Mr. Speaker, the majority of the tax cuts were implemented on January 1 this year. The rest will be implemented. We are predicting that we will have balanced budgets for years to come. No one can know if in three, five or ten years from now there may be a major recession. However the way we have handled the finances of this nation since 1993 has been a huge success.
In the House of Commons on May 10th, 2001. See this statement in context.