Madam Chair, I would like to start by talking about debt that was left us by the previous government, the tens and tens of billion dollars worth of debt that was left us. We find ourselves in the situation where Canada is significantly more indebted today than it was when the previous government took power. I will remind the member that the Conservatives started off with a surplus left to them by the previous Liberal government. They quickly eroded that surplus and turned it into a deficit. At the same time, they also brought us into the lowest growth era that we have seen in decades.
Therefore, here is what we have from them. We have a significant increase in debt with nothing to show for it other than the lowest growth rate in eight decades. That is an unfortunate reality and that is what we face right now in terms of what we are trying to do. That position has led us to say that we need to make significant investments in the future, which is exactly what we have embarked on doing. There will be more details coming later this year.