Mr. Speaker, I was talking about consumer debt related to credit cards. What matters most is the relationship between consumer debt from credit cards and deficits accumulated during periods of economic growth. When one has consumer debt, it is important to pay it off before taking on more. We already have a huge debt, and the leader of the Liberal Party wants to increase the deficit and put future generations further into debt.
We, however, think that Canadians are responsible. When they have credit card debt, they want to pay it off first in order to enjoy life. As the saying goes, “He who pays his debts grows rich.” That is what matters. That is what the federal government is doing and what families are doing.
We are encouraging people to save using tax-free savings accounts. This allows Canadians, once they have paid off their debts, to accumulate wealth and save without paying taxes.