee that the Canada Infrastructure Bank failed, and that this new fund will fail too. The bank promised to bring in five private dollars for every public dollar, but it only brought in about 60 cents. I want the member to explain how this new fund will not be the same kind of failure.”
Official Hansard

Mr. Speaker, I would like the member to comment on comparisons that have been made between this new fund and the Canada Infrastructure Bank. We were told by expert witnesses at committee on Monday that the Infrastructure Bank was failed industrial policy and that the fund would be just more of the same. We have heard defence of the Infrastructure Bank. In fact, one of the Liberal members claimed that it was leveraging private sector money. It was promised to do five dollars for every one dollar of public funds. We were also told at the finance committee that there would be about 60¢ of private investment for every dollar. Could the member comment on the failures of the Infrastructure Bank and how they correlate to this new future boondoggle?

“The member misled us about Canada's debt. He claims our debt is only 10% of our economy, but that is only true if you count public pension money as cash to pay our debts. When you count all our debt and do not take away pension money, our debt is over 100% of our economy.”
Official Hansard

Mr. Speaker, there was a lot in the member’s speech, but I want to focus on one specific thing he said that was extraordinarily misleading. This is a talking point we have heard before. He claimed that Canada’s total debt-to-GDP was 10%, unlike the United States at 110% or whatever. Does he believe that the entire asset base of the Canada pension plan is free-flowing cash that could be used to repay the debts of Canada, or is it that, with the true meaningful proportion of our debt, which would include subnational debt and does not subtract the assets of the Canada pension plan, the debt-to-GDP is truly over 100%?

“Could the member spend a minute explaining the difference between investing extra money the government actually saved and borrowing another $25 billion?”
Official Hansard

Mr. Speaker, I really did enjoy the member’s speech. We have had to spend quite a bit of the day trying to debunk some of what we have heard from the other side. Would the member like to take an additional minute or two to walk them through the difference between a sovereign wealth fund, where governments invest wealth that is accumulated from surplus, and simply tacking on another $25 billion to the national credit card?

Oral Questions ·

Finance

“The government spent the last ten years borrowing and wasting money instead of building homes, roads, and pipelines. Now housing and groceries are too expensive. Will this year's deficit be more than $31 billion?”
Official Hansard

Mr. Speaker, the government inherited a balanced budget and then spent the last 10 years borrowing, spending, squandering and taxing hundreds of billions of dollars while home ownership slipped out of reach for the middle class and millions more cannot afford groceries. For the last 10 years, Canada should have been building pipelines, houses, ports and roads, but these Liberals built bureaucracies, slush funds and debt repayments. Again, will the deficit exceed $31 billion, yes or no?

“Government spending makes life more expensive. Since 2015, the Liberals have doubled the debt, housing costs, and food bank visits. Will the Prime Minister promise that tomorrow's deficit will not be higher than $31 billion?”
  • Opposition question in Question Period

    Respect 77 of 100

    This statement targeted a person rather than their actions or views: “proving that he is just another Liberal”.

    See full analysis
  • A repeated line

    “The Prime Minister doubled Justin Trudeau's deficit.”

    Said 10 times by 10 members since April 27.

    Every time it was said
Official Hansard

Mr. Speaker, the cost of government drives up the cost of living. The more the government spends, the more things cost. Since 2015, the Liberals have doubled the debt while doubling housing costs and food bank lineups. The Prime Minister doubled Justin Trudeau’s deficit, proving that he is just another Liberal. Can he commit that tomorrow’s deficit announcement will not be higher than the already reckless, inflationary $31-billion deficit that Justin Trudeau left behind, yes or no?