Mr. Speaker, the prime minister came out of the same hole he went into last December. Things have changed. Interest rates are rising which is bad news for Canadians paying mortgages. It is bad news for Canadian businesses paying bank loans and it is bad news for the worst debt organization in the country, the Government of Canada, with interest rate charges on the debt threatening to eat up the surplus in the minister's budget.
My question is for the prime minister. He has bragged in this House about having deficit reduction targets. Does he have debt reduction targets? If he does, what are they?