Mr. Speaker, I was interested in my hon. colleague's comments.
As I look at the budget I have every sense that this is a feel good budget that has been produced somewhat by the government's acceptance of the Canadian Alliance's fiscal prudence approach over the years. The government has indeed accepted our proposals to cut down the deficit and bring us into balanced budgets. There is no question that the government is now rewarding itself through a lot of incredible spending in this budget.
One thing I have heard from a number of people who are cautious about this budget is that even though our economy has done well in comparison to other G-7 nations and certainly in comparison to the United States, we depend so much on the American market, 85% of our exports go there. What happens if the American economy suddenly takes a huge dive? We would be no longer able to export to the Americans because they would not be buying.
Does the member know of any contingency plan on behalf of the government that would account for this kind of scenario taking place and in light of this free spending budget?