Mr. Speaker, when the government was formed in 1993 the annual deficit was $42 billion. Obviously we cannot just make that disappear by flipping a switch. It obviously added to the accumulated national debt. The record shows very clearly that the government not only eliminated that deficit but it has also balanced the budget and delivered surpluses to Canadians as a result of its fiscal responsibility.
The member cannot deny the fact that we are on the right track. The debt to GDP is going down, down, down and in fact it should be below 50% before the next fiscal year is finished.