Mr. Speaker, I will be splitting my time with the Leader of the Opposition.
I want to set the scene. It is Friday night in a kitchen somewhere in this country. The kids are asleep. A mother sits alone at a table, with a paycheque in one hand and a stack of bills in the other. She lays them out side by side, and she adds them up once. Then she adds them up again, and then a third time. On the third time, the paycheque wins. That kitchen table is in every single riding in this country. No matter who we are or where we come from, we have heard the stories from our own communities.
Every morning before the sun comes up, millions of Canadians lace up their boots, kiss their kids goodbye and head out the door to earn that paycheque. It is an overtime shift, a night course, years of training and a sore back at the end of the day. For generations, it meant something simple: If a Canadian worked hard, they could build a better life for their children. For too many families, that promise is very broken in this country. We come here every week with those stories that families tell in our communities. That is what I am going to talk about here today.
A recent C.D. Howe Institute report found that 60% of Canadian households now spend more than they bring in. The lowest-income families spend more than double their disposable income, the next group overspends by nearly a third, and the middle-class families in this country, the backbone of what creates our economy, are spending 12% more than they make every single month. For a family with $60,000 in take-home pay, that means it is $7,200 short every single year.
Behind those numbers are actual people and their stories. It is the mother at the grocery checkout putting raspberries back because the total came up to more than she expected. It is the dad picking up a second job and missing his son's games. It is the parent who tells their kids they are not hungry tonight, just so there is enough food on the table. It is the conversation no parent wants to have: “Not this year, sweetheart. Maybe next year.” It is the young couple that wanted to start a family but keeps pushing it back. It is a senior who has worked her whole life but now has to decide between prescriptions and filling the fridge. It is the parent lying awake at two o'clock in the morning doing the math over and over again in their head, hoping it comes out different.
These families are not irresponsible. Nobody puts groceries on a credit card for fun. Nobody takes a payday loan to keep the lights on because they like the interest rates. Nobody drains a retirement fund they have been saving for 20 years for the thrill of it. They do it because they have no choice. What does the government tell them? Well, the Prime Minister specifically says that affordability is the best it has been in a decade.
How did we get here? Part of the answer is across the aisle. It has been the same people sitting in the same chairs and saying the exact same thing over the last 11 years. The Liberal government has doubled the national debt in that time, adding more debt than all previous governments in Canadian history before it, all of them combined. When Ottawa borrows and spends without restraint, the families I spoke about are the ones paying the bill. They pay it again and again, because debt is not free. It comes with interest.
According to the PBO, who was hired by the Liberal government, Ottawa will pay $59 billion in interest on debt this year. That is more than $1 billion every single week. It is more than double what it was five years ago. It is now the fastest-growing expense line in the entire federal budget. Nobody can dispute those facts. Every Canadian has a share in that interest. It is $1,400 a year for every individual, and for a family of four, that is roughly $6,000. By 2030, the PBO projects that it will be $1,900 for every person, which is nearly $8,000 for that same family.
That money is enough for a hockey season that a kid did not get. It is a modest camping vacation they keep putting off till next summer. It is a birthday party that is scaled down to cake at the kitchen table because times are tough. Those are the real stories and those are the real impacts of $6,000 a year for a family going to $8,000 a year because of reckless spending.
What does the family get for that? The Liberals will stand up today in the House and ask them if they like this or that program, but the fact is they get nothing for the interest they pay on it. They do not get a single hospital bed. They do not get one classroom. They do not get a kilometre of highway. They do not get anything for their military with the interest on that debt. All of that money goes directly to bankers and bondholders, not to the families that are struggling, the mom who put the raspberries back on the shelf, the dad who took on a second shift and will miss his kid's hockey game, or the senior who just cannot decide what to do next. That money goes straight to bankers and bondholders.
The bills keep growing. Every Canadian share of that federal debt is now over $33,000. For a family of four, that is more than $130,000. It is a second mortgage they never asked for. It is a second mortgage they will one day hand to their children. Here is the cruellest part of it: Parents in this country are working themselves to the bone so their kids can have a better life, and the government is sending these same kids the bill.
Today, the question is very simple. How does the Prime Minister expect these families to pay that bill? How does he expect them to pay $6,000 more a year or $8,000 more a year? I know there are a lot of people, including him, who do not worry about $6,000 or $8,000, but there are a heck of a lot of families in this country who absolutely do, and they are asking questions. Canadian families are all doing their part. They get up, and they go to work. They stretch every dollar until it squeaks. They sacrifice every single day without complaint. When the money runs out, they sit down at the kitchen table and they face those numbers honestly. Then, they go over and over it again in their heads, trying to make the math work out differently. The Prime Minister should be willing to do the exact same thing.
This is why this motion calls on the Prime Minister to appear before the Standing Committee on Finance. It is very simple. It calls for him to not send a minister and not send a list of talking points, but to come himself to the table and answer the questions every single family in this country is asking: How is a mother with a stack of bills supposed to cover $60 billion in interest? How is a young couple supposed to start a family with a $130,000 share of debt hanging over them? How much more does he plan to put on the Liberal credit card before it all comes due?
Every family, every person and everybody in the House, at one point in their lives, had to explain their budget to someone, to a bank, to a landlord, sometimes their own kids. The Prime Minister should be able to explain that to every single Canadian taxpayer, and he should be able to do that at a table without getting up in the House and telling those same families that affordability is the best it has ever been and that they have never had it better.
I urge every single member of the government to vote for this motion, to vote for accountability. They have asked for the trust of the public, and they owe something in that trust relationship. The public is asking questions about how it is going to pay its fair share of that debt, and the Prime Minister ought to come to committee and answer those questions. It is not a difficult motion, and I hope members vote yes.