Mr. Speaker, it is an honour for me to sit in this virtual Parliament and address the 2021 budget, a budget which unfortunately saw this pandemic as an opportunity to reimagine the economy, rather than something from which Canadians desperately need to recover. This is obviously, as the Liberals say, an election budget. It is an inflation plan. It is an inflation tax. It is not a recovery plan and it is a huge credit card bill.
If we can contrast, historically in Canada governments used to promote jobs and jobs of the future. Instead, the Liberals have taken this opportunity to promote credit and credit cards. The Prime Minister was even so bold to say he was going to go into debt so Canadians do not have to. Imagine that, we have a Prime Minister who in his private life before politics never did have a job that supported his lifestyle. When the vacations came, it was dad's credit card, along with the ski vacations and the cars. There was always somebody else paying the bill.
This might explain why the Liberals are now practising a certain type of economics. They call it modern monetary theory. In other words, the Liberals have no plan ever to balance the budget. What they are leaving for Canadians and future governments is debt forever. Some people think this is the highest intergenerational theft in the history of Canada. He is leaving $1.4 trillion to future generations, a burden on our kids and grandkids.
The amount is huge. The Prime Minister is printing $3 billion a week to service his agenda. Instead of leaving a better economy to our kids, the Prime Minister, with his action, is destroying their opportunities for a better future.
Here in Oshawa, we have a huge investment in the jobs of the future. We are a university town. Ontario Tech has made huge investments in educating the kids of the future for the jobs of the future, which will help us get out of this pandemic.
Sadly, in 2018, Brock University did a study with the University of Toronto and the Munk School of Global Affairs. It was entitled “Reversing the Brain Drain: Where is Canadian STEM Talent Going?” This was in 2018, before the pandemic. It found that 65% of Canadian software engineers are leaving Canada right after they get their education here, plus 30% of other STEM students are leaving Canada. In other words, Canada is making investments to educate kids for the jobs of the future, but because of the government's lack of opportunities for kids to stay in this country, they unfortunately are leaving and they are leaving in accelerated numbers.
The next phase of global growth and recovery is going to be centred on technology. As the Liberals praise themselves that they are building back better, I would say that they are building back broken. This budget, as I just asked the parliamentary secretary, has no incentive for young people to stay.
As other countries promote growth, Canada stalls with this budget. My colleagues have spoken about Robert Asselin and David Dodge saying that this budget has no answer for investment in growth. We see the United States, and also China, India, Italy, the United Kingdom and Japan, that are all going to be winning the future technological race with our own Canadian students. Our youth is our most important investment and most important resource. We need to do things to keep them in this country.
I have been working with youth locally and one of the things that they told me is mental health issues are huge and very important in this global pandemic. The provinces asked the Prime Minister for a very simple investment. It was $4 billion and during this horrible pandemic, what did he say to the provinces? He said to wait for it, they will do it later.
In my member's statement last week, I actually addressed the need for all Canadians, now more than ever, to have improved access to mental health.
There are organizations in Oshawa. If members can see behind me, the Simcoe Street United Church houses The Back Door Mission. There is also an organization called The Refuge that really focuses on street youth and youth with mental health issues. However, they cannot do it alone. They need the support of the federal government.
My colleague from Cariboo—Prince George has been pushing a 988 suicide crisis line in order to help Canadian—