Question asked to the Government on October 7, 2011, about Keeping Canada's Economy and Jobs Growing Act
October 7th, 2011 - 5:42pm
Ms. Marjolaine Boutin-Sweet (Hochelaga, NDP): Mr. Speaker, the Conservative government is so proud of its budget. But according to the chief economist at BMO Nesbitt Burns, Sherry Cooper, the misplaced belief that the road to economic prosperity is paved by near-term fiscal tightening, as espoused by our own Prime Minister and British Prime Minister David Cameron last week, shows we have learned nothing from Herbert Hoover's response to the Great Depression.
Does my colleague not realize that it is dangerous for the Canadian economy to go ahead with the planned cuts?
Mr. Greg Rickford: Mr. Speaker, what is dangerous, and we are hearing this loud and clear from people in the great Kenora riding, is that they do not want a $10 billion tax bill. That is what is dangerous.
We heard just today that our unemployment rate is now down to 7.1%. There are 60,000 more jobs this month alone. That is a trajectory we want to celebrate.
I ask my colleagues across the floor to take a look at what Canada's economic action plan has done in their communities, such as putting up facilities and structures that have made the difference, employing people, putting people to work and increasing our tax base through higher employment levels, not by jacking up taxes by $10 billion.
That, with the greatest of respect that I can muster on that point, would be a dangerous thing.