Douglas Glenn FISHER

FISHER, Douglas Glenn, B.A.

Personal Data

Party
Liberal
Constituency
Mississauga North (Ontario)
Birth Date
November 28, 1942
Website
http://en.wikipedia.org/wiki/Douglas_Glenn_Fisher
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=f60da943-de97-40ad-b291-977a9f78c29f&Language=E&Section=ALL
Profession
businessman, publisher

Parliamentary Career

February 18, 1980 - July 9, 1984
LIB
  Mississauga North (Ontario)
  • Parliamentary Secretary to the Minister of Finance (March 1, 1982 - February 29, 1984)

Most Recent Speeches (Page 4 of 219)


May 15, 1984

Mr. Fisher:

Mr. Speaker, that is unusually polite of the Hon. Member. I appreciate his intervention, unnecessary though it was. It is typically unrevealing of what he really thinks or means.

The third point I would like to make, Mr. Speaker, is that we intend to build our recovery on a strong base across the country. That is why we introduced the six and five program two years ago to help get rid of inflation in our economy. That is why in the summer of 1982 we passed the National Training Act in order that young and unemployed people would have access to retraining. That is why in trade we put an emphasis

May 15, 1984

Supply

on Canagrex, the Export Development Corporation, and the new aid trade scheme.

Topic:   GOVERNMENT ORDERS
Subtopic:   BUSINESS OF SUPPLY
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May 15, 1984

Mr. Fisher:

Mr. Speaker, I am pleased to see that the Liberal leadership race has attracted such a wide range of interest. The fact that it has reached the Hon. Member for Brampton-Georgetown (Mr. McDermid) shows that it has indeed been a successful campaign.

Supply

The Hon. Member can check the "blues" or Hansard, but I said in my speech that I would lower the deficit. 1 believe that we can do that in three ways. First, we can do it by making the economic pie larger, which will simply increase government revenue. I am sure that we both agree about that.

Second, we can increase government revenues by increasing taxes. The Member for St. John's West said that this morning. As the Hon. Member knows, that will happen in the fall when some of the increases in federal taxes, particularly the federal wholesale tax, come in.

Third, I believe we can reduce the deficit by reducing spending, but only very carefully. That is what I am trying to emphasize to the Hon. Member. Some of that spending will decrease automatically as demands for unemployment insurance and as demands on the Canada Assistance Program and some of the other social transfer programs decrease. We have an obligation obviously to decrease it beyond that, but in order to do so we must be very careful and sensitive to the needs of the individual.

Topic:   GOVERNMENT ORDERS
Subtopic:   BUSINESS OF SUPPLY
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May 15, 1984

Mr. Fisher:

That is why we have refused to cut back our social security program during the recession period. We use government to encourage new ideas, and that is why we put in new tax credits for research and development. We use government to build new social security programs that are adequate to meet the future needs. That is why the last Budget brought in an emphasis on pension reform.

Let us go back to the motion that is in front of us. Let us look in detail at the Tory comments that some magic influence could somehow lower interest rates in Canada. All of us know that the Americans are experiencing the economic phenomenon known as crowding out. Their private and public sectors are competing heavily for the smaller pools of available capital that they have in that country. Their government spending is not like our government spending. It is not going in a recycled way back into their economy. Their spending is not dominated by transfer payments to individuals or to other governments. Their spending increases have been directly competitive spending increases in areas like defence. Second, we know that in the United States they have a much smaller pool of available personal savings.

Topic:   GOVERNMENT ORDERS
Subtopic:   BUSINESS OF SUPPLY
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May 15, 1984

Mr. Fisher:

Mr. Speaker, I am sure that this is a topic that we will hear debated during the election at great length as people attempt to lay blame for the recession. I have no doubt that people would like to do that.

One of the recurring themes in my answer will be that people who attempt that sort of deficit cutting, slashing and hacking that was proposed by the Tory Party during those dark days would have made our situation far, far worse.

Topic:   GOVERNMENT ORDERS
Subtopic:   BUSINESS OF SUPPLY
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May 15, 1984

Mr. Fisher:

We will have increased Guaranteed Income Supplements by over $50 a month by the end of this year.

Topic:   GOVERNMENT ORDERS
Subtopic:   BUSINESS OF SUPPLY
Full View Permalink