Mr. Speaker, I am glad the member asked that question. The deficit we had to deal with of $42 billion was left by the Conservatives. It was a huge debt. Unemployment was nearly 12%. Interest rates were in double digits. Canada was a financial basket case in the world in terms of its credit rating. We were in a horrible mess.
At the time, as a member of Parliament, I objected to the depth of the cuts, but nonetheless they had to be done. Since then we reinvested more money in students, universities, research, hospitals, seniors and housing. None of that has been mentioned. I am adding things on because in my 10 minutes I could not put in all of the things that the Conservative government has dropped, things that were on the table and agreed upon with the provinces.
The present Minister of Finance left the province of Ontario in a deficit. That is why we are talking about fiscal imbalance. The present minister not only left a deficit in the province of Ontario but he will do the same to this country that the previous Conservative government did when we took over 13 years ago.
I am sorry, but I do not think the member has a point there.