Mr. Speaker, first of all, we are in very turbulent times globally. Canada has performed very well on the world stage. In fact, our net debt to GDP ratio is 35.8%, the lowest among the G7 countries, with Germany being the second lowest at 58.4%.
We are doing well, and we are doing well relative to the rest of the world in a very difficult time. I am quite pleased that without raising taxes we will be able to eliminate the deficit by 2015.