Budget Implementation Act, 2023, No. 1
Date: 2023_04_24
Chamber: HOUSE OF COMMONS
Mr. Ziad Aboultaif: economists are telling us that Canada is on the brink of a recession, and the response of the Liberal government is to offer us a grim budget. Not only is it grim in the dictionary sense of being depressing or worrying to consider, but it is also Grimm as if it were written by the Grimm brothers. In other words, the finance minister has offered us a complete fairy tale. The minister thinks she is playing the role of Snow White, with her cabinet colleagues as the seven dwarfs. Of course, that would leave the Prime Minister the role of Prince Charming. However, the Disney version is not the original story. In the Grimm original version of "Snow White", the one Canadians will experience with this budget, the Minister of Finance would be the evil queen, and her budget the poisoned apple. Only by removing the apple from Show White's throat can she be saved, and only by defeating this budget can Canada's economy be saved from this Liberal disaster. Perhaps the finance minister has a starring role in another of the Grimm brothers' fairy tales: "Cinderella". After all, she just bought some new glass slippers before presenting her budget. The minister wants Canadians to believe that she is the fairy godmother, handing out cheques from the government. Who could argue with the idea of free money, even if it causes more inflation? However, the money is not really free. Cinderella may spend, spend and spend, never worrying that the clock is about to strike midnight, but midnight is coming and she will have to face the reality. Her beautiful horses are really mice, and when the clock strikes 12, we will discover just how big a pumpkin she has stuck the Canadian people with. This type of fairy tale is not a new thing for this government. After eight years, we should be used to the fantasies spun by the Liberal storytellers, by the Prime Minister and his cabinet. From the beginning, they have shown their inability to understand basic mathematics. In 2015, the Liberal leader promised Canadians that if he formed government, he would balance the budget by 2019. Does anyone on the other side remember that promise? After eight years, he has not even come close to balancing the budget. Instead, he just piles on more and more debt with government spending that drives up the price of groceries and everything else. He thinks people should be grateful to him for breaking his promises, because his government, as he says, will always have Canadians' backs, which is easy for him to say since we have already had to give him the shirts off our backs to pay for his high prices and high taxes. The Minister of Finance has learned from the Prime Minister . She has not promised us a balanced budget. Given the Liberal track record, I am not sure she knows what a balanced budget is. It may be because there was one thing missing from this budget, one small spending item that would have made a big difference if purchased and used: a dictionary. If the Liberals owned a dictionary, the finance minister might discover that the definition of "fiscal restraint" is not "spend the country into recession". Fiscal restraint is not telling Canadians in the fall of 2022 that the government expects to run a $30-billion deficit, and then adding an addition $10 billion a few months later. Can the minister be so unaware of the true numbers, or was she intentionally misleading Canadians? After eight years of this government, the deficits get higher, the national debt grows and our grandchildren will still be stuck with paying for Liberal extravagance. Rather than handing out cheques to Canadians struggling to feed their families due to high grocery prices, why does this government not actually do something about inflation, rather than making things worse? Is it because it does not have a clue how the economy works? The government can be counted on to always say the right thing, but its actions speak louder than words. Simply put, it does not walk the talk. A government that broke its promises about balancing the budget and that has steadily increased the deficit and national debt and fuelled record inflation should not be entrusted with the finances of the nation. Then again, the Liberals spent $6,000 a night on a hotel room for the Prime Minister , complete with butler service. Perhaps the Liberals do understand the financial challenges faced by ordinary Canadians and instead just do not care. I am not the only one who has noticed that the budget presented to us by the finance minister is a fairy tale. According to The Globe and Mail, this budget "is all a fiscal fantasy: the Liberal budget is built on a cloud of sleight-of-hand projections and the hope that Canadians are suffering from collective amnesia." If finance minister Cinderella really wants to help Canadians, and I believe she does, she needs to abandon this reckless spending program that she described as "fiscal restraint". She needs to recognize that people are suffering and she can act to make things better. First, she needs to lower taxes and scrap the carbon tax so that hard work will pay off again. The grocery tax rebate she is offering does not make up for the increases in payroll taxes and the carbon tax. Her policies are fuelling inflation and making people poorer, which is why one in five Canadians is skipping meals and food banks are seeing record demand. Second, she needs to get government spending under control. The Prime Minister has added more to our national debt than all prime ministers in our history. The finance minister says that she will balance the budget in 2028, but she has no plan. Continued inflationary deficits are driving up the cost of the goods we buy and the interest we pay. The finance minister's plan to balance the budget is probably the same one her predecessor used: keep on spending with even greater deficits and pretend that the budget will somehow magically balance itself in a few years. After all, we are living in a Liberal fairy tale where such things can happen, except they do not happen. As the government has never managed to meet a self-imposed climate change target, so too has it continuously failed to show any signs of fiscal restraint or fiscal responsibility. It is as if the minister knows the government is doomed so she does not have to worry about it or about balancing the budget. Instead, eliminating the national debt will be someone else's problem. When the Prime Minister was staying in that $6,000-a-night hotel suite, he went down to the hotel lobby one evening for a sing-along. Perhaps the Minister of Finance should take note of the words of the song he sang: Is this the real life? Is this just fantasy? Caught in a landside No escape from reality For the Canadian people, this is indeed real life, caught in a landslide of a fantasy budget. For them, there is indeed no escape from reality. I urge the Minister of Finance to learn from the fairy tales and drop her starring role in them. The fiscal clock is about to strike midnight, and it is time for Cinderella to face reality.