Mr. Speaker, we would not have spent $4.5 billion to buy a pipeline that cannot be built. We would not have spent hundreds of millions of dollars to build pipelines in places like Azerbaijan, instead of getting our product to tidewater here in Canada.
With respect to the fiscal record of the previous Conservative government, let the record show that under that government a historic amount of money was repaid in terms of debt, more than $40 billion. The previous Conservative government guided Canada through the biggest economic downturn since the Great Depression, creating more than one million jobs, the best economic growth rate in the G7 and a balanced budget that the current government has blown.