Madam Speaker, it is a pleasure for me to rise and speak to Bill C-14, a government bill that would implement various fiscal measures, including raising the debt limit. We are doing so, relatively on the eve of the next federal budget coming on Monday, April 19, the first federal budget in two years. As a result of the delays, we have had to endure waiting for what used to be annual event and is now highly anticipated.
With Bill C-14 as well as the upcoming budget in mind, I want to talk about our fiscal situation and make some proposals. Before that, I want to talk about this broad concept of resilience.
Resilience is the ability to recover from difficulties. A core responsibility of government is to try to build up resilience within our government, within our institutions and within our national capacity.
Resilience means thinking about the things that could go wrong and preparing for them, even if nobody is talking about them.
Resilience is a critical job of government because it is something that could otherwise be undervalued. It can be undervalued by the private market. People do not always think about the various things that could go wrong and prepare for them. It is also something that can be undervalued particularly by government because it can be undervalued by the political market. That is, there is a risk maybe that governments' decisions to prepare for, or failure to prepare for, certain things that could go wrong are not top of mind for voters.
In the last election, I do not recall being asked by any voter if I thought the government was prepared for a global pandemic. I do not recall being asked by any voter if I thought the government was prepared for the possibility of a foreign invasion. I do not recall being asked by any voter if I thought the government was prepared for a cataclysmic natural disaster. That is natural.
Generally, as individuals, as consumers, as voters, we are not thinking about the possibility of grand disaster. We are more inclined to think about our immediate needs and our immediate challenges, but these are things that can happen as we have seen with COVID-19. It should bring home for all of us the fact that major, disastrous, global-scale events are things that can happen and the degree to which we think about them or prepare for them before they happen really matters in terms of our ability to engage those situations when they come up.
This should remind us of the importance of thinking about resilience and about whether we are ready to overcome major challenges that could come along. Therefore, it is easy and natural, coming out of a global pandemic, to think about being resilient in the face of another pandemic: What are the things we learned about dealing with public health pandemics so we are ready in case of another pandemic?
The broader lesson should be what can we do to prepare ourselves to respond to large-scale disasters. The next big challenge that comes at our country, unexpectedly, might not be a pandemic. It might be some other kind of challenge: a cataclysmic economic event, a cataclysmic natural disaster, something in terms of national security, etc. Thinking about resilience and developing a resilience mentality should be about, as governments and as parliamentarians, asking questions about our preparedness for disasters, those that are maybe undervalued in our typical day-to-day political discussions and by the private market. Developing a resilience mentality requires us not just to think about how we should have been ready for this crisis, but how we should prepare for future crises.
We know clearly that the job of government of preparing for disaster even if it is not on the public mind is something the government really failed to deliver on in terms of the COVID-19 pandemic. We did not have the required protective equipment. We did not have the manufacturing capacity required to respond to the immediate needs that came up. We did not have an early warning system that was operational. We had destroyed stockpiles. We were not prepared with the kind of social structures and systems that would have allowed us to react quickly. Right at the beginning, we should have had the PPE required, given people the right advice out of the gate on masking, put in place strong effective measures at the border right away and had a plan for tracing systems. All of these were thought of and enacted in other countries.
However, we did not have the structures and systems, or the necessary equipment, in place at the beginning. We had not built our systems to be resilient, in terms of health.
Recently, in the official opposition, we have talked a lot about being resilient in the face of possible security threats. We have a government that still has not made a decision with respect to Huawei. It said it would make a decision before the last election, and here we are, on the eve of what the government seems to want to be the next election. We will see. In any event, it has been years since the government's original self-imposed deadline for making a decision about Huawei.
We hear repeatedly, including from the member for Ottawa South, who chairs the National Security and Intelligence Committee of Parliamentarians and who is a member of the government, about concerns of foreign state-backed interference in Canada. We have heard from that important committee that we are not responding effectively. We are not prepared for it.
What about our fiscal resilience, in the context of the budget or in the context of Bill C-14? Are we ready for the kinds of problems that could be being created by the government's fiscal policy?
In the last year, we have spent more money than we ever have before. That goes without saying. However, we have actually borrowed more money, in real terms, in the last year than Canada did during World War II. In real terms, Canada borrowed less during all of World War II than we did in the last year. Of course, the COVID pandemic and the needs associated with it are very significant, but so were the Second World War and the needs associated with it for Canada, as well.
We have run up more debt in the last year. It is more than half of the total debt run up in all of Canada's history until this point. However, at the Liberal convention, were they debating how to get our public finances under control? Actually, they were talking about more spending. They were talking about putting in place a new universal basic income program, which is effectively more government spending, and expanding deficits on a permanent basis.
In the face of those conversations happening within the government, I think we have to ask how long this is going to last, and are we resilient? Are we prepared for the possibility of a serious fiscal problem? From time to time, countries that cannot control their spending experience runaway inflation. They experience various kinds of fiscal collapse.
The consequences of that for Canadians would be significant. We would put ourselves in a position where we could not get out of those problems, and could not just spend more money to address the challenges that people would face in that kind of situation.
Alas, what we have seen from the government is a “live for today and let tomorrow take care of itself” mentality on health, security and spending. It is thinking about today, not thinking about preparing ourselves for what might happen in the future.
As Conservatives, we have always believed in making the hard argument of thinking about the next generation, preparing for threats and challenges that we might not be able to see, taking a precautionary approach and ensuring that we are able to pass the goods of civilization on to the next generation. This is rather than undermining our position of public health, security and fiscal well-being, and leaving the next generation with a possible disaster.
We need to be thinking about resilience across a broad spectrum of issues, preparing for challenges and being ready to respond to those challenges.
I worry that sometimes in Canada, we have been victims of our success, in that we have gotten used to things going well. We have not always prepared for serious disasters because we do not have the same experiences of them here as maybe have happened in other parts of the world.
However, we have not achieved a level of prosperity, security or fiscal well-being by accident, and it will be not maintained without hard work. The path the government is putting us on right now is not one of resilience. It is one that puts our institutions and our national well-being in great danger. This is why we need to refocus our attention on the values of resilience and preparedness for the future.