Mr. Speaker, Canada is not in deficit. We are the only G-7 country not in deficit. We are not in deficit this year and we will not be in deficit next year, nor will we be in deficit the year after.
The hon. members talk about wasteful spending. I would like to talk about the $16 billion in wasteful spending, so I have gone back to take a look at what they are talking about.
Let me tell the House what their wasteful spending is: $1.5 billion pension and health benefits for veterans; $1.1 billion for labour market training, employment assistance to persons with disabilities and helping the homeless.