Mr. Speaker, all we need to know is what the Liberals plan to do with the $600-billion increase to the debt limit. They want to increase the debt limit to $1.8 trillion from the current $1.2 trillion. To put it in perspective, our national debt was only $600 billion a year and a half ago, so they basically want to take the debt to triple what it was not so long ago. That is what the bill does. It allows them to do that, and they think they have no obligation to tell Canadians what they are going to spend all that borrowed money on or how it is ever going to be paid back.
The second thing we want to know before passing the bill is how the government is going to avoid leading us straight into a debt crisis. We now have a total public and private debt-to-GDP ratio of almost 400%, the second highest in the G7, higher than 41 of the 45 biggest debt crises in the last century, twice our traditional average and by far a record for our country. This is an enormous debt ratio that we have. We have now ticked all five boxes of leading indicators for a forthcoming debt crisis, and the government comes here with a bill to increase the debt further, by another $600 billion, and expects us to ram the bill through on short notice. We are not going to do that.