Madam Speaker, I want to put that into perspective. The new debt the Liberal budget has put on is going to cost more than $40 billion a year just to service that new debt at the current rates, so imagine if interest rates go up. That is two years of health transfer payments to the provinces. Health transfers to the provinces could be increased substantially, not to mention other very important social service programs, but unfortunately we will not be able to afford those things in the future. Imagine what $45 billion a year could do if we were not having to spend that money servicing new Liberal debt.
In the House of Commons on May 6th, 2021. See this statement in context.