Mr. Speaker, I would like to take this first opportunity to congratulate all my colleagues on their election and to thank the people of Mégantic—L'Érable for the trust they have put in me. I rise today for them. I know they have concerns.
They are concerned that the government is unable to explain who will pay for all the spending announced during the election campaign and in the Speech from the Throne and repeated yesterday by the Minister of Finance and the Prime Minister, not to mention how.
The tax cuts will cost an extra $1.2 billion. Yesterday, Canadian families learned that they will lose half their sheltered savings room in TFSAs. As we say back home, the Liberals have bitten off more than they can chew.
For the sake of our future generations, I hope the government will find its calculator again and put our country back on track to balanced budgets as soon as possible.