Mr. Speaker, the member talked about economics the Conservative way and I would love to talk about that but before I do I would like to talk about economics the Liberal way.
He talked about when the country started going into deficit. If I recall, history seems to indicate that started under a Liberal regime. Yes, it was continued through some bad periods of inflation, but I want to remind the member for Kitchener—Waterloo that under the circumstances, with low interest rates right now, what is going to happen, as all the chambers of commerce and economists are now telling us, is that because of this budget interest rates will go up. What will happen to our payments then on this massive debt?
What will happen when interest rates go up another 2%? Where will all the money come from? I would dare to say that if the interest rate goes up 2%, as most people are predicting it will, we will have a heck of a hard time trying to pay the interest on what is close to half a trillion dollars.
Let us talk about economics the Conservative way. This is how we do economics the Conservative way. Our goal is that every Canadian who wants a job will be able to get a job, that every region of the country will enjoy economic growth and new opportunities for people of other regions and to make Canada the economic envy of the world. That is economics the Conservative way.