Speech (House debate)

{
    "time": "2024-05-27 22:25:00",
    "attribution": {
        "en": "Mr. Rick Perkins",
        "fr": "M. Rick Perkins"
    },
    "content": {
        "en": "<p data-HoCid=\"8424576\" data-originallang=\"en\">Mr. Speaker, there is an Ottawa-speak that happens, in which every time somebody spends a tax dollar, the government calls it an investment. Investment is really only when we buy equity in something, and equity generally is ownership of a company, so an investment is that kind of thing. When we spend money that leads to $40-billion deficits and that leads to $800 billion of debt being added, that is called an expenditure with very little result, as we have seen from the government.</p>\n<p data-HoCid=\"8424577\" data-originallang=\"en\">We have the poorest productivity in the OECD, thanks to the government's expenditures. There is now a 40% gap between Canada and the United States in per capita income because of the expenditures, which the government calls investments. The purchasing power of our dollar is dropping, and our individual paycheques are dropping dramatically because the government's expenditure investments are producing very little in the way of economic benefit. In fact, they are hurting our economy, because the increased debt and increased spending have increased interest rates, which have increased the cost of everything to everybody and are causing an affordability and housing crisis in Canada.</p>",
        "fr": "<p data-HoCid=\"8424576\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, dans le jargon d'Ottawa, chaque fois que quelqu'un d\u00e9pense un dollar d'imp\u00f4t, le gouvernement dit que c'est un investissement. En r\u00e9alit\u00e9, un investissement, c'est lorsqu'on ach\u00e8te des actions d'une entreprise. On fait ainsi partie des propri\u00e9taires de l'entreprise. C'est ce qu'on appelle un investissement. Lorsque nos d\u00e9penses entra\u00eenent des d\u00e9ficits de 40 milliards de dollars et une augmentation de la dette de 800 milliards de dollars, on parle de d\u00e9penses qui ont tr\u00e8s peu de r\u00e9sultats, comme nous l'avons vu de la part du gouvernement.</p>\n<p data-HoCid=\"8424577\" data-originallang=\"en\">Gr\u00e2ce aux d\u00e9penses du gouvernement, nous avons la plus faible productivit\u00e9 des pays de l'OCDE. Il existe aujourd'hui un \u00e9cart de 40 % entre le Canada et les \u00c9tats-Unis en termes de revenu par habitant \u00e0 cause des d\u00e9penses que le gouvernement qualifie d'investissements. Le pouvoir d'achat de notre dollar baisse et la valeur de nos ch\u00e8ques de paie diminue consid\u00e9rablement parce que les d\u00e9penses du gouvernement ne produisent que tr\u00e8s peu d'avantages \u00e9conomiques. En r\u00e9alit\u00e9, elles nuisent \u00e0 notre \u00e9conomie, car l'augmentation de la dette et des d\u00e9penses a fait grimper les taux d'int\u00e9r\u00eat, ce qui a augment\u00e9 le co\u00fbt de tout pour tout le monde et a provoqu\u00e9 une crise de l'abordabilit\u00e9 et du logement au Canada.</p>"
    },
    "url": "/debates/2024/5/27/rick-perkins-12/",
    "politician_url": "/politicians/rick-perkins/",
    "politician_membership_url": "/politicians/memberships/4639/",
    "procedural": false,
    "source_id": "12764948",
    "h1": {
        "en": "Government Orders",
        "fr": "Ordres \u00e9manant du gouvernement"
    },
    "h2": {
        "en": "Canada-Newfoundland and Labrador Atlantic Accord Implementation Act",
        "fr": "La Loi de mise en \u0153uvre de l'Accord atlantique Canada\u2014Terre\u2011Neuve\u2011et\u2011Labrador"
    },
    "document_url": "/debates/2024/5/27/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2024%2F5%2F27%2F"
    }
}