Mr. Speaker, my colleague mentioned the good management of the Martin-Chrétien years. I need to remind him that was done by simply cutting $25 billion from transfers to the provinces and municipalities. The municipalities are still suffering from those cuts.
Later on in his speech he said that the fiscal management of the government was in good hands. How can actually say that when we realize that the interest costs alone between today and 2020 are rising by $15 billion per year? The interest costs per year that we will pay on our deficit will be $15 billion higher in 2020 than it is today. Yet he says that the fiscal management is in good hands.
Could he square that circle for me?