Canadians Pay More and Get Less: Ottawa’s Debt Problem

Canada’s national debt has now surpassed $1.4 trillion, and the cost of servicing that debt is hitting Canadians directly.

During Question Period, I exposed the real‑world consequences of Liberal fiscal mismanagement: higher inflation, weaker earnings, and a growing wealth transfer away from Canadian families.

Today, the average Canadian pays nearly $2,000 per year just to cover the interest on federal debt. That money does not reduce the debt. It does not improve healthcare. It does not strengthen national defence. It simply services past overspending.

Among G7 countries, Canada now ranks:

• #1 in household debt
• #1 in food inflation
• #1 in housing costs

A decade of unchecked spending has stripped away fiscal discipline. Deficits no longer serve as emergency measures—they have become routine. Fiscal anchors are ignored, restraint has disappeared, and affordability has deteriorated.

When will Liberals understand who they work for – Canadian taxpayers or international bankers?

Greg McLean, M.P. – Question Period

As I noted in the House, the more government debt increases, the more inflation rises—and the more Canadians see the value of their paycheques eroded. Canadians pay more and get less.

The question remains: will the government finally change course, or continue overspending today at the expense of our future?

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Consult the Official Hansard transcript.