Madam Speaker, I congratulate my colleague on his speech, which I listened to carefully.
We understand that the Conservative Party's strategy is to not raise taxes and to reduce investments. I have another solution to suggest to my colleague. The government could make cuts in unnecessary areas. I would start with subsidies to oil and gas companies. As everyone knows, Canada is a world champion in this field, providing financial support totalling $8 billion a year. That is significant.
Second, what does my colleague think of the monarchy, which costs about $60 million a year? That would be another good place to make cuts.
What does he think about abolishing the Senate? In recent years, the cost to operate the Senate has not increased by 5%, 10%, 15% or 20%; it has increased by nearly 40%. People are not elected to the upper chamber. That is archaic. What does my colleague think of that?
It is all well and good to go after taxes, but why not cut spending on completely useless organizations and companies that make billions in profits every quarter, like oil and gas companies?