Budget Implementation Act, 2023, No. 1
Date: 2023_04_27
Chamber: HOUSE OF COMMONS
Mr. John Brassard: it is always an honour to rise on behalf of the people of Barrie--Innisfil, in this case, to speak about the budget. It is not lost on me that game five of the Leafs is on tonight. I understand that the score is 1-1 at the first intermission. I am pretty certain that my mom and everybody in this place are the only ones hearing me speak tonight, because many are watching the game. With respect to the budget implementation act, it is not going to be a surprise to the other side, and certainly not a surprise to many of the constituents who voted for me, that I will not be supporting the budget. There are many reasons not to, and I am going to highlight just a few tonight, along with how the budget would directly impact the businesses and residents of Barrie--Innisfil. The sheer magnitude of the numbers speaks volumes about a government whose spending is completely out of control. As a result of the spending, the billions of dollars of deficits and the trillions of dollars of debt being created, future generations are going to be impacted by the decisions that are made today, for many generations to come, including my children. Quite frankly, I am very concerned about their future. I am concerned about the future of many young people in my riding of Barrie--Innisfil, many of whom are becoming despondent. They are angry that they have been lied to and let down by the Prime Minister , who, in 2015, made all these promises, particularly to the younger generation. They are not now finding themselves angry or upset, but despondent, because many of them are not going to be able to afford the types of things that even their parents and grandparents have been able to enjoy. Worse yet, the burden of debt and deficit is something that this generation and future generations will pay for for a long time. The magnitude of the numbers is just staggering. The numbers are staggering with respect to what this budget sets out, not just as current expenditures but also future expenditures. Cumulative spending for the next five years is at a record $3.1 trillion. If these numbers are to be believed, remembering that in the fall the Liberals promised a balanced budget, and if they do not add in any more spending for the rest of the term, they would add $130 billion to the debt with these projected deficits. The national debt would rise to a record $1.3 trillion, with a debt ceiling, in the Financial Administration Act, that is set at $1.8 trillion. We are rapidly approaching that debt ceiling. I know many members have spoken about this, but the Prime Minister has actually doubled the debt, more than all previous prime ministers combined, as a result of the spending. That is a scary proposition. We often talk about the interest on the national debt because it has an impact on services that government provides. It is about $44 billion today and will rise to $50 billion in five years if the government's interest rate calculations are correct. This is a government that has not been very good at predicting interest rates. There is the famous video of when the Prime Minister was asked by Glen McGregor of CTV about the potential for rising interest rates. He had almost a stunned look on his face and suggested that interest rates are low and are going to remain low. We have seen, I believe, eight interest rate increases over the last year, which are having a dramatic effect on affordability for people, whether it is variable-rate loans or mortgages, or mortgages coming up for renewal. We are into a three-year cycle of mortgage renewals and people are going to be awfully shocked when they renew and see how much more those mortgage interest rates are going to cost. In fact, many people are now paying more in interest and not even paying down the principal as a result of renewing, adding to the existing affordability crisis. The projection numbers in this budget are staggering. I was supposed to make this speech on Monday, but because of some procedural things, here we are on Thursday night. The other day, in preparation for tonight, I had an opportunity to speak with my staff. As members of Parliament, as everyone knows, we are on the ground. We talk to our constituents at events we attend and we see what is happening, but when I am in Ottawa, it is really my constituency people who are receiving the phone calls and getting the emails from seniors and average, middle-class families in Barrie--Innisfil who are concerned. I asked them what some of the messages were that people were telling them on the phone. They were very similar to what I hear when I am out in public, which is that paycheques are thinner, that people are not making as much as they once were. A lot of that has to do with increased taxation, but it also has to do with payroll tax increases, increases in the CPP and EI for example, which eat it away. Grocery prices have doubled. Gas bills have tripled, in large part because of the carbon tax. I am going to speak about that in a second. The other thing they said is that hydro rates have gone up. All of that is adding to the affordability crisis for people in Barrie--Innisfil, not just individuals, families and households, but also businesses. We get phone calls from businesses talking about these increased costs, particularly in the agriculture sector, which forms a large part of my constituency in Innisfil. I have talked to producers and wholesalers, who are telling me about the cost of the carbon tax on their gas bills and how it is increasing their production costs. Of course, those costs are going to be passed on, through the wholesalers and producers, to the end consumers, which means that we are going to continue to see increases in grocery prices down the line. Social agencies are struggling as well. In Innisfil, we had a tremendous, compassionate individual whose name was Troy Scott. Unfortunately, he passed away as a result of COVID. He was the local Foodland owner. After his passing, the Town of Innisfil decided it was going to honour his memory by having Troy Scott community fridges placed strategically around different areas in the municipality. This is how bad the food insecurity crisis is: As soon as those fridges are filled, they are emptied. There are people coming on a daily basis who, because of the food crisis and the fact they cannot afford to buy food, are seeking food from these fridges because it is free. We have a very benevolent community filling up those fridges, but they are being emptied just as quickly. Other social agencies are struggling. There is something structurally wrong in this country right now, a G7 country, when Canadians are feeling an affordability and inflation crunch like never before, particularly as it relates to food insecurity and housing affordability and attainability. It is a big problem that needs to be fixed. One of the main reasons why I cannot support this is the continuation of the carbon tax that the budget implementation act calls for. We asked the government to deal with this from an affordability crisis perspective and to axe the carbon tax because of the impact it is having on Canadian families, businesses, wholesalers and producers. In 2019, the government ran on a promise of $50 a tonne. A year later, it announced that the carbon tax was going to go up to $170 a tonne by 2030. That is going to increase prices beyond what people can afford in a community like Barrie--Innisfil, with a lack of significant mass transit and connectivity from community to community. We have the GO train, which gets people to Toronto, but most people drive to work. They either drive to work within the GTA or they drive to Barrie. It is costing them money every time they fill up their car or turn on the furnace or the air conditioning in their home. That is adding to the cost of life. Groceries are being impacted by it as well. The government has said it is adding money to the pockets of people, but the PBO has countered that. The other thing concerns Lake Simcoe. It is mentioned in this budget, but is part of a broader lakes program. We have asked for specific funding. The government, in 2019, stood at the end of Bayfield Street and promised $40 million for the Lake Simcoe fund. It has not sent a dime yet, which is another broken promise. I am not certain that Lake Simcoe is going to be a priority. I hope it is. This budget adds a lot more pain than gain to Canadian families, particularly those I represent in Barrie--Innisfil. That is just part of the reason why I cannot support the budget.