Mr. Speaker, during the election campaign, the Prime Minister waved around the red ink book and told Canadians that he had the plan. It is in fact the Reform Party that has the plan to deal with the country's deficit and debt.
In the presentation to the finance committee today, the Reform Party outlined $10 billion in specific expenditure reductions. This is the first phase of an updated zero in three plan to eliminate the deficit in three years. The presentation pointed out the absolute necessity of going beyond the government's 3 per cent target if we are to preserve Canada's fiscal integrity.
Unlike the government, whose fiscal plan will add $100 billion to the debt bringing the total to an astronomical figure of over $611 billion, the Reform Party's plan tackles the economic problems of the country in a responsible manner.
We have set out a clear time frame for eliminating the deficit and we challenge the government to do the same.