Mr. Speaker, speaking of experts, according to Fitch Ratings just yesterday, “Canada's...proposed budget, announced in Parliament on Nov. 4, underscores the erosion of the federal government's finances...[and] persistent fiscal expansion and a rising debt burden have weakened its credit profile and could increase rating pressure over the medium term.”
This has happened before, with crushing impacts on Canadians. In the nineties, after similar rating pressure, the Liberal government of the day was forced to cut 32% from federal health and social transfers over just two years.
Does anyone over there understand the gravity of this situation?