Mr. Speaker, I will be splitting my time with the member for Mégantic—L'Érable.
Yesterday, the federal Liberal government tabled its first budget in over two years, which happens to be the longest period of time our country has been without a budget in Canadian history. It was the first budget in a crisis so vast in scale that the last time we faced a crisis of this magnitude was the Second World War. That was the last time Canada was at this level of financial burden. This was also my first budget as a member of Parliament.
All things considered, the pressure was on for the Liberal government to get this right and deliver a real plan to secure Canada, to get us out of this crisis and to recover our economy. I listened very intently to the budget speech yesterday, hoping to hear something that would give me and the people of my generation the confidence that the Canada of tomorrow will be better than the Canada of today. However, I regret to say that, following the Deputy Prime Minister's speech, I did not feel that confidence.
As Canada braces for the third wave of the COVID-19 pandemic, I have spent a significant amount of time, as we all have, reflecting on what is at stake. The crisis we face in this country and around the world—the uncertainty of the future, the uncharted waters and the millions of deaths and economic casualties—feels at times unsurmountable. Every week, I spend a morning calling my constituents, and I can confidently and sadly say that the anxiety, the fear and the worry are palpable.
Confidence in the future is not a common commodity among the people right now, and it is really no wonder. Tens of thousands of small businesses have closed, as we know, each one representing a Canadian family that put its heart and soul, years of sacrifice and work into its business, which contributed to the cultural landscapes of our communities. Millions more Canadians depended on these businesses for employment to put food on their tables and to live their lives, and now these opportunities are gone. It is predicted that 220,000 businesses may close before this is all over, which may impact another three million jobs.
What is frustrating is that not all countries in the world are facing a third wave as we are here in Canada. The United States seems to be well on the road to recovery. It is the same thing with the United Kingdom, which is holding fast to its plan to fully reopen in two months. So, why is this not the case in Canada? This is really what I do not quite understand. Why is it that the third wave of the COVID-19 pandemic is now raging in Canada's four largest provinces, with Ontario entering a six-week stay-at-home order and closing schools indefinitely to try to stem the exponential growth of this virus? Manitoba just announced further restrictions as well.
If we listen to the Liberal government, it is trying to pin the blame for this third wave on the provinces. Yet, if nearly every province is facing this third wave and if other countries are managing to do better, perhaps the fault lies with the lack of national leadership, with our Prime Minister and his Liberal government.
Canada has more deaths of people over 85 years of age than do our American counterparts, and we now exceed the U.S. in new per capita cases. The U.S. has provided its citizens with over 250 million vaccines, and in Canada we have had less than 10 million. It is really shocking how far apart we are from our neighbours to the south and across the pond. Just last week, the Prime Minister stood in this House and repeated this bizarre misinformation that the U.K. was in the midst of a third wave, when in fact the U.K.'s daily COVID infection rates are a quarter of Canada's daily total, despite having double our population.
It seems that countries that more successfully procured vaccines have been able to prevent the level of death, hospitalizations and economic closures that Canada is now experiencing. Canadians are paying the price for Liberal mismanagement of the pandemic. This third wave is the Prime Minister's third wave, and he has left Canadians unprotected and not secure.
If the third wave was not enough for Canadians to deal with, now we have a budget from the Liberal government that does little to get us out of this pandemic. In fact, there seems to be very little in the budget overall that can make Canadians feel secure in the future and feel that it is going to get better. There did not seem to be a coherent, thoughtful, strategic or innovative plan for recovery in this budget, and I do believe Canadians were really hoping to see something like this. I think they were hoping to wake up in the morning and see headlines like “Finally a Plan”, yet that was not the case.
We now know that the deficit for this past difficult year is $354 billion, and next year it is projected to be $154 billion. Further, the budget predicts that our federal debt will grow to $1.4 trillion by 2026, which is double what it was before the pandemic, which means that the debt that was created in 150 years was doubled in a few short years.
The Minister of Finance continues to tell us that it is all good and we can afford this because interest rates are low. However, Jack Mintz, professor at the University of Calgary's school of public policy, has said:
It’s kind of like rolling the dice.... We are hoping that this huge amount of stimulus won’t impact inflation and interest rates even within the next five years or beyond.
Therefore, we are hoping, but there really is no guarantee. The Liberals are just guessing and hoping that this tremendous gamble, gambling the future of Canada, will all work out and everything will be just fine. However, we know from six years of Liberal government that the Liberals do not keep their promises to Canadians. Despite promising in 2015 that they would run only three modest deficits of $10 billion, which we all remember, the Liberals spent over $100 billion in deficits in their first four years. They justified this by promising it would create amazing economic growth, yet Canadians experienced sluggish economic growth during the Liberals' first term. As the Conservatives warned before the pandemic crisis, spending $100 billion of debt with little economic growth was foolish and selfish and left us more financially vulnerable when and if a crisis hit Canada; and then it did hit Canada.
The truth is that the overwhelming majority of members who rise to speak to this budget will not have to deal with the long-term or even medium-term consequences of this type of spending and this mismanagement. It is my generation that will be on the hook for this bill. As it now stands, we are the first generation since World War II to inherit a worse economy from our parents. Millennials are dealing with a decimated job market, soaring housing costs, increased debt and a dim economic future with what seems to be no end in sight, and the situation has only intensified after six years of the Liberal government. The last time, the Liberal deficits did not work to create economic growth, so why should the Canadian people trust that this time it will be different, that all the spending announced yesterday will deliver better results? I am not buying it.
Despite all of this, all these deaths and all these closures, the loss of freedoms for well over a year, the fear, the anxiety, the worry and the incomprehensible spending and debt burden for future generations, what has been the tone from the Liberal government? How has it really been viewing this crisis? From last week's Liberal Party convention, we know how the Deputy Prime Minister sees this crisis: “COVID has created a window of political opportunity”. She said that.
Then, when the Prime Minister was asked last week if he would do anything differently to avoid the devastation of the third wave, he simply replied that he had no regrets and would not change a thing. This is not leadership. This is political opportunism and a Liberal Prime Minister who fails to grasp the severity of his failures.
People wonder if perhaps the Liberal government does not take the time to speak to isolated seniors or out-of-work newcomers or devastated small business owners to truly try to understand what the past 13 months have done to people in Canada. I feel that if it had, it would never have made these offensive and insensitive comments. These comments do not make Canadians feel secure that the Liberal government knows what it is doing.
To conclude, I will share, yet again, what I am hearing on the ground in my own riding, where I have spoken to many parents who tell me their little children are depressed and do not want to eat. I have had elderly women being very emotional with me on the phone, saying they do not want to spend the last few months or years that they have on this earth locked in their apartments away from their grandkids. I have had grown men cry to me on the phone as they have watched their life's work, their small business, go up in flames.
The most frustrating part for everyone is that there is nothing they can do about it. They cannot force the Liberal government to care or to show competency or to prevent the third wave. They cannot go back in time and stop the Liberals from wasting a hundred days betting on a Chinese company to produce vaccines for Canada, only to be embarrassed and dismissed by the Communist Party of China, putting Canadians three months behind other countries for viable vaccines. They cannot go back and force the Liberals to heed the Conservatives' advice to close the borders when we first learned of this mysterious virus wreaking havoc on China, and later Italy.
That is our job as parliamentarians, to hold the Liberal Prime Minister to account. I, along with my Conservative colleagues, have been standing virtually in this House for months, over a year, pleading, asking, demanding that the Liberals show leadership, put forward an innovative, strategic plan and take care of our country's finances so they do not bankrupt Canadians and bring on a second Great Depression. I wish Canada's Prime Minister would acknowledge the impact of his decisions and lead with humility, given the enormous toll his mistakes have had on Canadians, and bring forward a real plan to get us out of this.
I will close by saying that I am proud of the resilience and the strength of the people of Kildonan—St. Paul. I am thankful for their prayers, their kindness and their support. That support gives me strength to keep going in the tough days. It is my duty to represent them, and I will continue to faithfully fight these battles on their behalf and fulfill my duty as their member of Parliament.