Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

ERIN O’TOOLE -- Justin Trudeau spent recklessly during the good years, and now when we need the fiscal capacity, independent rating agencies are sounding the alarm

Fitch, one of the big 3 global credit rating agencies, downgraded Canada's credit rating Wednesday.

The United States, the European Union, Germany, Australia and many other countries are all facing the same economic and fiscal challenges as Canada, but we were the only country to get a downgrade.

We used to have a AAA rating - a legacy from the (Stephen) Harper government that allowed us to borrow money more cheaply and make decisions knowing global credit markets had confidence that Canada could pay its bills.

Justin Trudeau spent recklessly during the good years, and now when we need the fiscal capacity, independent rating agencies are sounding the alarm.

And they should be - Justin Trudeau and Bill Morneau can't even tell us the size of the deficit.

They won't even give us a fiscal update or a budget to inform Canadians about our fiscal situation.

And they even shut down parliament to avoid having to answer questions about their spending.

This isn't good enough for Canadians.

We're facing a generational challenge. It's a public health crisis and an economic crisis at the same time. 

Canadians deserve to know the state of our finances. Canadians deserve a government with a plan to stabilize the finances, grow the economy again and find a way back to balanced budgets.

Millionaires like Justin Trudeau and Bill Morneau don't care. They'll be fine either way.

But the rest of our country is desperate for change. That's what I'm going to offer them in the next election.

 

Erin O’Toole is the Member of Parliament for the riding of Durham (Ontario) and the Official Opposition Shadow Minister for Foreign Affairs and International Development.

He was first elected to Parliament in a 2012 by-election and re-elected in the 2015 general election.

He is currently one of four candidates seeking the leadership of the Conservative Party of Canada.

Labels:

Comments

Post a Comment

Popular posts from this blog

NDP Government Blames Everyone but Themselves

The federal government has announced new measures to support British Columbia's forestry sector, including $65 million in funding for projects across the province. While any support is welcome, it falls far short of the level of assistance other provinces have secured for key industries. Conservative Forests Critic Ward Stamer says the NDP government needs to take responsibility for its mismanagement of B.C.’s forest industry instead of trying to pass on the blame. Despite promising to create more jobs in the forest sector, the NDP government has overseen the loss of thousands of forestry jobs and 21 mill closures which have devastated communities. “If Premier Eby spent more time addressing the regulatory issues impacting the forestry sector than he did complaining about the federal government, we would not be in the position we are now,” said Stamer. “And instead of trying to place the blame for mill closures on Donald Trump, Minister of Forests Ravi Parmar should t...
Post a Comment
Read more

Tourists Rack Up $200M in Unpaid Health Bills While BC Patients Wait Years for Care

While British Columbians wait years for basic medical care, the NDP government has allowed non-residents to rack up $200.6 million in unpaid health bills since 2020-2021. New research from SecondStreet.org, obtained through a freedom of information request, revealed that people from outside Canada are coming to BC, receiving health services, and leaving without paying their bills.  The losses span every health region in the province. "British Columbians are not guaranteed timely access to healthcare, be it treatment or diagnostics, and this situation continues to deteriorate under the NDP," said Anna Kindy, MLA for North Island and Critic for Health. "Taxpayers are footing the bill for tourists' health treatments to the tune of over $200 million, enough to cover over 21,000 hip replacements in this province while British Columbians wait months to years for that surgery.” The research found BC has the worst record of any province in Canada examined so far. Under a dec...
Post a Comment
Read more

NDP Finance Minister Given "F" on Report Card by Canadian Taxpayers Federation

Peter Milobar, MLA for Kamloops Centres and Official Opposition Finance Critic, released the following statement in response to the Canadian Taxpayers Federation's 2026 Finance Minister Report Card, which ranked BC Finance Minister Brenda Bailey dead last among provincial finance ministers in Canada with an overall grade of "F":  "British Columbians didn't need a report card to know things are headed in the wrong direction. They see it every time they pay their bills, try to buy a home, or watch another government deficit pile up. But now an independent national organization has confirmed that NDP Brenda Bailey is the worst-rated finance minister in Canada. "After nearly a decade of decline under this NDP government, British Columbia has become a province where people pay more, government borrows more, and families get less in return. We have some of the highest debt in the country, repeated credit downgrades, and no credible plan to get our finances back on...
Post a Comment
Read more

Labels

Show more