Madam Speaker, referring to our Prime Minister and his budget, he says:
[His] budgeting is impeccable in its caution. By 2015-2016, Canada will have reduced both spending and debt to pre-recession levels. Nobody else on earth will be able to say anything like that.
The key in balancing the budget is, well, balance. When the crisis hit, the task was to provide just the right amount of economic stimulus: enough to keep the economy going, but not so much that the country's economic crisis slipped into the debt crisis that plagues the eurozone. Now the trick is to reduce the deficit, but at a rate that will not plunge the economy back into recession. This second task is especially tricky because it requires not only sound judgment but something even rarer in politics: discipline.
There is a famous experiment in which kindergarten kids are presented with a marshmallow. They can eat it right away, but if they wait just 10 minutes, they can have two marshmallows. It is amazing how many kindergarten kids are able to recognize the principle of restraint, the principle that making a small sacrifice now for a big payout later makes sense. The opposition does not seem to share that sense of foresight.
There is no avoiding the fact that if difficult decisions are not made now, even more difficult decisions will be unavoidable later, or, more accurately, they will not be decisions but inescapable consequences, and they will not just be difficult, they will be devastating.
During the several pre-budget consultations I held across my riding, the general consensus was support for this disciplined and balanced approach to managing the country's economy. People also believed that the majority of the deficit reduction savings could and should be found by eliminating waste, duplication and inefficiencies in virtually all government programs.
I am happy to say that 70% of the expected savings come from eliminating government waste, and it is not all cuts. My constituents, along with the majority of Canadians, said that we should invest in economic growth and job creation, research and innovation, infrastructure and development, education and skills. Our budget places a strong emphasis on all of these areas.
Some of our opponents criticize us for focusing so much on the economy. They say that all we care about is money, but then they follow up with a demand that we take somebody else's money to fund their favourite project.
Members may ask why the economy is our priority. It is for two main reasons: first, it is the priority of the vast majority of Canadians. It is their priority for the second reason, which is that in this day and age, things cost money.
We all love our health care system. We love our education system and our roads, libraries and parks. We want to support our veterans, seniors and those who stand in need. We want to live in safe communities and in a safe world. That is why, since we were first elected in 2006, our government has been focused on creating jobs and economic growth. That is why ultimately our goal is to ensure long-term prosperity for all Canadians.
As the Minister of Finance said:
We see a Canada, whose wealth, while immense, will be measured ultimately in the greater happiness and security of its people.
This is a good budget. Because of it and because of our budgets that have preceded it, we can see in the distance every reason to hope. We see young Canadians confident in their future, retired Canadians secure in their senior years, aboriginal Canadians realizing their vast potential and new Canadians strengthening our country as they have done in every generation. We see every region of the country more prosperous than ever in our history. We see Canadian businesses and universities coming up with things that no one has thought of before, leading to new opportunities and a better life for Canadians and for people all around the world. We see Canada for what it is and what it can be: a great, good nation on top of the world, the true north strong and free.