Mr. Speaker, some of the most frightening data to come out recently came out this week with regard to the seven-year high in non-mortgage credit defaults. In simple terms, that means people cannot pay their credit card bills. They are up to their eyeballs. They cannot pay their bills, so they are putting them on their credit card. Then they cannot pay the credit card bill. Then they cannot pay the interest. This problem compounds on top of itself.
We would expect the government to take urgent action to unleash our private sector to create jobs and relieve the burden of our workers. Why did it not do that just in time for Christmas?