Mr. Speaker, this week the Liberal government released its 10th budget, the costliest deficit outside COVID and double what the Prime Minister’s predecessor left behind.
The Prime Minister broke every promise he made. He promised to keep the deficit at $62 billion, a level the Parliamentary Budget Officer had already called “unsustainable”, yet it has now ballooned to $80 billion. He said that he would lower the debt-to-GDP ratio, but both debt and inflation are rising. He promised to spend less, but he added $90 billion more; that is $5,400 in extra inflationary spending per household.
Families in London are paying the price. Groceries, gas, rent and mortgages keep climbing while paycheques fall further behind. Canadians already spend more on debt interest than on health care. The budget at this time is simply irresponsible.
Conservatives stand for an affordable budget and an affordable life. Londoners deserve hope, homes and a future they can afford.