Mr. Speaker, I really enjoy listening to the economics of the Conservative way. Let us take a look at what happened in 1993 because that is when many of us came here. We had an unemployment rate of over 10%. We had an interest rate which was very high which hurt everyone who had a mortgage to pay. When we talk about tax cuts, we have to keep in mind that people are paying record level low mortgages, so to pay 4% versus 8% on a $100,000 mortgage would equal $4,000 a year.
However, I want to put into perspective the $4.5 billion the hon. member mentioned. We have a one time expenditure of $4.5 billion, but the portion of the national debt that grew each and every year the Conservatives were in office went from $200 billion to $500 billion in nine years, at a cost to each Canadian of $1,500 a year and it repeats year after year. We are talking about investing in Canadians in very critical areas. My hon. colleague mentioned a one time payment of $300, but the Conservative portion of the debt is $1,500 a year, year after year. I wonder if my colleague could put that into perspective.