Mr. Speaker, as the Prime Minister was doubling our national debt, adding more debt than all previous 22 prime ministers combined, he claimed there would be no cost because interest rates, he said, were low, but those low interest rates are gone and the debt is still here. Yesterday, we learned that interest on the debt has gone up by over 100%, to $52.4 billion. That is more than the $52.1 billion we spend on health care and double what we spend on the military.
Why is the Prime Minister taking money from nurses and soldiers and giving it to bankers and bondholders?