Mr. Speaker, today the average Canadian owes an all-time high of $1.64 for every dollar she or he earns. Middle-class Canadians are borrowing more because they are earning less. We have seen this story before. As in the United States before the financial crisis, ballooning personal debt is masking our economy's underlying weakness.
Why has the government built our economy on this unstable mountain of personal debt, and what is it doing to move us to a more sustainable footing?