Mr. Speaker, my hon. colleague was in the House when the infamous fiscal update was delivered at the beginning of the largest recession since the Depression. The Minister of Finance said that Canada was not in debt, but according to the Parliamentary Budget Officer we were already starting to slip into billions of dollars in debt. The Conservatives' solution to the threat of Canada joining a world depression was that they would sell off public buildings and have no stimulus. That, of course, precipitated the situation where the other parties expressed clear lack of confidence and the Conservatives were forced to turn around. Within a month, they came back and we were suddenly $30 billion to $50 billion to $60 billion in debt. I do not think anybody in history has spent money as fast as they have done.
Why should we have any faith in the Minister of Finance who one month said Canada was not going to be in debt at all, that we were going to ride out the crisis, and within two months the Conservatives were spending what they said was $10 billion but they wracked it up to $50 billion in about six months? The Conservatives still have not explained how they are going to get us back to an economically fiscal plan. Their numbers seem to be in contradiction to everything we hear from the Parliamentary Budget Officer or anything we hear from the private sector.
Could my hon. colleague explain?