Madam Speaker, I am aware that there will be about three minutes for my speech. I am not sure if the time carries forward or whether we are done debate, but if it does I will be splitting my time with the member for Fort McMurray—Cold Lake.

It is my pleasure to rise in this House. I want to put a little context around the pharmacare situation and, really, the economy in general. The future Liberal leader Mark Carney said that it is impossible to redistribute what one does not have. That is the very scenario that we find ourselves in.

Over the last nine years, we have experienced incredible fiscal and monetary, I might add, mismanagement of our economy. When the Liberals took the reins of power nine years ago, we had a balanced budget and we had a low GDP-to-debt ratio. Now, some nine years later, we have one of the worst debt-to-GDP ratios. We are looking at about 43%, in terms of debt-to-GDP ratio, which is shocking because the finance minister clearly said in 2022 that the government has a “fiscal anchor”, a line it shall not cross, and that the debt-to-GDP ratio would not increase.

Then what did it do? It went up. According to the PBO, who we heard from today, it is actually going to go up the next two years. Speaking of the PBO, I am not sure if anyone caught this because it was only audio, unfortunately, but members will not believe what the Parliamentary Budget Officer said. He was getting challenged by Liberals for the error he made with respect to the calculation of the carbon tax, and what he said is that he actually knows his numbers are right because he has the numbers in front of him, the same numbers that the Liberals would not release to the public.

It is incredible. The PBO came out and said that he has their analysis, but he just cannot share it because the Liberals will not share it. They have a carbon tax analysis that shows six out of 10 Canadians pay more in carbon tax than they get back in rebate.

That being said, I will just sum up my three minutes with this comment from the great Margaret Thatcher. She said, “The problem with socialism is that eventually you run out of other people's money.” We have hit that point. We are now paying more in interest than we are in health care transfers. Let us have a little common sense, the government cannot redistribute what it does not have. An obsession with redistribution to the extent that it is no longer focusing on growth will hurt everyone, most notably the most vulnerable.

Philip Lawrence

$492,727.00