Mr. Speaker, this is debate. This is not question period. We are debating the bill and I am giving an opposite view. I want to conclude with one last point.
If the government takes money that it does not have and gives it to an industry to expand, the industry will employ people and there will be an increase in output. However we have found people as a whole look at the increase in the debt. They begin to realize that their future tax obligations will go up to service the debt. They are worried about their children and grandchildren. This is why we find the spending of those who have to pay the bills in the future is down. That reduces demand, output and employment the same amount by which deficit spending increased on the other side.
That is a very well accepted proposition in economics.