DA: Speech on 2017 Budget
It also seems strange that the Liberals are calling budget 2017 their innovation budget. There is really nothing new or innovative in this budget. Many of the programs are recycled and repackaged. What is becoming clearer is that they have no plan, no commitment, and no ideas on how to create jobs and grow our economy.
However, here is the kicker. They are spending billions on buzz words and catch phrases. Unless Canadians are a venture capital catalyst or a supercluster, this budget is simply not for them. Innovation thrives when businesses and entrepreneurs are free from excessive taxes, regulation, and interference. However, this budget takes the opposite approach. It picks the winners, and just does not really care about anyone else.
Here is what really worries me. The Prime Minister promised to run modest deficits for a couple of years. What this turned into is him borrowing $143 billion over six years. If that is modest, then I do not want to see or hear what he considers large deficits.
What Canadians must keep in mind is that our national credit card the Prime Minister keeps swiping works very similar to their own credit cards. Namely, the money needs to be paid back, and paid back with interest. Incredible amounts of money have already been borrowed. What this means is that not only this generation, but generations to come will need to pay the principal with interest on the debt being racked up now. A Canadian turning 18 years old today will not see a balanced budget until they are in their fifties. Essentially, our children, and even our grandchildren will be on the hook for paying off debt that the Prime Minister is needlessly racking up now.
This, in addition to making all Canadians pay more taxes for virtually everything. This explains only half the vicious cycle the Prime Minister has been inflicting upon us. What happens when the debt cannot be paid back? Will he raise taxes even more? Round and round we will go again.
With all this spending of billions of dollars on our national credit card, the Prime Minister could not seem to find sufficient amount of money for our men and women in uniform. For the second year in a row, the budget contains very little for them. Budget 2017 makes major cuts to defence, despite demands from the U.S. that NATO members commit to spend at least 2% of our GDP.
The government is deferring $8.5 billion in equipment purchases, having already deferred $3.7 billion in the past budget. The Department of National Defence now faces a $12 billion shortfall. It certainly does not look like national defence is a priority for this Liberal government. In an era of so much Liberal spending, it is very concerning that the largest cuts are consistently at the expense of the Canadian Armed Forces. This begs the question of whether or not the Liberals believe that Canada needs the ability to defend itself and our allies from clear threats like Russia, North Korea, Iran, and ISIS.
Recent examples, including the Liberals’ decision to pull our CF-18s out of the fight against ISIS, their preference for fourth generation fighter jets, their lack of increased support for our Ukrainian allies, and their failure to advance important procurement projects, all suggest that the Prime Minister is of the view that other countries should be relied upon to do the heavy lifting. With growing United States pressure for increased budgets, Canada’s allies have committed to modernizing their military capabilities and spending 2% of their GDP on defence.
Our Prime Minister has not followed suit, putting us in a very precarious position. Considering the clear global threats to our security, we need the appropriate investments in Canada’s national defence, and we need them now. The finance minister does not seem to agree, stating that the government believes the military is appropriately provisioned.
We are living in dangerous times where our security as a nation should be regarded with utmost importance. By not allocating the necessary funds to our armed forces, we are playing a dangerous game and putting our country at constant risk. lt is simple, the Liberals are asking Canada’s military to do more with less. This cannot stand.
On this side of the aisle, we will continue to fight for the resources that our Canadian Armed Forces deserve. If the Liberals will not listen to us here in this place, then I hope they will listen to the hard-working Canadians that this budget will directly affect.
According to a Nanos poll reported by the Globe and Mail, most Canadians are giving the Liberal government’s second budget a thumbs down. What this poll found is that Canadians are expressing a strong desire for the Liberals to lay out a plan for eliminating the deficit after the budget made no mention of when the federal books will be balanced. It is no surprise that only 5% of Canadians had a positive view of the budget.
Nik Nanos himself said:
|I think the fact that only one out of every 20 Canadians had an outright positive view of the federal budget should give the Liberals pause because it suggests that the budget, at least for a number of Canadians, was a disappointment.