Mr. Speaker, the Alliance has been calling for debt reduction but as with so many other issues, like its tax policy, it keeps changing the numbers.
It originally called for an annual payment of $3 billion on the debt. It has now changed its mind and called for a debt pay-down of $6 billion annually.
It is time for the Alliance to wake up. The train has left the station and the Alliance is not on it. The government has already paid down more than $6 billion of debt per year over the last three fiscal years, for a total of $18.7 billion. By making these payments we are freeing up more than $1 billion annually in interest payments, which can be used to address the needs and priorities of Canadians.
This action on our debt is yet another dividend from the responsible fiscal management that the Liberal government continues to provide to Canadians. Under our leadership things will just keep getting better and better.