Mr. Speaker, there is an important point that needs clarification in tonight's debate. The banks have been used as a model and have been upheld as making the right decisions, but I was here in the chamber when John Manley and the then Alliance tried to actually Americanize our banks. It is important to point out that the stability is here today because of a campaign to push against that and prevent it from taking place.
It is important to look at the fiscal capacity of Canada and the process we are doing right now. I would like the member's opinion. Is it because of the Liberals and the Conservatives voting earlier to make large corporate tax cuts, and it is interesting that the Liberals are now opposed to this, that we are actually borrowing money to do that and paying interest on it, similar to the HST, where there were $6 billion of expenditures federally to implement this new tax on Canadians? We will have to borrow for that and pay interest on it. I would like the hon. member's comments on those two issues.