Mr. Speaker, we are seeing more reports and assessments which the government has received from outside economists and organizations in recent weeks. These are very disturbing to taxpayers.
One of Canada's most respected economists, Dale Orr of WEFA, is warning today that for the fiscal year just ended federal spending will be about $2 billion more than expected.
How can the government pretend that we are not on track for a deficit or possible higher taxes when its spending is wildly exceeding even the finance minister's own projections? How can it deny we are not on track for a deficit?