Mr. Speaker, I rise today to address the Liberal government's latest budget proposal, a budget that fails Canadians on affordability, jobs, housing and immigration.
I am going to start with the good news first, because there is not much. The Peavey Mart in Spruce Grove has now reopened, and folks are really excited.
Now we are into the bad news. After 10 years of deficits, Canada's finances are in a troubling shape. This budget adds $321.7 billion to the federal debt over the next five years. That is more than twice what the Prime Minister previously projected. That works out to over $10 million in new debt each and every hour. This huge deficit comes on top of a number of very important cuts that the government is also making. The Liberal government likes to talk about all its spending and generosity, but I think it should be pointed out that it is making some significant cuts to areas of importance.
The Liberals are removing statutory protections for free postage for blind people who are accessing literature products that weigh more than regular literature products. These statutory protections are being removed. I wonder why the government would remove accessibility supports for blind people. My grandfather was blind. He utilized those services, and I think it is very concerning.
I received a very concerning letter from a constituent, Nicole Callihoo, who serves as the education director for the Paul First Nation. I just want to read a few excerpts from her letter to me. She said she was writing with a heavy heart and a deep sense of urgency. Despite submitting full Jordan's principle applications and following every step as required, her school has not received the necessary funding to continue services for its students. They are now in the fourth month of the school year, and these delays contradict both the spirit and the purpose of Jordan's principle.
For those who do not know, Jordan's principle is a principle that requires the federal government to provide funding for at-risk indigenous students.
She said that in the true way of their ancestors, they did not wait for approvals before taking care of the children. They honoured their needs and began services immediately so that they would not experience further hardship or delay. These supports have brought powerful changes. Students who were once quiet and unsure have begun to speak for the first time. Those who carried worry and heaviness have started to open their hearts. They look forward to their sessions. Families have shared that they notice a new calmness, confidence and connection in their children. These are not small steps, she says. They are the beginnings of healing.
However, because the funding from the federal government remains outstanding, they now face the painful reality of stopping those services. Ending supports after children have finally begun to trust and feel safe goes against their cultural teachings and against everything that Jordan's principle stands for. Interrupting care will undo progress, break relationships and cause harm that could have been prevented. This type of disruption echoes the very history that Jordan's principle was created to stop.
Jordan's principle exists so that no first nations child is caught in delay, conflict or confusion. It is rooted in a teaching that the child comes first, before government processes, before jurisdictional disagreements and before paperwork, yet the current delays and the refusals to fund are causing harm to their students, harm that carries emotional, educational and cultural consequences.
I just wanted to share that from Nicole Callihoo, the education director of Paul First Nation. We stand up and listen in this House every day as the Liberals talk about reconciliation and talk about their big new programs to support children, yet indigenous children, first nations children, in my region are suffering because of the government's failures to support them. The failures violate treaties and violate court rulings, and it is a shame.
Despite the government's cold-hearted cuts, our national debt now stands at $1.3 trillion and taxpayers are now paying $55 billion just in interest payments every year. That is more than the Canada health transfer, and it is more than all the GST collected. It is over $3,000 per household.
Meanwhile, GDP growth is stuck, and unemployment is expected to average over 6% over the next five years. The recent job numbers we received are painting a troubling picture. We are seeing part-time jobs replacing high-paying, family-supporting, full-time jobs. We cannot run an economy and we cannot support families based on part-time employment. The gig economy is not a strategy for success, yet the Liberals seem to stand up here and celebrate it every day.
The Prime Minister promised to balance the operating budget within three years to ensure that there was a declining deficit-to-GDP ratio and a declining debt-to-GDP ratio. However, the Parliamentary Budget Officer said that there is very little chance of meeting this.
Fitch Ratings is warning that this budget weakens Canada's credit profile. What happens when our credit profile goes down? Our interest rates to borrow go up, which means that more and more of our tax dollars go to servicing our debt instead of going to essential programs, like supporting Jordan's principle, literature for the blind, and all the other programs that people depend on the government for.
It is not just Conservatives who are saying this. Dan Kelly, president of the Canadian Federation of Independent Business, called the budget “a missed opportunity to provide meaningful tax relief to Canada’s employers.” Conservatives are proposing amendments to scrap hidden taxes on food, work, homebuilding, investment and energy, and to cap the deficits. The government rejected these ideas and instead has added new spending. This is not responsible budgeting; it is reckless, and it would hurt vulnerable people in Canada the most.
The results of the Liberals' poor economic management are higher inflation, higher interest rates and higher costs for Canadians. We just read a report that this coming year Canadians can expect that a family of four will pay $1,000 more just for groceries. Statistics Canada confirms that the prices for food, gas and rent continue to rise. Some might call this a global phenomenon, but it is rising far faster than for our closest neighbour and trading partner, the United States. Food inflation is nearly double the Bank of Canada's target rate and rising 48% faster than in the United States. Between March and September alone, the price of strawberries rose by 25%, beef by 20%, ground coffee by 20%, and chicken drumsticks by 17%.
A decade ago, when Conservatives were in government, individuals with full-time jobs were not relying on food banks to feed themselves and their families. Now, the high cost of groceries is exacerbating the issue of food insecurity, and we have many families who are working full-time who still have to go to the food bank. Poverty has risen by over 40% in the last two years alone. Food Banks Canada has given the government an F for poverty and food insecurity, noting that hunger is becoming normalized in Canada. More working people, seniors and young families are relying on food banks than ever before.
With respect to housing, the Prime Minister has promised 500,000 new homes, yet that number has been significantly downgraded. BILD, which is an advocacy group for home builders, projects that the Liberal government's homebuilding program could actually cost the sector over 100,000 jobs. We have seen pre-construction sales collapse; in the GTA alone, they are down 82%. Developmental charges, which make up 25% of the cost of homes these days, have risen by 700% in 20 years. It is pricing many families out of the market.
We have seen population growth under the current Liberal government outpace housing supply, health care services and education services because of the government's failed immigration policies. Instead of aligning our immigration system with housing and service capacity, the Liberals would make these high levels permanent, keeping over two million temporary residents by 2027. That is a 300% increase since 2015. They have no plan for 500,000 undocumented individuals or three million temporary workers whose visas are now expiring. This inaction is directly straining wages, it is hurting health care, hurting housing availability and hurting child care. Canadians deserve an immigration system that takes into account the needs of Canadians first. That means a system aligned to the realities of our infrastructure capabilities, health care, education and job market.
Despite the Prime Minister's comments, young Canadians have already sacrificed enough. He said they needed to sacrifice more. Well, they have already sacrificed enough. Youth unemployment has climbed to over 13%, the highest since 2010. Students who are trying to balance school and work face unemployment rates of over 17%. It follows a difficult summer, where many returning students faced the worst job market since the great recession. Recent graduates are facing an extremely difficult job market and are unable to find jobs in their field. Now, the Prime Minister said to them that they have to sacrifice more. Well, we are seeing too many young people who should be buying their first home, starting a family and being at the peak of their career, pursuing something that they love, yet many are still having to live in their parents' basements because they cannot afford to get a home. Many people have sacrificed the dream of home ownership. They have paid the price as food costs have exploded. They have paid exorbitant taxes, delaying their ability to start a family. They have sacrificed enough.
The Liberal government's spending-driven deficit takes money out of the pockets of every Canadian. It is making everything more expensive. Young Canadians should not have to suffer. Conservatives have a vision for a future Canada where all Canadians could thrive, a country where hard work is rewarded and where people can start a business, build a home, develop a—