Mr. Speaker, as an Irish descendant, it pains me to say that the Celtic Tiger did not work out so well. It was the law of diminishing returns on steroids. Ireland kept dropping the rate and that was celebrated as the solution by many of the more Conservative economists and by members who are sitting on the front bench of the government today. The solution is not working out so well. It creates a false economy. It creates bubbles. It creates things that cannot be sustained and then things like the public service gets absolutely annihilated because the revenue is not coming in.
I would like the member to know this. When the government cuts taxes while running a deficit, it is borrowing money for corporate tax cuts. That is what the government is doing. It is not $1 billion off the corporate ledger. It is $1 billion plus all of the interest payments that need to be made on that borrowed money. Canadians get the math. If people re-mortgage their house to go to Disney World, it is not $2,000 for the trip. It is $2,000 plus all of the interest payments.
These tax cuts cannot pay for themselves. The math will not work out because the law of returns is well since passed. We are diminishing. My fear is that in place of this argument around helping the economy, it is more of an ideology that simply says that those guys simply do not like the idea of government very much. They love the private sector in all cases. The private sector does wonderful things. However, the public sector is where we go to get our health care. It should not matter what is in a parent's wallet when they show up with a sick kid. If the government opposes it, we will stand in its way every day.