Madam Speaker, the danger with deficits is that they become chronic. A deficit increases the debt, and we are working for future generations of Canadians. We do not want to impose a heavier fiscal burden on our children and grandchildren. It is important to eliminate the deficit, and we have a plan to do so. In 2014-15, Canada will no longer have a deficit. The proposal we made in our most recent budget was analyzed by all Canadian economists and found to be very credible. But, it is going to be difficult. We will have to analyze every program and make decisions. When there is no money to pay for a program, we will have to make the necessary decisions. Our government has the courage to make these decisions on behalf of future generations.
In the House of Commons on June 22nd, 2011. See this statement in context.