Madam Speaker, it is a great honour to enter into debate today on the budget. I would like to share my thoughts and what I am hearing from the people who I represent about how disappointed they are.
They are disappointed that this budget, two years late, has nothing in it to get our economy back and rolling again. It is immensely frustrating, coming from Saskatchewan, to see that, if we look at the sectors that have been ignored over the years by the Liberals, this has continued with this budget. It is frustrating because of what this budget would do for future generations, or what it unfortunately would not do.
It is a budget that unfortunately adds more debt. The Prime Minister will add more debt than all other prime ministers in the history of Canada combined, which is a shocking amount of money, and we are going to have to pay that back. It is generational theft that is occurring here.
Another great concern of mine is how the Liberals are paying for this debt or how they are accounting for it. It has been commented on that in our history regimes around the world have tried to print money to get out of the fiscal issues those countries were facing. Those regimes in other parts of the world all failed, and they failed miserably. They failed their society and their citizens because of what printing money ultimately does. When we print money, additional currency enters into the system, which means existing money is worth less, and that ultimately leads to inflation. We are already seeing this.
When I meet with seniors, they are mostly concerned about the cost of living. When I meet with young families, it is the cost of living they are concerned about. This is combined with professionals who are concerned there will be to be fewer opportunities for them or their children because of the decisions that are being made right now in Ottawa.
On that backdrop is the item I am most concerned with. Once we create this inflation by printing currency, and that is what the Liberals would be doing, the government will attempt to tap it down by measures, which are usually interest rate increases. That would have a cascading effect throughout our country. It would have a cascading effect on other levels of government. Consumers and citizens who are just holding on by the skin of their teeth right now are paying record low interest rates, which we know will rise because of inflationary pressures to combat those effects.
What we would have is an effect of layering on misery with citizens. That mortgage payment for families that are just scraping by right now would be increasing. For anyone who has personal debt, that would be increasing. What choices are those families going to be making because of this budget? I shudder to think what the country would look like.
Let us examine what will happen to other levels of government. The provinces are all running deficits throughout Canada, and some of them are near record deficits because there is a pandemic going on. There are all hands on deck, and we need that to get through this pandemic. Conservatives have been very clear that we support short-term emergency relief, but what we would be getting out of this budget is much more, unfortunately.
The provinces are fighting this pandemic with everything they have and any extra dollars they may have are going into health care. That is probably the most disrespectful and shocking part of this budget. Not one thin cent is going to health transfers to the provinces. We have the provinces on the front line paying for nurses, doctors and everything that goes along with providing health care, and there is not one additional dollar in health transfers from the federal government to the provinces, which are on the front line of this pandemic.
If we go a step further, we are hopefully rounding a corner, but we are severely lacking second doses in Canada. We are 50th out of 70 countries when we look at fully vaccinated people. It is a mammoth mistake that the government has done such a poor job of procuring vaccines for our citizens, worse than any other G7 country in the world.
Another unfortunate aspect of this pandemic is that a lot of health care has been delayed. We know that diagnoses of cancers have been delayed, and that one is quite scary for me. We all know that health outcomes, especially with cancer, improve with early diagnosis. If we push back diagnoses, what does it mean for patients and families?
Let us also consider the elective surgeries that have been pushed back. Other health concerns out there are not getting attention right now in our health care system because every additional dollar in capacity is going to fight this pandemic, and the feds are nowhere.
There is not $1 in health transfer increases this year. They all point out that they are paying for the vaccines and PPE. Of the contracts we are aware of that we have paid for as a country, we paid a premium for slow delivery. We can see the slow delivery in the world.
Now that we are into the playoffs, I hope we are all taking a bit of a breather from our schedules to watch a little hockey. If we turn on the highlights of the teams in the states, because their government procured enough vaccines, they have fans in the stands. This is compared to the stark reality of arenas in Canada that lay empty. The excitement is there, but there are no fans. That is all at the feet of the federal government failing to procure enough vaccines.
Even the aspects the federal government is responsible for, it has failed us. It failed us in getting enough vaccines. Of the contracts we are aware of, we paid a premium for late delivery. One has to ask why that is. Was it the three months wasted at the start of the pandemic when it was negotiating with the Chinese Communist government for vaccines? Why did we pay a premium? Were we late in the negotiations and other countries already had their orders in?
I have never heard a reason for us paying this premium. I am not against paying a premium for vaccines if we have them already. The delay of getting them into the country means the lockdowns and economic hurt is going to continue. That is most disappointing to the people of Saskatchewan.
The VIDO centre in Saskatoon did receive some funding. Members may remember that facility was the first in the world that isolated COVID-19. The leading scientists and doctors working on this vaccine are in Saskatoon, and they isolated COVID-19 first among all other countries in the world. It is a renowned centre. Within days, if not weeks, after isolating it, it had a prototype for a vaccine.
One of the most frustrating days as a member of Parliament was meeting with its representatives. They asked the federal government for additional dollars and they had to wait for the budget before getting the dollars. We are in the middle of an emergency—