Madam Speaker, I am pleased to have the opportunity to speak today on this budget. I certainly spoke on it a number of times in my riding. The many hundreds of constituents who turned out to the town hall meetings concerning this budget certainly support the Reform position that this budget is as weak kneed as a Liberal Party can possibly get.
The budget will ensure that before the next election the Liberal government will add another $100 billion to our national debt. The budget by the Liberal government will ensure our interest payments on the national debt will rise to $50 billion-plus. All of this will occur before the next election. The Liberal budget attempts to put a happy face on a deficit target of $25 billion in 1997.
In examining all of these factors it is difficult to see how any fiscally conscious Canadian could consider this a tough budget as the Liberal Party purports it be or a budget that will, as the Minister of Finance has said, break the back of the deficit. We have heard this break the back of the deficit statement from finance ministers for over two decades. Yet somehow the government remains committed to a position of spending more money than it takes in in a year.
Finance ministers have consistently projected deficits which in reality turned out to be far higher than their forecasts. I would never go so far as to accuse the government and the finance minister of creative bookkeeping or even fudging the numbers. My confidence in the veracity of the numbers in this 1995 budget is about the same as my confidence in the Liberals reforming social programs before there is a referendum in Quebec.
Speaking of numbers, this necessarily brings me to this notion of targets that the finance minister has been so free with. We have listened day in and day out to the Minister of Finance emphatically declare: "We have hit our targets and we will continue to hit our targets in the future".
I guess when your target is the ocean and you are standing on the end of a pier and jump in, it is easy to say that you hit your target. What is meant by that is the target is so broad and so easy to hit. You cannot miss when you put your target so low.
Simply put, the target is low. This 3 per cent deficit to GDP the Liberal government has been so proud of is insufficient. It was labelled so by the IMF, the OECD and the entire Canadian business community. The Liberals know this. The Canadian Chamber of Commerce was arguing for a zero deficit budget by 1997-98 but the Liberals did not have the political guts to commit to a target like that.
Therefore it was up to Reformers to address the real concerns of the Canadian people. That is exactly what we did in our taxpayers budget. That budget was conceived out of input from the Canadian people that was listened to. It was a budget committed to eliminating the deficit in three years and thereby a budget committed to protecting the viability and the core of our social programs.
The Minister of Finance, despite stating before the finance committee that a balanced budget is the ultimate goal, has refused to lay out any plan that details when Canadians can expect a balanced budget. There are no plans and yet he said it. Could it be that like his predecessors, the minister is really not sure of what the actual deficits will be in the future?
We have heard of targets before and we have continually seen them missed before. So let us hear no more pontification from
the government benches about hitting targets. A deficit target of $25 billion and a debt target of $650 billion are certainly nothing to be proud of.
To demonstrate the effectiveness of prebudget consultations held by the Liberal Party, we saw witness after witness in committee. Individuals, associations, business groups and the like appeared before the committee and testified repeatedly day after day, hour after hour against any further tax increases by this government.
After all this consultation process, which the Minister of Finance still is very proud of, which the Liberals also find time to pontificate about, what do we discover in this budget? New taxation measures.
Despite the absence of pro-taxation testimony in the hearings, the Liberal majority on the committee concocted a dozen more possible tax options. They were obviously very good at reading between the lines and listening to what these anti-tax people really meant. They said: "We do not want any new taxes," but what they really meant was: "Yes, please hit us with another tax". So much for consultation. So much for listening to the views of Canadians.
It is shameful that the Minister of Finance, knowing full well that much more substantive cuts must come in the future, allowed this key budget-and it was a key budget. There was a window of opportunity to really break the back of the deficit, but the Liberal government and the finance minister missed that window of opportunity by a mile. They allowed this key budget to be watered down by the soft pedalling socialists in the Liberal Party.
In all, this budget will snatch $3.7 billion out of the economy through taxation in the next three years despite the fact that an OECD job study, a C.D. Howe report and a survey by the Canadian Chamber of Commerce demonstrated clearly that high taxes destroy job creation. The Liberals raised taxes despite the fact that the Prime Minister in June 1991 when in opposition stated, and this is interesting, that taxes on individuals were higher in Canada than in any G-7 country. Although he said that in 1991, the Liberal government raised taxes.
The Deputy Prime Minister when in opposition in 1991 demonstrated a rare concern for the Canadian taxpayer and revealed a suspect sensitive side when it came to their plight. She stated that Canadians are paying too much tax. Despite that, the Liberal government raised taxes in this budget.
That $3.7 billion should have been left alone to create growth in the economy, to create jobs, not rip it out of the economy in taxation. Now the government will say that these new taxes were fair taxation measures. What is fair about a 1.5 cent per litre tax increase on gasoline? This is simply a $500 million tax grab to offset the revenue the government lost when it lowered the cigarette taxes. If the government had the guts to enforce the law when all that cigarette smuggling was going on, it would not have to rip another $500 million out of the economy in a gasoline tax.
I want to wind up by quoting a Liberal. This is really something and members will recognize this: "Once a nation parts with the control over its currency and credit, it matters not who makes the nation's laws. Usury, once in control will wreck any nation. Until the control over currency and credit is restored to Parliament and recognized as its most conspicuous and sacred responsibility, all talk of democracy or freedom is idle and futile".
The Liberal government has ensured the control over our currency and credit is in the hands of our lenders, not in the hands of Parliament and the government where it should be.