Madam Speaker, I am grateful for this opportunity to return to a question I asked the Prime Minister in April on his reckless spending. I am grateful not solely because the answer I received from the government was inadequate and devoid of hope for Canadians, but because I believe a whole generation’s future hangs in the balance.
The poor choices the government has made over the past 10 years have put young people at a severe disadvantage. They are the future engine of our economy. They are the future tax base that will be asked to support an aging population and compete with a rapidly developing world. A responsible government would provide them with the opportunities and conditions to succeed. A responsible government, as it stands, however, we do not have. We have a federal Liberal government that has failed to meet the moment. This is a matter that I believe should command the concern of absolutely every parliamentarian. In short, this is a federal government that has created an economic hole of its own design, is attempting to spend itself out of that hole and, simultaneously, refuses to take the common-sense steps that will create the long-term growth that Canadians desperately need.
These young people, current and future taxpayers, are entering the working world with a bill that none of them anticipated and none of them deserve. Fully aware of the consequences, the Prime Minister chose to add another $54 billion of spending on the national credit card this year. Added to other out-of-control deficits over the past decade, Canadians will be saddled with $407 billion in interest alone over the next six years. As I stated in my original question, by 2031, today’s 18-year-old first-time voter will be the workforce facing an additional $462 billion in national debt. With numbers like this, it is not at all surprising that Canada has the highest food inflation, the highest housing costs and the highest household debt in the G7, but this stark reality does not even factor in the youth jobs crisis.
After years of Liberal stagnation and mismanagement, youth unemployment is now hitting 14.3% and overall youth employment is at one of the lowest points in decades. Students are being hit especially hard, with more than 17% of those looking for work and not able to find a job. Last summer, student unemployment reached levels not seen since the great recession. Young Canadians are trying to pay tuition, gain experience and build a future. A cost of living crisis has come and many cannot find work. Even graduates with post-secondary education are increasingly unable to find jobs related to their training.
After years of Liberal policies that have driven away investment, burdened small businesses and failed to match training with labour market needs, young Canadians are paying the price. They deserve opportunity, not unemployment. Through the Conservative youth jobs plan, our side of the floor would unleash the economy by repealing anti-resource laws, cutting taxes to drive reinvestment and eliminating red tape that is shutting youth out of the job market. We would fix immigration by repairing credential recognition and realigning immigration with labour and housing realities. We would move away from a one-size-fits-all approach to training and ensure that the Canada student financial assistance program provides relatively more support to students pursuing in-demand fields. We would also build homes where the jobs are by proposing a 100% capital cost writeoff for companies that build workforce housing.
I am encouraged that the HUMA committee recently released an all-party unanimous report on youth unemployment. The report makes key recommendations to advance much of what Conservatives have proposed. Now is the time for the government to listen to Conservatives and their own MPs by implementing all of these recommendations.
This is a critical moment. Rising unemployment and the cost of living will drive more Canadians to the breaking point, particularly Canada’s youth. While the Liberals have no youth jobs plan, Conservatives have done the work and are determined to deliver results and real hope for their future. We will unleash the economy and restore the take-home pay Canadians need to break out of this Liberal debt cycle of their own creation.