Madam Speaker, inflation does represent a significant threat to our economy and to Canadians right across the country because as inflation grows, interest rates typically follow. That is something every family who has a large mortgage needs to be concerned about.
My colleague is also right in that the best way to address a recessionary economy, a large budgetary deficit and a massive, growing debt is to grow the economy. What we can do is cut spending, which I do not believe any of the parties in the House of Commons are talking about; increase taxes on Canadians, which is what the NDP, the Bloc and the Liberals always propose; or grow the economy, thereby finding a way to manage the debt and start to return to balanced budgets, at least in the long term.
Given the massive debt we have now incurred, growing the economy is the best way forward. One thing the Conservatives will not do is increase taxes on Canadians at such a difficult time.