Mr. Speaker, I would tell the hon. member to look at what the International Monetary Fund has to say about the situation of our finances.
We know that the forecast for our economic growth has been reduced by 30%. The Liberal government does not have an explanation for that. If we are reducing our economic growth, we are also reducing the ability for this government to collect tax revenue. When we incur additional debt without incurring the additional ability to pay for that debt, we run into some very serious problems. In the real world they call it insolvency when one does not have the means to cover one's debt.
Yes, interest rates are low, and we can fool ourselves into thinking that now is the time to amass an incredible amount of debt that is going to look after itself. I think it was this very Prime Minister who said that “the budget will balance itself”, and that we did not have to worry about that, which seems to be the attitude I am sensing from this Liberal member.