Rosemarie Falk, Battlefords—Lloydminster—Meadow Lake
Linked statement
“The government's budget has a $65.3 billion deficit. This high spending causes higher taxes, higher debt, and rising costs for Canadians. Canada will spend $59 billion just to pay interest on this debt, which costs the average family about $3,400 a year.”
“Mr. Speaker, the Liberals’ costly credit card budget reveals a deficit of $65.3 billion. That is more than double Justin Trudeau’s deficit, and it is the largest deficit in our history outside of COVID. This inflationary credit card-style spending does not just stay on the books here in Ottawa. It means higher costs, higher taxes and more debt for Canadians already struggling with affordability. Canadians will now pay $59 billion in debt interest, which is more than federal health transfers and more than GST revenues. Servicing the debt costs the average family about $3,400 annually. This spending also shows up on the bills of every Canadian. That is the real impact. While Liberals pat themselves on the back for deficit spending, Canadians are left paying more, because in the end, there is no such thing as government money. There is only taxpayers’ money and it is Canadians who pay the price.”
Mr. Speaker, the Liberals’ costly credit card budget reveals a deficit of $65.3 billion. That is more than double Justin Trudeau’s deficit, and it is the largest deficit in our history outside of COVID. This inflationary credit card-style spending does not just stay on the books here in Ottawa. It means higher costs, higher taxes and more debt for Canadians already struggling with affordability. Canadians will now pay $59 billion in debt interest, which is more than federal health transfers and more than GST revenues. Servicing the debt costs the average family about $3,400 annually. This spending also shows up on the bills of every Canadian. That is the real impact. While Liberals pat themselves on the back for deficit spending, Canadians are left paying more, because in the end, there is no such thing as government money. There is only taxpayers’ money and it is Canadians who pay the price.