Mr. Speaker, the Prime Minister announced during the election campaign that he would run small deficits of $10 billion a year. At the current rate, the deficits will be $25 billion a year. Initially, that was supposed to be for only two years, but now we are told that it will be for an indefinite period.
The Prime Minister is showing yet again that he is utterly incapable of managing taxpayers' money responsibly, and it is our children and grandchildren who will pay the price.
My question is simple. Can the Prime Minister tell Canadians, once and for all, when we will return to a balanced budget?