Mr. Speaker, I want to commend my colleague for a wonderful speech which, as my other colleague on this side of the House said, was very entertaining. It certainly was entertaining, but it was also very informative and very accurate.
I have a lot of respect for the wisdom of my colleague and I would like him to shed some light on this.
We have heard a lot of talk from both sides of the House about deficits. There is a deficit projected this year in the upcoming budget on March 22 of close to $30 billion. In previous governments, and in our government, we did have deficits. We think there was a deficit for a reason. I am not sure about this current deficit being projected at $30 billion in 2016.
I wonder if my colleague could shed some light on the difference between the projected deficit we will have this year and deficits of past governments.