Mr. Speaker, as the Prime Minister keeps spending more and more on his inflationary budget, seniors on fixed incomes are being forced to choose between medication and food, with 8.3% of food bank users being seniors, up from 6.8% in 2019. Fitch Ratings, which gives the government its credit score, has warned that because the Liberals are ignoring their own fiscal limits, federal finances run a high risk of further deterioration. The Parliamentary Budget Officer has raised the same alarm.
In 2024, the Liberal government committed to reducing the federal debt compared to the size of the economy, a key step in keeping borrowing costs low. That is another broken promise.
As a former banker, I understand the fiscal responsibility of budget demands, a lesson the current Prime Minister, also a former banker, clearly has not learned. It is no wonder he wants to fire the budget watchdog for telling the truth.