Mr. Speaker, in 2015, the last year of the Harper government, Canada's national debt was $616 million. Today, under the Liberals, it is an astonishing $1.4 trillion, and Canada is the only G20 country in recession.
In 2015, Canada had a balanced budget and the richest middle class in the world. Today, we spend more on federal debt interest than we do on the Canada health transfer, and we are now forced to subsidize groceries for a full third of the population.
While Liberals debate terminology to describe the economic crisis, today's consequences are the result of a decade of deliberate Liberal choices, such as the choice to take on mountains of debt early on; the choice to use the cover of a global pandemic to undertake a massive, permanent expansion in inflationary spending; and the choice to kill private sector oil and gas projects that would have provided immense economic and security benefits to Canadians today.
JFK once famously said, “Things do not happen. Things are made to happen.” It is time someone in the Liberal government took some responsibility for the economic disaster it has made to happen here in Canada.