Mr. Speaker, in their 10 years of governing, the Conservatives added about $155 billion of new debt to Canada's total debt. They basically ran deficits every year after inheriting a $13 billion surplus when they came to power. So, nice job, gentlemen.
In my years of experience working on Bay Street and Wall Street, one of the measures that many of us have looked at was the debt-to-GDP ratio. That ratio is around the mid-thirties right now. We intend to keep it in that area and for it to decline on a year-over-year basis. That is a proper measure.
I would add that we inherited not only a fiscal deficit but also an infrastructure deficit and an educational deficit, and that we had to invest. We had to invest in social infrastructure and green infrastructure.