Madam Speaker, I full agree with my hon. colleague when he says that the bill is ominous. It certainly is.
I would point out as well that one of the greatest myths in Canadian politics is that the Conservatives are good money managers. Under the government when the Conservatives took office, the annual debt was $460 billion. It is $570 billion six years later.
The biggest deficit in Canadian history is that of the Minister of Finance, second only to the deficit of Michael Wilson, a previous Conservative finance minister, yet the Conservatives talk about how they are careful managers of the public purse. They have put us over $110 billion into debt and they have put us into deficit. To get themselves out of that, they cut core services to Canadians while giving irresponsible corporate tax cuts.
I ask one question. If we are in deficit and we have to say to our seniors that they have to work two years longer, what business does the government have giving corporate tax cuts to banks and oil companies that are making billions of dollars of profits a year, which all evidence shows does not result in the creation of jobs?
Madam Speaker—