Why Conservatives Want Carney in Front of the Finance Committee?

Why Conservatives Want Carney in Front of the Finance Committee? 

       https://www.youtube.com/watch?v=pouJ-4FwdpQ

 

 Conservative MP Sandra Cobena holds a news conference on Parliament Hill on October 27, 2026, reacting to a new report from the Parliamentary Budget Officer (PBO), which found that the federal government will not meet its self-defined fiscal anchors on debt and that the debt-to-GDP ratio is rising. Cobena argues the government is on track to add $733 billion in debt over five years, that new accounting definitions move operating spending into capital investments, and that interest on the debt now costs about $6,000 per Canadian household. She also discusses her party's motion calling on Prime Minister Mark Carney to appear before the House Finance Committee. The federal budget will be tabled next week.

 

TRANSCRIPT

 

Good morning. I am here to talk about the most recent uh PBO report and our motion in the house today. So in the

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last election, the prime minister promised fiscal discipline. But the PBO has exposed that this that discipline is

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in fact non-existent with the fiscal anchors that the prime minister has chosen to use. If you remember in the last uh budget, the prime minister chose

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to make up new financial accounting definitions that would allow him to move operating expenses into capital investments and he dropped the fiscal

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anchor of debt to GDP. Coincidentally, at the same time when he is taking on staggering amount of debt [snorts] and

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will not be captured by this fiscal anchor and this is concerning of course because we see $733 billion over 5 years being taken on by this prime minister.

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The last prime minister took $700 billion on on debt over 10 years. But

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before that prime minister, all the prime ministers combined took about 700

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billion dollars. So you have one prime minister taking on 7333 billion of debt,

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an amount of debt that generations of prime ministers before him took on. And he's doing that in just 5 years. We are

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calling on the prime minister to show up to the finance committee and to answer questions for that. We have not seen any

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credible plan to repay that debt. That debt is currently costing Canadians about $6,000

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for per Canadian house household just to service. This is not to repay the debt because today interest is the the

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fastest growing expense. It's not healthcare. It's not defense. It is interest. And ultimately this debt and

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this interest must be paid back and it has to be paid back with dollars earned by and taken from hardworking Canadians.

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But we don't have a plan from the prime minister to repay this debt. the the my biggest fear is that in a week's uh time

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roughly when the prime minister tables his budget he will stand in the House of Commons and speak about fiscal prudence

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creating an illusion that our country is in fact better off but what we are seeing is that he is c calling uh debt

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uh hidden in crown corporations assets let's remember these these are called assets because uh of this idea that they

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will be this debt will be repaid. But we have seen for example Canada Post hasn't turned a profit since 2017 and has lost roughly uh $5 billion.

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So he's calling debt assets. He is calling operating expenses capital investments in the likes of $19 billion.

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And of course, he's not restoring the true fiscal anchor that every other serious country around the world uses, which is the debt to GDP ratio. This is

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uh quite concerning because of course we have a prime minister who is mortgaging our children's debt, our children's

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future rather, and with no credible plan to repay it. And so we're calling on the prime minister to show up to the finance committee to answer questions.

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Unfortunately, he does not show up uh to uh the House of Commons often. Uh uh 30

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30% roughly of times that he shows up and questions are not answered. We deserve answers. Canadians deserve

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answers. Uh the cost of running this government is increasing rapidly and it's putting many of the services that Canadians rely on at risk.