Business of the House
Mr. Speaker, I appreciate that question from my learned friend from Newmarket—Aurora. He was a year behind me at Dalhousie Law School and I am quite sure he graduated. I know he did and he had a very successful law practice before coming to this place.
As a lawyer, he knows that before we conclude, as he mentioned in his remarks, we have evidence and the evidence is clear. We did run a deficit, but the previous prime minister was crystal clear with Canadians that our deficit spending was time limited, was stimulative, and was part of a longer term plan to get to balance by 2014-15, which we did. At the time, as I said previously, we lowered taxes on Canadians, particularly families and seniors, and grew the economy modestly.
Our success record was stronger than most countries in the G7 through that global recession. The difference and the line in the sand we are drawing is the plan the new Liberal government seems to have deficits going up with no end in sight, not going down. The deficits were estimated to be $10 billion or $20 billion in their election plan, going to $60 billion plus. I would urge that bright young member of the House to speak up on Wednesdays and pull the reins back on spending in his caucus.