Madam Speaker, when the Liberal Prime Minister split the costly Liberal deficits into so-called operating and capital spending, experts warned that he would use this to cook the books, and last week, the Parliamentary Budget Officer confirmed exactly that. The PBO says that the Prime Minister's new so-called capital definition is overly expansive, violating international standards, and that it hides $94 billion in spending that would never be counted as investment in other jurisdictions.
In the private sector, when finance and accounting definitions are changed by management, it is a red flag. Even after the goalposts were moved, the PBO found that there is only a 7.5% chance that the Prime Minister would meet his own fiscal anchor. In other words, after all the spin, there is a 92.5% chance that the deficit-to-GDP ratio is going to worsen.
After breaking every promise he made to Canadians, how can the costly Liberal Prime Minister look families in the eye and pretend that he is spending less, when the PBO just exposed the truth, which is that he is manipulating Canadians and that Canadians are left to pay the price?