Mr. Speaker, the indulgence of one becomes the burden of another through excessive taxation. The excess of one generation becomes the yoke of the next through government borrowing. The profligacy of one nation becomes the hardship of another through international bailout. Everybody takes, nobody makes, work does not pay, indulgence does not cost, money is free and money is worthless.
Such is the sumptuous Euro welfare state that has led nine euro currency countries to be downgraded, including Portugal and Greece, which now have debt levels that are considered junk status by all rating agencies.
However, no worry. The NDP wants Canadian taxpayers to come to the rescue with a multi-billion dollar international bailout.
The NDP's policies have led to the kinds of consequences we see in Europe. Canada acted responsibly with low-debt, low-tax and low-cost government. That is why we are not in that situation. Canadian dollars will stay in the Canadian economy to create Canadian jobs.