Mr. Speaker, less than one year ago, the Deputy Prime Minister stood in the House and said, “We are absolutely determined that our debt-to-GDP ratio must continue to decline and our deficits must continue to be reduced.... This is our fiscal anchor. This is a line we will not cross.”
That is a promise made and a promise broken. The big spending budget yesterday would add $4,300 a year of spending and debt for every household in Canada, and it increases the debt-to-GDP ratio next year. Why does the government continue to make promises it has no intention of keeping?