Mr. Speaker, there is very little about the member's speech with which I would disagree. We are, so to speak, on the edge of a structural deficit. She went through the same election I did, as did we all in this House, and she will recollect the Minister of Finance saying under no circumstances would he ever be the minister of deficits. He repeated that many times.
In fact, the Prime Minister backed up his finance minister. Then they produced a fiscal update which was pretty well an insult to this House. Then they did a major backpedalling and somehow or other we went from a modest surplus to an enormous deficit in the course of 60 days. Now they are projecting that in five years we will be out of what I would argue is a structural deficit--