Mr. Speaker, I congratulate the member on his maiden speech. I enjoyed it. I
thought he had a lot to say. I also enjoyed the fact that he put the details to his theories so that we could tell exactly what kind of budgetary savings were possible with his suggestions.
A while ago there was a comment in the editorial section of the Globe and Mail . It went something along the lines that sustained profligate borrowing by several generations of politicians is committing not only this generation but future generations of Canadians to a lower standard of living.
In the last few days we have seen some real interest rate fluctuations and so on. People are theorising that there has been not only a run on the Canadian dollar but a huge jump in interest rates because the government has been unable to control its profligate spending.
Could the member for Kootenay East give his opinion on the relationship between the growing size of our deficit and debt and the future of interest rates as he see them?