Jim Flaherty

[The Economy, September 29th, 2011]

Mr. Speaker, we need to be concerned, if we pay attention to the world, as I am sure the member opposite does, about deficits and debts and accumulated deficits. We can see the harm that is causing in other parts of the world and the difficulties that populations will go through because of accumulated public deficits over time.

This is not what we want to do in Canada. We have a plan to bring us back to balanced budgets. We will stay on that track in the medium term to get back to balanced budgets in Canada, and we will not increase taxes to do it.

[The Economy, September 29th, 2011]

Mr. Speaker, our government, as it has been for years now, remains focused on jobs and on the economy. The economic action plan arising out of budget 2009, which was a very difficult time for the global economy, resulted in the growth of about 600,000 net new jobs in Canada, which is a record in the G7. Our performance job-wise is that it leads the G7. We have strong fiscal and economic fundamentals in Canada. I know the NDP wants to raise taxes, but we think that is the wrong way to go.

[The Economy, September 28th, 2011]

Mr. Speaker, we are following an expansionary economic policy. If we look now at what we are doing in terms of transfers, they continue to increase. Transfers are very important for the provinces for health, education and social services. That is just the opposite of what was done in the mid-90s by the previous Liberal government that cut transfers unilaterally to the provinces.

We are following an expansionary fiscal policy. We are going to return to a balanced budget. We think that is important, and I am sure the member opposite would agree, looking at the trouble that some other countries in the world have gotten into by accumulating substantial deficits over time and building up large public debt.

[The Economy, September 28th, 2011]

Mr. Speaker, I will not get involved in provincial politics. I will get into trouble at home.

We have had substantial job creation across the country, 600,000 net new jobs, and that includes participation of the people of Ontario.

[The Economy, September 28th, 2011]

Mr. Speaker, the member can speak louder, but it is still wrong. There are 600,000 net new jobs, 80% of them full-time jobs in Canada, the best job creation record in the G7.

We anticipate having the strongest growth in the G7 in the next two years. That is what the IMF says and that is what the OECD said, and Moody's has just renewed Canada's top credit rating in the world, triple A.

[The Economy, September 28th, 2011]

Mr. Speaker, the figure is very clear. The figure is 600,000 net new jobs. Those are the jobs that have been created in the Canadian economy since the end of the recession in July 2009.

It is also clear, if the member opposite wants to look at the figures in the G7, that is the best job creation rate in the G7 since the end of the recession.

Can we do more? Yes. Are we doing more? Yes.

There is a hiring credit for small business. It will be in the budget bill next week. I hope the member opposite votes for it.

[The Economy, September 27th, 2011]

Mr. Speaker, we have a plan to support jobs and growth. It is the second phase of the economic action plan. It includes the small business tax credit, which is very important, and I hope members opposite will choose to support that.

The NDP and the Liberals voted against $1 billion in federal funding to the provinces and territories for infrastructure in 2011-12. The opposition also voted against the accelerated capital cost allowance, which would have continued over the past two years. I hope the voting behaviour will match the rhetoric.

[The Economy, September 27th, 2011]

Mr. Speaker, the plan is working.

I hear what the member opposite asserts; of course, it is not accurate. We have created about 600,000 net new jobs in the Canadian economy in past couple of years, of which 80% are full-time jobs for Canadians.

This is just the opposite of what the official opposition, the NDP, suggests. What the NDP suggests is a brand new tax increase of $10 billion on Canadian business to kill jobs in the Canadian economy.

[The Economy, September 27th, 2011]

Mr. Speaker, in the second phase of Canada's economic action plan there is a hiring credit for the 525,000 small businesses in Canada. I hope that the official opposition will support these measures to help job creation in Canada.

We remain focused on the economy and job growth, and I welcome any useful suggestions the member opposite has.

[The Economy, September 26th, 2011]

Mr. Speaker, the economic action plan has been very successful so far. We are into its second phase in job creation in Canada.

It is important to maintain strong fiscal fundamentals in our country. We see, from other countries in Europe now, the danger of accumulating deficits and large public debt.

One of the members of this House was in agreement on that point. She said that we know the situation in Canada is very different from that in the United States, that out debt to GDP ratio is the best in the G7 and that we do not have a debt crisis in Canada. Who said that? It was the member for Parkdale—High Park in August 2011.