Mr. Speaker, once again, I thank my most loyal fan across the way for asking the first question today.
I want to remind everyone of the Flaherty principle, which really does work. Flaherty's principle is that as we reduce taxes, overall revenues increase. That is why when we were government, we were able to lower taxes and grow jobs and the economy at the same time. In fact, we saved the average family of four $7,000, the lowest tax rate in over 50 years.
Let us not forget what has happened just this week. It is not just the oil sands the government is shutting down. Now, and we are seeing it at GM, it is beginning to shut down the industries that are related to and use fossil fuels. This is only going to compound the problem. The debt it is racking up is going to cost even more.