Mr. Speaker, boy, is there a lot of hot air this afternoon. I suspect it will continue as we go forward. It is clearly up to constituents or anyone who is watching to pay attention to which side of the House is in favour of this omnibus bill and where we all stand on the issues. One member stands up and brags about how wonderful it is, and the next one points out all of the mistakes and errors that are there. It must be quite comical for people who are watching at times.
I am glad to have a chance to speak briefly to the omnibus legislation that has been brought to the House. I say “briefly” because closure has been introduced again. This is the fourth bill that has been introduced since the House came back after prorogation, and we have had closure on each and every one of them. The Conservatives are clearly in a rush. I am not quite sure where, but we have to think about that as Canadians.
However, this continues to be the same pattern the government has followed previously. We have prorogation, then we have a budget, and then we will have prorogation and we will have another budget. It is the pattern of management of House business that continues to be a huge challenge in here, as to how House business is dealt with. As I said, it is an omnibus budget then prorogation and back to an omnibus bill and another prorogation. If at any point we try to go off of that particular calendar, then somewhere or another there will be another closure bill. It is a very sad reality when we talk about democracy in other countries, and democracy in our own country and our own House is being shortchanged every day with the kind of closure motions that are put down.
However, today we are not supposed to be here talking about the past because that should speak for itself for a lot of people who are looking. Let us look ahead a bit. Let us look past the government's mismanagement of the debt, past the Conservatives' meddling with Senate business, which has consumed everything going on in the House for several weeks now and clearly is going to continue on, and past the fact that the Conservatives continuously ignore the plights of middle-class Canadians. Today I will talk a bit about this budget.
This omnibus budget had its genesis somewhere deep within that 7,000 hollow words and empty platitudes of what was called a throne speech, a speech that some have called the longest and most incoherent piece of government rhetoric in living memory. It clearly was that, at least a half an hour too long. Indeed the Prime Minister spun quite a fiscal yarn into that throne speech, a tale that his Minister of Finance continues into this omnibus budget.
As an example, the Prime Minister would have us believe that he saw the recession of 2008 looming on the horizon. This is really odd because in the campaign of 2008, the Prime Minister said the recession would never happen. He guaranteed Canadians would never have a recession, and attacked those warning Canadians to batten down the hatches as fearmongering. We saw where that went. Indeed, Canada could have been better prepared had the Prime Minister actually listened to those of us in the Liberal Party who were sounding the alarm. However, as usual, the Prime Minister listened only to himself or those in the PMO.
This budget is a continuation of this closed-minded and confused fiscal management theory that the Conservatives continue to put ahead. This budget is again projecting a significant deficit. Just so people do not forget, I remind them that seven years ago the current government, when it got into office, inherited a decade of balanced budgets, annual surpluses of $13 billion, declining debt, declining taxes, strong economic growth exceeding 3% annually, 3.5 million net new jobs and the most robust fiscal situation in the world. It was an ideal, perfect position for the Conservatives to come in. Despite all of that, the Conservative budget is another example of failures.
Besides dealing with the fiscal matters, such as the Supreme Court appointment process that has been completely bungled, this budget does little more than remind Canadians that the Conservatives have overspent by three times the rate of inflation. The Conservatives have eliminated the contingency reserves that Liberals had built into the federal budget process to protect Canadians against unexpected and adverse events. We have clearly very little protection built in anywhere today should there be a major problem for Canada. Most importantly, the Conservatives sent the surplus up in smoke and put Canada back into deep deficit long before, the key phrase being “long before”, the onset of the recession, which the Prime Minister's economic wisdom said was never going to happen.
Now as ridiculous as that sounds, people just have to read the books and read the blues and they will see how it is. Despite all of that looming evidence, evidence that almost every Canadian detected ahead of time, the Prime Minister continued with his denials. Despite collapsing markets in the U.S. and the onset of American bank failures, the Prime Minister continued to blindly plunge ahead. Rather than positioning Canada for the recession in advance, the Prime Minister suggested that economic problems in other countries would be a good thing for Canada. Remember how he projected good buying opportunities when other countries were in trouble.
I am not sure if this was deceptive or just clueless. Canadians will be the ultimate judge of this ineptitude but this country was left vulnerable, and this budget is further proof of just how serious that exposure was.
This brings us back to the omnibus budget that is before us today. After six Conservative deficits and nearly $180 billion in new Conservative debt, the minister has the audacity to suggest that his debt-to-GDP target of 25% by the year 2021 is bold. Worse still is the extreme hypocrisy of a government that took Canada from its largest surplus in history to the largest deficit in history, promising balanced budget legislation. In my estimation, deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as the tax hikers they truly are.
Remember, the government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect. It is odd to hear this particular promise from this particular Prime Minister's mouth because in the past 17 years he is the only prime minister to permit a deficit. He is the only prime minister to hike the national debt. The real story here is that the omnibus bill is an admission of the Conservative government's failure and ineptitude as fiscal manager.
Let us not forget that it was the Prime Minister that promised to attain a debt-to-GDP target of 25% by the year 2012. When the Conservatives missed that target, they began planning and now they have made the same kind of promise again, only this time they are promising to do it by 2021.
Conservatives can promise and then re-promise the same things over, but the promises are not credible. This budget makes promises and commitments but the promises are not grounded in sound fiscal policies and they are certainly not in the best interests of the middle class. The Conservatives think they can slash their way to prosperity but the past seven years has proven they only dig a deeper hole. Sadly, this hole now contains the Conservative cuts to old age pensions, to health care plans and to environmental projects, but prosperity still eludes the government.
There is an old saying that suggests the first thing to do when someone finds themselves in a hole is to stop digging. Budget 2013 is nothing more than a shovel and will yield the same results as its predecessors, which were advanced under the failed Conservative fiscal ideology. In every year since 2010, economic growth in Canada has been slower than the year before. No prime minister has done worse since the days of R. B. Bennett. What Canada needs most, alongside strong, competent, honest government, is a concrete plan for greater sustained economic growth, focused on the middle class.
As the voice of the people of York West, I am truly saddened by the government's negligence and disregard for middle-class families, students, seniors and those working to make a living. Canadians are already being hurt by the fiscal policies of the government, and this omnibus bill is just another swipe at the middle class. I cannot support it. Clearly, it would be a good idea if the Conservatives did not support it either.