Mr. Speaker, austerity is exactly what Canadians are feeling in their household budgets today, while the government budgets overflow with abundance. There has already been a 16% year over year increase in the number of Canadians missing their mortgage payments.
After eight years under the Prime Minister, we have the highest household debt in the entire G7. Household debt is now 7% higher than our entire GDP. Now the Prime Minister's inflationary deficits are shooting up interest rates.
How much more will the average family have to plan to pay in mortgage payments per month?