Madam Speaker, it is a real pleasure to stand in the House today to address the request of the government to borrow $28.9 billion, something that has become an extremely bad habit that the government must soon break before it breaks the country.
It is very important to put that $28.9 billion in perspective. As people in the House know, but perhaps the public is not aware of it, we have a debt today of $551 billion. It is one of the highest debt to GDP ratios in the world. We have huge problems with respect to the amount of overspending we have done over the last 22 years. I would point out that over that period of time mostly Liberal governments have been in place.
It is even more discouraging that the government has set a goal for itself: to spend another $100 billion more than it takes in during the four years before its mandate is up. We will have a debt of over $600 billion before its mandate is up. I find it shocking. I find it alarming. However, the government has put that into its plans. It says that somehow it is a good thing and the rational way to proceed. I reject that.
Let us talk about what happens to an economy when a government continues to overspend day after day and year after year. I invite hon. members across the way to look at what has happened to the unemployment rate and compare it to the rise of the debt and the deficit. They move in parallel courses, both rising upward very sharply. I find that quite alarming.
I invite members across the way to note that tax levels have rocketed upward with the debt and the deficit. That impedes the ability of the economy to produce jobs. By the way, I point out to my friends across the way that governments do not produce jobs. Business does. When they take credit for 450,000 new jobs being created, it is an insult to the business people who work everyday to make a living, to make a profit to support their families.
A country is a lot like a river. There is a tremendous amount of power in a river when it shoots down a river valley. It can produce a lot of good when there is a water wheel or a turbine in that river; as the river goes rushing by it produces a lot of energy. There is a tremendous amount of good out of that.
Governments are a lot like dams. The good governments are very small dams. Mostly they allow the river to keep flowing, to push forward to the sea, its ultimate goal. The bad governments are the very big dams. Those big dams are constructed when governments continue to overspend and overregulate. They
build the dam up bigger and bigger. Pretty soon the river quits flowing and the economy as a parallel stops.
We now have a huge dam on the river. We have a lot of water sitting dormant. I equate that to all the potential productivity in the country that is not fulfilled because it has to sit there. Then there is the water that evaporates from the dam. I would equate that to all the people who have left the country. I am talking about people with high skill levels and lots of capital who can go to other jurisdictions. Many of them have. We see doctors fleeing across the border. We see businesses running across the border. I admit the NDP government in Ontario has not been a big help; it has contributed to the problem.
We also see a lot of the water ending up in a backwater in sloughs. I equate that to people stuck on social programs who see no hope coming forward because the government has created safety nets that are more like fishing nets. People get caught in them and are unable to escape.
Unfortunately the human resources development minister has failed completely to come up with a new way to provide social security for people while at the same time not remove incentives to work.
The final thing that happens with a big dam is that eventually trickles of water start to undermine the dam or go around it because they flow up over the riverbank. I would equate that to the people who have joined the underground economy and are continuing to pursue their dreams in spite of the government and not because of it. More and more of that is going on all the time.
The last subject I want to talk about is my children and everybody's children. I phone home at night and talk with my youngest little boy who is six years old. I hear his little voice on the other end of the telephone line. I find it very exciting. I sit and talk with that little twerp for a few minutes about how his day was and what kind of aspirations he has. I talk with my 10-year-old about the same sorts of things. I find that very uplifting. At the same time I find it very sad.
Like everybody in this place and like Canadians everywhere who have hopes and dreams for their children, grandchildren, nieces and nephews, I get discouraged and angry when I hear that the government is planning to load another $100 billion on to the backs of those children. Government members laugh about it. They sit there and laugh about it like they are doing right now. That makes me fighting mad.
I am telling members across the way that if they continue to do this they will have to bear it on their consciences. It is a big joke to them. They sit and laugh about it. However, Canadians do not laugh about it. They will pay a huge price the next election when they have to explain how they can justify adding $100 billion to the debt, driving people out of the country, driving jobs out of the country and destroying the social safety net.
When will they have the guts to do the right thing: start cutting, get the economy back on track and get a handle on the debt and deficit? I can hardly wait for them to stand and challenge me on questions and comments because I have some questions of my own.
Government members sit there blithely joking about the fact they will borrow another $28.9 billion. I hope they can explain it next week to their constituents who have children like I do and like most of the people in this place and are wondering how in the world they can pay back those bills after 22 years of overspending.
I appreciate the chance to talk to government members about this matter. I truly hope they get the message not only from me but from taxpayers across the country who are fed up with 22 years of overspending.