Mr. Speaker, actually nothing could be further from the truth. The fact of the matter is this. Obviously, as we all know, we have had to run a deficit over these past couple of years.
That said, the deficit of this country is by far the lowest among the major advanced economies. That is one of the reasons why we are coming out of this recession faster and stronger than anyone and why we will continue to resist the wasteful kind of expenditure and tax increases suggested by the Liberal coalition.