Mr. Speaker, I agree with the journalists today that describe the tack being taken by the Conservative opposition as lurid speculation. I refer to the fact that when there was last a Conservative government in this country, federal spending as a share of GDP was as low as 15.3% and as high as 18.5%. Today it is less than 12%. We have the fiscal house of this country in order and it is going to stay that way.
In the House of Commons on June 8th, 2005. See this statement in context.