Mr. Speaker, the same old Liberals have continued their decade of credit card budgets. Not only has this costly Liberal Prime Minister embraced the same borrow-and-spend policies of Justin Trudeau, he has doubled down, doubling the deficit.
These failed policies have left Canadians with the worst housing costs, worst economic growth and worst inflation in the G7. The costs to Canadians are enormous. Interest charges on the national debt this year will reach $60 billion and in five years will be $90 billion. That works out to $3,400 in interest costs for every Canadian family this year. That money goes to bankers and bondholders instead of doctors and nurses. Interest payments on our debt are now the fastest-growing item in the Liberal budget.
The Liberals are mortgaging the future, selfishly racking up the credit card and leaving the bill for our kids and grandkids. Enough is enough. It is time to restore fiscal responsibility and put an end to these reckless Liberal credit card budgets.