Mr. Speaker, we do need to be careful. We do not want to wind up with inflation that prompts extremely excessive interest rates for our economy.
However, we also need to put things in perspective. Every country in the world has increased its debt during the pandemic. We are not alone in that. The same thing happened in Europe, Japan and the United States. In this context, our debt-to-GDP ratio is still competitive compared to most other OECD countries.
I would say that it is still more important to target the wealthy and the web giants who are not paying their fair share. We must not only look at expenditures, but also look at government revenues, which the Conservatives and Liberals unfortunately do not generally do.
Some investments provide excellent returns. If we give some households access to social housing, it frees up money for these people to participate in economic activity, join in activities in their neighbourhood, village or city and contribute to economic growth. It lifts them out of poverty, and that is good for everyone. Furthermore, providing more low-cost housing, such as social housing, reduces pressure on the market and prevents house prices from rising as quickly as they are at present.