On this day last year the federal debt stood at $489 billion. After one year of so-called Liberal restraint the debt now stands at $535 billion, an increase of $46 billion. For all the talk of deficit reduction and spending restraint the government has put Canada deeper in debt than it has ever been before.
My question is: Will the Deputy Prime Minister admit that the government has wasted this last year in its mandate by not acting vigorously enough to reduce spending? Will the government commit to a more vigorous spending reduction program in its second year before it is too late?