Mr. Speaker, let us talk about the spending that our government is doing. Let us talk about what observers are observing. Tiff Macklem, and I am pretty sure the Leader of the Opposition knows who that is, the Governor of the Bank of Canada, says, “We're no longer trying to get inflation down. Government spending is not pushing against us getting inflation down, we've got it down.” Let us talk about David Dodge, the former Bank of Canada governor, who was in place when that member was in cabinet. He said that “because it was obsessively focused on reducing the federal deficit over fiscal years 2011-12 through 2015-16, the Harper government unnecessarily contributed to a slower, rather more muted recovery....” We are not going to follow that playbook, because it did not work.
In the House of Commons on December 9th, 2024. See this statement in context.