Mr. Speaker, what the hon. member fails to understand is that the approach we have taken and the reason interest rates and inflation rates are low today is that we looked at government structure, we looked at government spending, we went through the program review, we went through the restructuring of government and we reduced spending in government. We have said that we cannot be all things to all people. We have taken a targeted approach with respect to what government can do and does best. In doing so we have put in place the structural changes which have brought the lower interest rates and the lower inflation rates.
When this approach was being taken by the government a number of years ago, members opposite cried out and said that it would never work, that we needed to cut, slash and burn. That is their approach: Do it tomorrow; do it soon. They said that if we continued on the same track we would hit the wall.
We did not hit the wall. Interest rates are low. Inflation is low. We are being heralded around the world as one country which has taken the direct approach and ensured that our economic fundamentals are in place. We will continue to prosper.