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Canada's Conservatives and the New Democrats both criticized the Trudeau Liberals' fall economic update, mainly for being out of touch with Canadians' struggles as inflation continues to rise and the housing crisis rages on.
The update, which was tabled and presented by Deputy Prime Minister Chrystia Freeland on Thursday, says that Canada will return to a balanced budget by 2027. The national debt currently sits at $1.1 trillion with inflation at 7 percent, the highest year-over increase in 39 years.
The Conservatives demanded no new taxes on workers and seniors and no new spending unless matched by equal savings, two criteria that leader Pierre Poilievre says the Liberals failed to meet.
Poilievre said it "triples the tax on home heat, gas, and groceries and adds $20 billion of inflationary spending that will drive up the cost of living."
"Conservatives will stand for the common people. Their paychecks, their homes, their savings," said Poilievre, who said his party would vote against the tabled budget.
"How did we get here? The cost of government is driving up the cost of living. Half a trillion of inflationary deficits has bid up the costs of the goods we buy and the interest that we pay. Inflationary taxes have increased the cost of businesses, farmers, and workers to produce those very same goods," explained Poilievre, who said that Liberals are telling Canadians that spending is necessary.
"More debt than all previous prime ministers combined. He added $100 billion before the first Covid case was ever discovered in Canada, he can't blame Covid for that. He blew threw his promise that the deficit would never exceed $10 billion. Well, it was already $100 billion in total before the first case of Covid.
"Then, when Covid came, 40 percent of all the new spending measures had nothing to do with Covid, according to the Prime Minister's own named Parliamentary Budget Officer. $200 billion of spending, unrelated to Covid, and even amongst the Covid spending was an all-you-can-eat buffet of waste and mismanagement," said Poilievre, who criticized Trudeau for sending CERB cheques to prisoners, and for giving wage subsidies to "wealthy corporations that were rich enough to pay out dividends and bonuses to their executives."
The update, which was tabled and presented by Deputy Prime Minister Chrystia Freeland on Thursday, says that Canada will return to a balanced budget by 2027. The national debt currently sits at $1.1 trillion with inflation at 7 percent, the highest year-over increase in 39 years.
The Conservatives demanded no new taxes on workers and seniors and no new spending unless matched by equal savings, two criteria that leader Pierre Poilievre says the Liberals failed to meet.
Poilievre said it "triples the tax on home heat, gas, and groceries and adds $20 billion of inflationary spending that will drive up the cost of living."
"Conservatives will stand for the common people. Their paychecks, their homes, their savings," said Poilievre, who said his party would vote against the tabled budget.
"How did we get here? The cost of government is driving up the cost of living. Half a trillion of inflationary deficits has bid up the costs of the goods we buy and the interest that we pay. Inflationary taxes have increased the cost of businesses, farmers, and workers to produce those very same goods," explained Poilievre, who said that Liberals are telling Canadians that spending is necessary.
"More debt than all previous prime ministers combined. He added $100 billion before the first Covid case was ever discovered in Canada, he can't blame Covid for that. He blew threw his promise that the deficit would never exceed $10 billion. Well, it was already $100 billion in total before the first case of Covid.
"Then, when Covid came, 40 percent of all the new spending measures had nothing to do with Covid, according to the Prime Minister's own named Parliamentary Budget Officer. $200 billion of spending, unrelated to Covid, and even amongst the Covid spending was an all-you-can-eat buffet of waste and mismanagement," said Poilievre, who criticized Trudeau for sending CERB cheques to prisoners, and for giving wage subsidies to "wealthy corporations that were rich enough to pay out dividends and bonuses to their executives."
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