Mr. Speaker, everything in our country seems to be broken since the Liberal government took office in 2015.
The government's reckless spending has led to a 40-year-high inflation rate, 6.9% just this month, and Canadian families simply cannot absorb those rising costs.
Instead, 1.5 million Canadians a month are having to use a food bank and one in five Canadians are skipping meals; nine in 10 Canadians are now tightening household budgets; and the average credit card balance held by Canadians was at a record high of $2,121 by the end of September. The RBC estimates that households will soon have to allocate 15% of their income to debt servicing alone.
The government needs to take this inflation crisis seriously. It needs to cap government spending and inflationary deficits, and bring inflation down now.