Mr. Speaker, what a flip-flop. After adding $100 billion of new debt before the first case of COVID, half-a-trillion dollars of debt before the Russian invasion of Ukraine, doubling the debt, adding more debt than all other prime ministers combined, now the Prime Minister's government is saying that it is going to cut $9 billion and even bring in my “pay-as-you-go” law to find savings for every new dollar of spending. However, it now admits that deficits add fuel to the inflationary fire. Can we really trust the arsonists who lit the fire to put it out?
In the House of Commons on October 20th, 2022. See this statement in context.