Mr. Speaker, “Spend less, [earn] more”, they said. “Build Canada strong”, they said; “generational investment”, they said.
Objectively, the Liberals would spend more on operating expenses, not less. Objectively, they would build more bureaucracies, not actual projects. Objectively, they would build generational debt that would deny an entire generation of Canadians, all of our young people, the future they were promised.
Imagine never paying one's credit card bill. Imagine opening up a statement and seeing charges piled up, with no plan to ever pay them down. Imagine being told that the decisions we take, the sacrifices we make and the future we hope for no longer matter because somebody else is running up our tab. That is exactly what the budget does. It would create a nearly $80-billion deficit with no credible plan to balance. Every Canadian family is on the hook. Every dollar borrowed today will have to be repaid tomorrow with interest.
When the government members say our younger generation must sacrifice more, they are not speaking in abstract terms. They are speaking about real Canadians who now face real consequences. They are speaking about my neighbours, the students starting their career, the couple hoping to buy their first home and the young family saving a few dollars each month to make ends meet. It is a government asking people to make sacrifices today, all while it continues to spend as though there is no tomorrow.
Let us be clear: This is not a minor miscalculation. It is a deliberate decision to spend beyond the means of Canadian families and pass the bill on to the next generation. Every additional dollar borrowed today adds to inflation. Every additional dollar borrowed today adds to the costs of housing, groceries, heating and sending a child to school. Every dollar borrowed today will be paid back in greater amounts tomorrow by the very people the government claims to protect.
The message of the budget is clear: Canadians are being asked to sacrifice so that the government can spend more on itself. Canadians are asked to tighten their belts so that the Liberals can waste their future. This is the harsh reality of a budget that puts numbers before people, ideology before families and spending before responsibility.
Two million Canadians now rely on food banks every month. The Calgary Food Bank is seeing record increases in the number of individuals who are relying on it. In 2019, the food bank was distributing food hampers to 250 families every day. Now, it is up to 800 households every single day. We can let that sink in. In one of the richest countries in the world, in 2025, working Canadians with full-time jobs are lining up at food banks because they can no longer afford to feed their kids on what they earn. It is not a recession; it is a national disgrace. One in five Canadians is skipping meals to make their food last longer.
Canadians are choosing the pay-later option on Amazon or Afterpay for essentials. This is a single mom in Bridlewood, unsure if she can keep her home. It is a senior in Shawnessy whose pension is being eaten away by inflation. It is the newcomer or young couple in Millrise whose dream of home ownership is slipping further out of reach.
What does the government say to these Canadians? When asked about President Trump's tariffs, the Prime Minister shrugged and said, “Who cares?” This is not leadership; it is indifference. The Liberals are only saddling people who are currently struggling and future generations with insurmountable debt.
Bob Cochlan, down the street from me back home, wrote this morning with a way to think about what a billion actually is. He said, “If I give you $1 billion and you stand on a street corner handing out $1 per second, twenty-four hours a day, seven days a week, you would still not have handed out $1 billion after 31 years.... The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.”
Bob is 100% right. The government promised a deficit of $62 billion. The reality would be $78.3 billion. That is $16 billion more than promised.
Spending is out of control. The Liberals would be adding $990 billion in new commitments, costing the average Canadian family $5,400 more a year. How many families have $5,400 kicking around to spend on the Prime Minister's best friends and pet projects?
The interest on our debt would be more than the amount transferred for health care to all the provinces combined. Here is another way to think about it. The next time people buy something, they can look at the GST on their receipt. The GST on every single payment they make all year, and the GST of every Canadian for the whole year, would still not cover the Prime Minister's deficit.
Every GST dollar now goes directly to Bay Street bankers and foreign bondholders rather than hospital beds, nurses' overtime or family doctors. Families are paying for spending, not services. The government calls these numbers manageable or necessary. What they are is simply a tax on hard work, with nothing being provided in return. Canadians are being asked to bear the cost of spending they did not vote for and cannot afford.
Private sector business investment is collapsing. High taxes, red tape and corporate welfare have driven $500 billion, half a trillion dollars, south of the border. In Washington, before President Trump, the Prime Minister shamelessly announced this as a Canadian investment. It is capital flight from an over-regulated market that he presides over. Businesses are leaving because the country is no longer stable, predictable or competitive.
It is not just businesses hurting. It is the listener at home who is paying the price for the government's failure to manage the economy. Opportunities are shrinking. Jobs are disappearing. People are leaving the country because the environment for business is hostile and expensive. Along with our dollar, our talent drains south. It is one thing to have a deficit. It is another to destroy the very foundation of a productive and growth economy that creates jobs and opportunity. Every Canadian who works, saves, invests or dreams of starting a family is paying a price.
Conservatives have offered a clear, practical path forward. We have said that we will work with anyone from any party to make life affordable and to restore Canada's promise. We would end the industrial carbon tax in all its forms. We would cut wasteful spending to lower inflation, debt and taxes. We would restore investment and make Canada competitive again. We would put money back into Canadians' paycheques and pensions. Above all, we would use what is in the ground beneath us to unleash our natural resources through national corridors and major infrastructure that would change the game for every single Canadian.
This is how to make life affordable again, not with expensive slogans, such as “generational investment”, but with an affordable budget and a bold plan that rewards work and restores opportunity.
I just want to take a step back and place the budget in the context of the last decade. This was supposed to be a historic budget. The country needed a historic budget with big, bold decisions that would unlock our potential, decisions that would break the mindset of middling and declining thinking and replace it with the ambition of a major and rising power, a nation pitched to meet the test of this age.
Canadians are managing the emotional weight of having lost the only period in recent memory when they felt financially secure and felt a sense of security. This was a decade ago, after Stephen Harper rebuilt the economy, built corridors for trade to every part of the planet and restored a self-confident country at peace with itself. The pandemic gave people a temporary, albeit false, sense of stability. The return now to a more expensive and unpredictable world has only intensified a mindset that was already growing well before COVID.
With the Liberals, costs will not retreat to those levels. Work will not return to that simplicity. The sense of control Canadians once felt is fleeting. Unless something fundamental changes, the forces driving their insecurity will remain.
The budget was supposed to give Canadians back control over their lives. Liberals spent the entire campaign harvesting Conservative ideas as their own and are now failing to deliver on any of them, despite having the support of Conservatives. The budget was a wasted opportunity. At a moment when the country needed seriousness, ambition and leadership, Canadians were handed more spending, more debt, more excuses and more government.
Conservatives will deliver the fundamental change that restores control for Canadians. We will reward hard work and create the conditions for higher wages, stronger paycheques, affordable homes and renewed confidence.
The promise of Canada is not gone. It lives in the single mother keeping her family afloat. It lives in the seniors who built the country. It lives in the newcomers and young people who still believe in what Canada could be. They deserve a future they can count on, a country that works harder for them and a government that respects the sacrifices they make every single day. Conservatives will deliver that.