Mr. Speaker, I am pleased to address the issue. From 2006 to 2008, Conservatives paid down approximately $30 billion of the debt that was owed.
There was something called a global recession. At the time, the former minister of finance presented a five-year plan. He presented it and said that in the global recession, we were going to have to spend a specific amount of money. Then he brought us back to a balanced budget within five years. Conservatives did exactly what we presented to Canadians.
I would like to contrast that with the Liberals, who, when they ran for office in 2015, said they were going to have a little deficit for a short period of time and that in 2019 the budget would be balanced. What happened?