Mr. Speaker, the Parliamentary Budget Officer estimates that cost overruns for the F-35 fighter jets will total approximately $12 billion. It seems that we will have to shell out $29.3 billion, not $16 billion.
The report also highlights the absolute lack of guaranteed industrial and regional spinoffs. This is not surprising. Since there is not even a contract, there cannot be any guarantee that jobs will be created.
How can the Conservatives justify spending $29 billion without any guarantee that this will generate economic spinoffs and create jobs?