Mr. Speaker, the Conservative Party has nothing to apologize for when it comes to fiscal responsibility. Indeed, when the Conservative Party formed government in 2006, it set out to pay back the largest amount of debt in Canadian history. It was the sum of $38 billion in the repayment of the national debt.
There was, of course, the recession of 2008-09 and my hon. friend is correct, there were deficits run at that time, but they were short-term deficits based upon short-term stimulus spending that allowed the Canadian economy to recover at a faster rate with stronger growth than any country in the G7.
We then returned the budget not only to balance in 2015, but in fact there was a surplus. That is what has been confirmed by the PBO and it has also been confirmed by the Department of Finance. I do not know what the hon. member is talking about, but again, we certainly have nothing to apologize for on this side of the House when it comes to fiscal responsibility.