Mr. Chair, the exact opposite is true. Remember that when that government was first elected, they promised that the deficits would be small and temporary, just $10 billion a year for four years. Then they had to throw away that metric and said that as long as our debt-to-GDP ratio remains constant, that will be okay.
We all know that the economic output has shrunk. Meanwhile, spending even before this pandemic was going through the roof. Remember, it was the Liberal government that said Loblaws deserved $12 million for new fridges, and that Mastercard, a credit card company, deserved $50 million in corporate bailouts. The government made Canada weak heading into this pandemic, and all this additional spending that is being borrowed to provide assistance to Canadians is coming on the heels of record deficits and is hurting Canada's ability to maintain its credit rating.
One of the ways you can protect your credit rating is if you show the people you owe the money to how you're going to pay it back. Is the government willing to provide Canadians with an update as to how they will get Canada's fiscal track back under control when this pandemic is over?