Mr. Speaker, yesterday, National Bank economists announced that the federal deficit will reach $50 billion in the next two years.
It is disappointing that the current Minister of Finance still believes in the old Keynesian theories whereby more government spending will lead to greater prosperity and that he is still applying them. Canadians know that spending more money will not make our country wealthier.
Why is the Minister of Finance applying old theories and getting the government into more debt? These deficits will not create wealth.