Mr. Speaker, it was only last Friday that the government finally admitted we are into an economic downturn.
Let us talk about that contingency reserve. In the red book there is a reflection about revenues, with 50% going to increased spending and 50% going to taxes and debt reduction.
Since the Prime Minister wrote the red book we will not blame the finance minister. Will the Prime Minister tell us, then, what is his plan? How can we know? With revenues being reduced as they will because we are in a downturn, is he planning to reduce spending, or will he back off on debt reduction which will weaken the dollar? How can we know what he will do without a budget?