On April 19, the government presented its first budget in two years. Instead of a framework to relaunch our economy and secure the future, it was a plan for more massive deficits that will cripple Canada’s prosperity.
Canadians want their taxes spent on programs that make their lives better and our country stronger, not interest payments. A record $350 billion deficit last year pushed federal debt to a trillion dollars. New programs will fuel unsustainable growth in the public sector and reshape our economy in directions chosen by Ottawa. We should let Canadians keep their hard-earned money and shape our future with their own spending decisions.
Albertans will not find help for our hard-hit provincial economy. Instead, there are new plans to speed up the “phasing out” of the oil and gas sector. Canada has been blessed with abundant energy and other resources. If we deliberately close down our strongest industries, who will pick up the burden?
We cannot spend our way to prosperity. Trying to pick winners only creates industries reliant on ever greater handouts. As debt grows and inflation pushes interest rates up, more tax dollars will go to interest payments rather than towards services for Canadians. Already, the Bank of Canada is hinting rates will rise far sooner than it predicted a few months ago.
There is a better way: a bold plan to double our economy in size. We must harness the creativity of Canadians in every industry. That means lower taxes across the board. It means less red tape and an end to allowing anyone with a grievance to shut down the economy. We must attract investment, not repel it, reward job creation, not penalize it, and empower creativity, not stifle it. By being bold we can create a strong, free Canada that is able to provide a clean environment, opportunity for all, and help for those truly in need.
Please visit www.bobbenzenmp.ca and let me know your thoughts on this and other issues.
MP – Calgary Heritage Bob Benzen proudly serves the following Communities: Bayview, Braeside, Bridlewood, Canyon Meadows, Cedarbrae, Chinook Park, Eagle Ridge, Evergreen, Evergreen Estates, Haysboro, Kelvin Grove, Kingsland, Lakeview, Oakridge, Palliser, Pumphill, Southwood, Woodbine, Woodlands