Thank you Mr. Giroux, for keeping your remarks brief. That gives us more time to ask you the questions we need answered.
Bill C-14 includes a request to raise the debt limit by a historic $663 billion—approximately 57% over the existing ceiling. This includes $100 billion of undefined stimulus spending, and another $223 billion of additional unallocated borrowing capacity.
I'd like you to comment on the merits of asking for a massive increase in borrowing capacity in the absence of a budgetary framework, and in the absence of any fiscal anchors to guide the government's management of its finances.