Mr. Speaker, the relationship between high deficits, low productivity and consequent high unemployment is one with which no one would disagree.
However the reduction of the deficit must come in many ways, certainly a reduction of government spending, but at the same time an increase in employment. By far the best way is by putting Canadians back to work, in addition to cutting spending.
I would also say that I agree with the IMF, so ably cited by my colleague, when the IMF said that Canada next year would lead the industrialized world in job creation, economic growth and productivity.