Mr. Speaker, I was very interested to hear the member from across the way talk about having the fiscal house in order. Let us see how much order it is in.
The last time I noticed we were $560 billion in debt. We have a 67 cent Canadian dollar. We pay about $40 billion to $50 billion in interest depending on what rate we are paying at the time. The member calls that getting his fiscal house in order. All of this is despite the fact that revenues have increased since 1993 by about some $40 billion or $45 billion.
I recall in 1993 when the Liberal candidate in my riding said that a perfectly acceptable level of deficit financing would be about 3% of the GDP. I would like the member to comment on whether he has changed his mind about that level of deficit.