Mr. Speaker, I am very pleased to have an opportunity at third reading to discuss the federal budget and specifically the implementation legislation that we have before the House today.
There is no question in my mind that I fully support this budget. I fully support Bill C-76, the implementation bill that will bring it about. I believe that the actions the Minister of Finance has taken and the actions this government has taken are appropriate and necessary.
I understand that not everybody in Canada is happy with everything in the budget. However, the important thing is that most Canadians, although there are things in the budget they might not like, realize that the action that was taken was necessary, given the fiscal situation the country found itself in.
The average Canadian out there understands what members of the opposition do not understand. That is, if we are to have the government act responsibly and if the government is to cut back expenditures, then there will be an impact on individuals. Canadians understand that and know that is to happen. Because they realize the necessity of it, this budget has widespread support in the country.
This is a good budget because in it government recognizes that it has two basic responsibilities and that both responsibilities have to be fulfilled if the country is to operate efficiently and with a social conscience. Those two responsibilities, quite simply put, are fiscal responsibility and social responsibility.
We have a fiscal responsibility. We have a responsibility as a government to operate in a prudent manner. We need to be businesslike but remember that we are not a business. We must ensure that each Canadian taxpayer receives full value for each dollar that is spent.
However, in addition to this fiscal responsibility, the government understands and Canadians understand that government also has a social responsibility. We do things not to earn a profit from doing them but because they are the right things to do. We fund medicare as a federal government not because we can make money at it but because it is appropriate to provide Canadians with medical care. We have an old age security system not to make a profit on it but because we believe, as Canadians, that it is appropriate that we collectively provide for the security of those in our society who have reached 65.
It is important for us to understand that government has this social responsibility in addition to this fiscal responsibility. It is also important for Canadians to understand, which I believe they do, although I do not think the opposition understands, that we cannot have one of these responsibilities without the other.
Before I came to the House I had a job in the private sector. I had the opportunity to work with people who were in financial difficulties. In a large sense what we face as individuals in our family budget is not a whole lot different from what the country faces today. The options on how to deal with it are frankly not a whole lot different. I have had individuals who have come to me in financial difficulty. Perhaps they bought a house that was larger than they should have and their mortgage was bigger than it should be. Perhaps they bought a larger car or a second car and went into debt more than would have been prudent. Perhaps they ran up their credit cards on things that maybe they should not have bought. At the end of the day they find themselves overcommitted financially, much like Canada today finds itself overcommitted financially.
There are a number of options you can take as a financier, just as there are a number of options the government can take. You can be, as some members in the Bloc have suggested, like the bank and
say: "Oh, you are in difficulty. You are having difficulty with your finances. I will tell you what I will do, I will just increase your credit card limit by another $5,000 so that you can go out there and maintain the level of expenditures you have always had." This might work for a month or two, but it is not going to work in the long term and it is not the fiscally responsible and for that matter the socially responsible thing to do, either as a government or as the individual banker who might be dealing with that client.
Or you can take a different approach, the approach the Reform Party has often talked about in the House in terms of how to handle an overcommitted debt situation. We can say to a person: "You are going to absolutely stop spending now. We will go down your budget and hack out. It does not matter whether you are going to have enough money to feed your family or to keep at least one car on the road so you can get to work, or whether you will be able to buy clothes or pay for your kids' education. No. The only thing we are going to think about is that you are overcommitted financially. We will cut that all out right now and at least balance your budget. You might starve and you might not have any shelter, but by Jiminy Cricket, we will have your financial situation in order".
That is what the Reform Party suggested in its counterbudget. It said we should slash everything and get it all down into a nice neat package in three years. It just does not work that way, just as it would not work for the bank client to simply cut everything at once.
There is an appropriate middle course to take. It is one we would take as individuals and one we have taken as a government. It is simple. We would come to an understanding that we have spent too much, that we are overcommitted financially and that we do need to put our house in order, but we must do it in a responsible way. In the case of an individual the debt would probably be consolidated and the payments spread over a number of years so the payments could be made according to the level of income. In time the problem would be resolved.
A fiscal regime is not imposed that is impossible to live with. The federal government has taken this approach. It is understood that our expenditures were too high. It is understood that we were spending too much money. It is making the adjustments in a gradual, prudent, responsible way that Canadians can afford.
This is the essence of the budget. It is what makes the budget work. It is why the budget is accepted across the country. Canadians instinctively understand that we have taken an approach they would have taken in dealing with their own family budgets.
I want to compliment the minister and the government for having seen clear to take this approach. We will move ahead in the next fiscal year and the following fiscal years. We will improve our financial situation and improve Canada's fiscal situation year after year. We will do it in a manner that understands our social responsibility and which maintains the social safety net for Canadians. It will maintain the Canada we have built over the last 50 years, a Canada we are proud of and a Canada which the Liberal government is committed to protect.