Mr. Speaker, I want to thank the Conservative member for his kind words and his accurate analysis of the measures that are presented to us.
I wonder if he could also comment on what I will say about the federal government's debt. Is it not true—and the public should remember these facts—that the Mulroney government inherited a precarious budgetary situation, because it came to office after we had had several Liberal governments? The first major deficits were incurred by the former Prime Minister, who was a former Minister of Finance, Mr. Chrétien. So, when the Conservatives came to office, they found themselves dealing with a situation that had been created by the Liberals, in addition to having to deal with two major recessions under your government.
Does this bring back some memories to the hon. member?