Mr. Speaker, it is an honour and a privilege to rise today, but before I get too far into the details of the budget implementation act, I would be remiss if I did not provide the House with at least a bit of an update on the Saskatchewan Roughriders Grey Cup celebrations, which have been going on all week in Regina and right across Saskatchewan.
Fans of the green and white poured into the streets on Sunday evening to celebrate the 25-17 Grey Cup victory over the Montreal Alouettes. I am sure that, from now until Christmas, Grey Cup champion merchandise will be flying off the shelves at the Rider team store.
As exciting as Grey Cup Sunday is, it is important to remember that a Grey Cup championship does not just happen by luck on one day of the year. It is the result of hard work and tough decisions that began weeks or months, and sometimes years, in advance. Every time a football team starts with a good field position, makes a consistent drive down the field and then finishes the drive with a touchdown, that success was the result of strong leadership, which includes recruiting the right players and coaches and coming up with the right playbook.
On the other hand, when a team has poor leadership for many years, eventually that poor leadership manifests itself on the field in the form of costly penalties and giving up quarterback sacks. That is exactly what the budget feels like to me. There are too many penalties, a bad field position and a lot of talk about future touchdowns that never seem to happen on the field.
Let us take a closer look at what is in the budget. It shows a deficit of $78 billion this year, a record outside the pandemic. The total accumulated debt is $1.3 trillion, which is also a record, and interest payments on the debt have skyrocketed to $56 billion a year. That is also a record, and $56 billion per year in interest payments is such a huge number that it is difficult for people to visualize just how much money that is.
Let us take a look at how much money that is on a per household basis. When we divide $56 billion by the number of households in Canada, we get about $3,400 per household per year. That is the amount of money that leaves Canadian households, not because of anything they did wrong and not because of anything they purchased but because the federal government spends more money than it has.
What could a Canadian family do with that $3,400 per year? That is where the reality of this burden becomes clear. For some families, $3,400 is a month's mortgage payment. For others, it is groceries for two months. For others, it is a used vehicle for their teenage son or daughter who needs to get to work. For a family with kids, it could be an entire year of RESP contributions.
In football terms, this is like starting every offensive drive with a quarterback sack. Before the quarterback even has a chance to call a play, and before a Canadian family can plan their household budget, they are getting team tackled by the record-high cost of the government's debt servicing.
As football fans in the rest of Canada watched the Roughriders win the Grey Cup last Sunday, many of them probably said to themselves that there is always next year, that maybe their team will have better luck next season. Unfortunately, the same cannot be said for interest payments on the federal debt. That is because, according to the government's own numbers, interest payments next year are expected to be higher than they were this year. Interest payments the following year are expected to be higher still. In fact, interest payments on the debt are projected to break a new record every year for the rest of the decade, according to the budget.
In football terms, if a quarterback was tackled by a 300-pound defensive lineman this season, they can expect to be tackled by a 400-pound defensive lineman next season. The following season, they will have a 500-pound defensive lineman tackling them. That is what these interest payments on the debt are doing to Canadians.
Canadian families are doing their part. They are budgeting, they are cutting back and they are sacrificing. Many of them are turning to food banks. However, the Liberal government, with the team's coaching staff and general manager, keeps calling plays that make life harder. For 10 years now, under two Liberal prime ministers and four Liberal finance ministers, we have seen the same pattern: more spending, more borrowing, more debt and more interest payments.
While the Prime Minister likes to say that the Liberals are “spending less to invest more”, the reality is they are spending more, lots more. According to the budget's own numbers, the government is projected to spend more money every year for the rest of the decade. Sadly, in many cases, when the Liberal government chooses to spend, it is often not for valid fiscal reasons, but for ideological ones.
For example, the budget highlights the importance of the Social Sciences and Humanities Research Council because of its “important role in advancing the government's growth agenda by advancing research and attracting top international research talent”, but the budget document provides very little detail about what types of projects the Social Sciences and Humanities Research Council is going to fund. Let us take a look at some of the projects it has funded recently.
It spent $20,000 to study the gender politics of Peruvian rock music. I do not know why we needed to spend $20,000 on that, but the Liberals seemed to think we did. The Liberals funded another study about online selfies, including fat fashion photography on Instagram, social justice selfies and selfies that violate social norms. That one cost us $94,000. They also felt the need to come up with a gender-inclusive and intersectional piano curriculum. That was to the tune of $17,000. Pardon the pun. There was one study that focused on grocery carts, but sadly, it did not have anything to do with the rising cost of groceries that people put into carts, only people's feelings about the grocery carts themselves. In any case, that study has cost Canadian taxpayers over $100,000 to date.
Canadians deserve better from their government. There were some very practical solutions to the rising cost of living that Conservatives suggested be put into the budget, such as cancelling the industrial carbon tax, the federal fuel standard and regulations on plastic food packaging, all of which drive up the cost of groceries and the cost of living. Unfortunately, the Liberals refused.
I have no doubt that the Liberals will say that I am being negative, but I am not. I am just being honest. There is no message more positive and hopeful than this: Canada can do better than what we have seen from the Liberals over the last 10 years. Canadians should be able to move out of their parents' basements and put roofs over their heads. They should be able to feed their families without resorting to food banks, and they should be able to have a comfortable future without drowning in more and more debt every year.
If the government wants to learn from the Grey Cup champions, here is a quick film review: end inflationary deficits, restore fiscal discipline and deliver immediate relief on the things Canadians buy every week. That is the way to turn a cellar-dweller into a champion.
