Mr. Speaker, I was delighted to hear the member opposite recognize that the luxury tax on planes and boats was a disaster for his government, because Conservatives had said that. It appears the government also understands that the consumer carbon tax was a disaster, and it reversed position on that. It was a disaster not to build LNG and pipelines, and it looks as though the government is reversing on that.
Does the member not recognize that the spending of the government over the last 10 years has driven up inflation? The Parliamentary Budget Officer says that it is like pouring fuel on the inflationary fire.
Would the member not agree the $78 billion announced in spending is just going to drive interest rates and inflation up again?