Speech (House debate)

{
    "time": "2019-04-30 12:10:00",
    "attribution": {
        "en": "Mr. Harold Albrecht (Kitchener\u2014Conestoga, CPC)",
        "fr": "M. Harold Albrecht (Kitchener\u2014Conestoga, PCC)"
    },
    "content": {
        "en": "<p data-HoCid=\"5883421\" data-originallang=\"en\">Mr. Speaker, I want to thank my colleague for his comments. It is good to work with him on the scrutiny of regulations committee.</p>\n<p data-HoCid=\"5883422\" data-originallang=\"en\">My colleague went through a list of investments or expenditures the current government is making over the next couple of years. However, he failed to get to page 284, where there is a clear outline of the dramatically increasing costs of our public debt. In fact, this year we are going to be spending $26 billion on interest alone, and that is rising, as confirmed by the Parliamentary Budget Officer today, to about $34 billion by 2023. This is going to leave a massive expenditure on the shoulders of our children and grandchildren. That is a big concern for me and for many economists.</p>\n<p data-HoCid=\"5883423\" data-originallang=\"en\"> I am wondering if my colleague would comment on the negative impact that future debt charges are going to have on the ability of future governments to invest in programs that are necessary for the advancement of Canada rather than simply spending all this money on interest. We are spending money today that we cannot afford, which our children and grandchildren are going to pay. It is like leaving a credit card debt to someone else to pay off for one's expenditures.</p>",
        "fr": "<p data-HoCid=\"5883421\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, je remercie mon coll\u00e8gue de ses observations. Il est bon de travailler avec lui au comit\u00e9 d'examen de la r\u00e9glementation.</p>\n<p data-HoCid=\"5883422\" data-originallang=\"en\">Mon coll\u00e8gue a \u00e9num\u00e9r\u00e9 des investissements ou des d\u00e9penses que le gouvernement actuel pr\u00e9voit faire au cours des prochaines ann\u00e9es. Or, il a omis de dire que la page 335 montre clairement qu'il y aura une hausse consid\u00e9rable des frais de la dette publique. D'ailleurs, cette ann\u00e9e seulement, nous devrons payer des int\u00e9r\u00eats de 26 milliards de dollars. Comme le directeur parlementaire du budget l'a confirm\u00e9 aujourd'hui, ce co\u00fbt ira en augmentant et atteindra environ 34 milliards de dollars d'ici 2023. C'est un \u00e9norme fardeau financier \u00e0 imposer \u00e0 nos enfants et \u00e0 nos petits-enfants. Je trouve que c'est tr\u00e8s pr\u00e9occupant, et nombre d'\u00e9conomistes sont du m\u00eame avis.</p>\n<p data-HoCid=\"5883423\" data-originallang=\"en\">Je me demande si mon coll\u00e8gue voudrait parler des effets n\u00e9gatifs que les frais de la dette auront sur la capacit\u00e9 des futurs gouvernements d'investir dans les programmes dont la soci\u00e9t\u00e9 canadienne a besoin pour progresser au lieu de d\u00e9penser tout cet argent simplement pour rembourser les int\u00e9r\u00eats sur la dette. Nous faisons aujourd'hui des d\u00e9penses que nous ne pouvons pas nous permettre, et ce sont nos enfants et nos petits-enfants qui en paieront le prix. C'est comme faire payer son solde de carte de cr\u00e9dit par quelqu'un d'autre.</p>"
    },
    "url": "/debates/2019/4/30/harold-albrecht-1/",
    "politician_url": "/politicians/harold-albrecht/",
    "politician_membership_url": "/politicians/memberships/311/",
    "procedural": false,
    "source_id": "10584101",
    "h1": {
        "en": "Government Orders",
        "fr": "Ordres \u00c9manant Du Gouvernement"
    },
    "h2": {
        "en": "Budget Implementation Act, 2019, No. 1",
        "fr": "Loi no 1 d'ex\u00e9cution du budget de 2019"
    },
    "h3": {
        "en": "Second reading",
        "fr": "Deuxi\u00e8me lecture"
    },
    "document_url": "/debates/2019/4/30/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2019%2F4%2F30%2F"
    }
}