Mr. Speaker, in 1979 I emigrated from New Zealand where the government of the time was immersed in a policy of tax and spend with overgenerous social programs and widespread reliance on welfare.
In 1984, as many members will be aware from the "W5" television program, New Zealand experienced a debt crisis. The tough decisions that should have been made by the politicians turned into drastic decisions when New Zealand could no longer deficit fund its spending.
Unless all members of the House learn from the experiences in countries like New Zealand, Denmark and Sweden which have all experienced debt crisis in the last 10 years, Canada too will soon be on the brink of a debt crisis.
The new free enterprise, unsubsidized, minimally regulated economy of New Zealand today is proof that there is a great reward for gaining control of government spending.