Mr. Speaker, the hon. member across the way keeps referring to the fact that we are following on with the Tory policies. I just want to remind the member of the 1989 budget and the fact that the Tories increased the manufacturers sales tax and excise taxes, increased surtaxes, increased high income surtaxes, brought in large corporation capital taxes. That is the Tory policy. That is not the Liberal policy.
But let me go on and address a couple of the points that the hon. member made when he talked about the millennium fund being stacked with CEOs and business people in this country. If the hon. member checked there will be a student on that board. There will also be university presidents. I am sure he will find a few friends of the NDP from the university presidents. If he cannot, I suggest that is his problem.
We have struck a balance to ensure that those individuals who are going to partake in deciding where that $2.5 billion is spent are really a reflection of Canadians.
On the CPP as well, where the member talks about it being stacked by CEOs, every province of this country provided input into who would be part of that board.
He mentioned Tony Blair. How does he respond to Tony Blair when he said in his campaign that the Labour Party is committed to strict control of government borrowing and lives by the pledge that sound public finances are essential to long term stability?. He went on to say spending is not the solution to every problem. It is how the money is spent that counts.
If we put that to the test this government has met the test and has certainly been a reflection of what Canadians have been telling us. We have taken a balanced approach. We will continue to take that balanced approach. We continue to deal with the finances and we are now investing in Canadian priorities irrespective of what the hon. member says.