This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2022-03-03 16:15:00",
"attribution": {
"en": "Hon. Ed Fast",
"fr": "L\u2019hon. Ed Fast"
},
"content": {
"en": "<p data-HoCid=\"7013022\" data-originallang=\"en\">Yes, I understand it provided stimulus and that the stimulus was required. I'm not challenging you on that. I'm suggesting to you that when you engage in bond buying, the government has the capacity to spend that money and does, which in fact injects stimulus into the economy.</p>\n<p data-HoCid=\"7013023\" data-originallang=\"en\">Let me go to another question.</p>\n<p data-HoCid=\"7013024\" data-originallang=\"en\"> You mentioned high household debt, and that concerns me as well. Our household debt to disposable income ratio today is around 180%, which is significantly higher than in the U.S. Has the Bank of Canada done calculations on the impact that higher interest rates will have on highly indebted consumers, those who are indebted on big mortgages, big credit cards and other consumer loans? Have you done that work?</p>",
"fr": "<p data-HoCid=\"7013022\" data-originallang=\"en\">Oui, je comprends que cette mesure a fourni un stimulus et que ce dernier \u00e9tait n\u00e9cessaire. Je ne dis pas le contraire. Ce que je dis, c'est que quand vous entreprenez d'acheter des obligations, le gouvernement a la capacit\u00e9 de d\u00e9penser et il le fait, ce qui injecte des stimulus dans l'\u00e9conomie. </p>\n<p data-HoCid=\"7013023\" data-originallang=\"en\">Permettez-moi de passer \u00e0 une autre question.</p>\n<p data-HoCid=\"7013024\" data-originallang=\"en\">Vous avez fait allusion \u00e0 l'endettement \u00e9lev\u00e9 des m\u00e9nages, un ph\u00e9nom\u00e8ne qui me pr\u00e9occupe \u00e9galement. Notre ratio entre la dette et le revenu disponible des m\u00e9nages est de 180 % actuellement, ce qui est substantiellement plus \u00e9lev\u00e9 que celui des \u00c9tats-Unis. La Banque du Canada a\u2011t\u2011elle r\u00e9alis\u00e9 des calculs sur les r\u00e9percussions de la hausse des taux d'int\u00e9r\u00eat sur les consommateurs fortement endett\u00e9s, comme ceux qui ont des hypoth\u00e8ques \u00e9lev\u00e9es, des cartes de cr\u00e9dit avec des marges \u00e9lev\u00e9es et d'autres pr\u00eats \u00e0 la consommation? Avez-vous fait ces calculs? </p>"
},
"url": "/committees/finance/44-1/24/ed-fast-5/",
"politician_url": "/politicians/ed-fast/",
"politician_membership_url": "/politicians/memberships/410/",
"procedural": false,
"source_id": "11557696",
"document_url": "/committees/finance/44-1/24/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F44-1%2F24%2F"
}
}