Mr. Speaker, the Prime Minister once stated that the budget will balance itself. Well, he was wrong about that.
After inheriting a budget surplus of $1 billion from the Conservative government and after he promised a $10 billion deficit, his self-balancing budget policy is projected to generate a whopping $150 billion deficit over the next five years.
Since his original plan failed, he and his Minister of Finance locked themselves up in a room to rethink time and space. They emerged with a new Liberal budget.
However, anonymous Liberal sources have leaked an important aspect of the budget. They say that the Prime Minister now wants Canadians to believe that we need not worry about the deficit. Why is that? Because he believes the deficit will be big enough to look after itself.