Madam Speaker, I know the member did touch very briefly on the issue of fiscal responsibility, but it is that area I want to discuss with her.
A couple weeks ago when the finance minister made her speech, she basically said, and I am paraphrasing, that it would be irresponsible not to incur more prospective debt because interest rates are so low. I know this morning the headline on CNBC is that the 10-year Treasury yield in the U.S. has risen amid inflation fears.
Last week, U.S. Secretary of the Treasury Janet Yellen said she was concerned that interest rates might have to go up because of inflationary concerns. The Minister of Finance in New Zealand, who is a Labour minister, also recently said they will move to reduce debt and return to surplus as a responsible government should.
Given all of this, why is the Liberal government not following suit and taking heed, with respect to the possibility of inflation and interest rates rising, by bringing in fiscal anchors and a plan to get back to balance?