Mr. Speaker, as I said when I began my speech, budgets cannot be looked at in isolation. It is not just one budget. It is a series of budgets and where we have been. There have been tax cuts of $100 billion which have been fully implemented now. There will be more tax cuts but not to the extent that we will risk putting ourselves back into deficit, putting ourselves in a position where we are not able to continue to pay down some amount of debt which Canadians have said, and not at the risk of taking away from other important priorities like our health care system, just to name one.
Tax cuts are dangerous. Once they are made, they are forever. We have not been in a recession since the early nineties. It will come eventually and when one considers that a deep recession could cost us $15 billion a year as a result of unemployment, that would clearly wipe out any amount of surpluses we have had in recent years.