Mr. Speaker, when the Prime Minister took office, he told us that deficit financing would boost growth, but in three of the four years that followed, per capita GDP growth has been zero, and that was before COVID. In fact, the last five years of per capita GDP growth have been the worst since the Great Depression.
The government went ahead and asked for $700 billion more of borrowing authorizations, and since then, the IMF has downgraded growth projections for Canada by a third, below the U.S., the eurozone and the average of the advanced economies. When will the government realize that it cannot put economic growth on the national credit card?