Mr. Speaker, I have a great deal of respect for my colleague. However, we disagree on this issue.
Canada's fiscal situation is a very important reality for the House and for our country.
Canada right now, if we look at the G7 countries, has the lowest deficits, has the lowest debt, if we use the debt-to-GDP ratio as the key metric, which we should. The IMF is clear on that, that this is the key metric to look at.
I would look back to previous Conservative governments which, far from balancing budgets, have only run up deficits and added to the debt.
It has been a fiscally responsible approach and we will continue with this. We have a very proud record to look at.