Mr. Speaker, the Government of Canada is deep in debt and continuing full speed ahead with government overspending toward the inevitable crash into the debt wall. The government claims to be using innovative ways to reduce its overspending but it is obvious it has no idea what it is doing.
The latest example is with the government owned VIA Rail system. This crown corporation receives over $800,000 a day in government subsidies. It was told to cut its costs but instead it cut its fares in half. It seems the only thing it can do well is lose money and now it is going to be twice as good at it. These fare reductions will continue until the end of May and they are devastating the private sector bus industry.
Using the taxpayers' money to subsidize poorly run crown corporations so they can unfairly compete with Canadian business is not only wrong, it is idiotic.