Mr. Speaker, the money markets say there are two sources of uncertainty with respect to Canada. One is of course the constitutional question, but the other is the overspending and deficit of the government, the one that the government can do something about.
An interest rate on government bonds of 2 per cent above the rate assumed in the budget implies a deficit increase of $3.4 billion in the first year and $5 billion in the second year according to the government's own projections. There is nothing wrong with changing a battle plan that is not working. Will the Prime Minister now order a mini budget containing deeper spending cuts and that it be brought down before the fiscal situation gets worse?