Madam Speaker, it is not correct that I was heckling during that response. I did not heckle, and I want that to be noted for the record.
With respect to what the hon. member said, I could answer his consideration in three words: global financial crisis. That is something the member clearly has forgotten about. It is gratifying to hear that he did not support the previous government. I would have expected as much.
However, here is the reality. Canada went through the worst global financial crisis since the Great Depression. We made timely, targeted, and temporary investments in fiscal stimulus. His party wanted more spending at every stage. The Liberals said more spending and they wanted permanent new spending. We said we needed to be targeted and temporary and focused in the way we stimulated the economy. Everybody agrees except the party opposite. Even the New Democrats supported a motion to this effect. Everyone agrees that Canada was brought back into balance before the election. We had a balanced budget. We came out of the recession earlier than other countries. We did better than other countries.
The member may think what he likes, but he talks about these issues as if there is some equivalency between running a deficit in the 2008-09 period and then the Liberals' decision to run a massive budget deficit in this fiscal period. We are not in a global financial crisis. We are—