Madam Speaker, it is a privilege to address you, sitting so finely in the chair, and to congratulate you on your elevation to that post in this august House.
I want to address three parts of Bill C-30, the budget implementation act that was presented some time ago, and I hope to get through all three parts. The first part concerns the budget generally. The second part concerns the equalization formula. The third part concerns the secret reserve.
First, with regard to the budget generally. Paul Martin and Ralph Goodale have taken government spending and taxing--