Mr. Speaker, first of all, the Liberals' argument that they are not as bankrupt as the other countries is not actually true, even if it were a good argument. To start with, Canada's debt is much higher than we see in most G7 countries when we include all debt levels, both public and private, because the Liberals have indebted our households with high taxes and high inflation.
I will give a lesson to the members across the way. We have one economy that has to pay the interest on all the debt in the country. The Government of Canada does not have a monopoly on the entire GDP. The GDP has to fund interest and debt servicing for households, businesses and governments. Because the Liberal government has indebted our businesses and households to the level that we are now one of the most indebted nations in the world on a per-GDP basis, we run very real risks that higher interest rates will absolutely cripple our economy. We need a paycheque economy, not a debt economy.