Mr. Speaker, I appreciate the hon. member's speech. I did not hear him comment too much about the fact that given the government's current plan for budgetary spending, our debt will grow by $100 billion in three years and our deficit will still be $25 billion a year after three years. These are the government's projections. Our annual interest bill will go from about $40 billion to $50 billion a year. This is in spite of a time of economic growth in Canada. At the end of these three years we may face a recession given the cycle of business and the international marketplace.
Would the member comment on whether he thinks the current 3 per cent of GDP deficit ratio is acceptable in light of those statistics?