Madam Speaker, I do not agree.
First, there is the historical context. In 2007, 2008 and 2009, we ran controlled, reasonable, and responsible deficits in response to the biggest economic crisis since the depression of the 1930s.
Interestingly, we had fantastic results because in 2011, 2012, and 2013 we posted the best outcomes in the OECD: over 1.2 million jobs created, the best GDP, and the best economic growth of OECD countries.
As well, in November 2015, we left a $3-billion surplus, which was confirmed by Department of Finance officials.