Mr. Speaker, there is no question that paying interest on burgeoning debt loads does not create jobs, certainly not in the private sector and not in the Canadian economy.
That is where the Liberal budget fails. The Liberals think that by borrowing more money they can create jobs, and yet their infrastructure investments are all slated to be pushed off, with a very small fraction of them happening this year, when they say it is needed. The Liberals are planning to spend it later, in fact most of it after the next election. That is not going to create jobs.
Meanwhile, they are burdening Canadian taxpayers with extra debt, which means taxes will have to go up. That $12 billion that my colleague cited is money that is not going into job creation programs nor is it going into things like health care, transfers to the provinces, or social programs that would help look after Canadians, when it should.