Mr. Speaker, we cannot know where we are going if we do not understand where we have been. So it is with the deficit: Canada's new Conservative deficit.
To fix it the government must be honest about where it came from. Private analysts like Global Insight and the Parliamentary Budget Officer, an officer created by the current government, all say Canada's new Conservative deficit is caused by mistaken Conservative policies.
Will the government explain what logic led it to eliminate both the prudence factor and the contingency reserve from the federal budget?