Mr. Speaker, I want to quote something from that fine old socialist newspaper, The Globe and Mail, which said:
Once the world gets past the worst of the pandemic, and growth returns to more normal levels, the economies in most industrialized countries should expand substantially faster than the interest rate on their debt. This means the size of their government debt should shrink steadily as a portion of GDP. In Canada, for instance, it makes perfect sense to borrow at 0.7 per cent (the current yield on 10-year Canada bonds) to support an economy capable of growing at 3 per cent or more.
Given that our debt service costs today, with the additional deficit, are $4 billion less per year than they were in the fall of 2019, how does the hon. member justify the alarmist narrative that he has been delivering?