Mr. Speaker, my colleague used the term “hamsters on a wheel” as it related to students paying back student debt. I do not think there could be any more appropriate metaphor than a hamster on a wheel when it comes to paying down the debt that the current government is taking on.
I have just a comment here from the National Post by Kevin Libin. He said:
At this rate of deficit and debt accumulation, it can only be a matter of time before the Liberals tax and spend all of us, the rich and middle class inclusively, into equal levels of misery.
On page 234 of the budget, it clearly outlines the increase in debt charges alone of $10 billion per year. I would like my colleague to explain how we can possibly get out of this hamster-on-a-wheel rotation when we continue to add to the deficit year after year with no credible plan to come back to balance.