Mr. Speaker, let us discuss the economy and public finances.
One year ago, the Liberal Party came to power promising a modest deficit of just $10 billion. Six months ago, it voted in favour of a budget that will create a confirmed deficit of $30 billion.
Last week, TD Bank reported that the deficit could reach $34 billion, if not more. That is completely irresponsible. Running a deficit means making our grandchildren pay for today's poor management.
Can the Prime Minister, who is a whiz with numbers as everyone knows, rise and tell us with a straight face what we are headed for?
How much of a deficit will his government run up?