Mr. Speaker, I am pleased to participate in this debate and I want to first of all say that government members often like to say that in 13 years the Liberals did not do this and did not do that which of course is utter nonsense, but the one thing that the government never says is that in 13 years we left them the strongest economic policies of any government in the history of Canada.
We inherited a $42.5 billion deficit in 1993. One-third of all of the money spent at that time by the Government of Canada was borrowed money. It was the strong economic policies of the Liberal government that created jobs that translated into an economic performance which was the wonder of the world.
I remember in 1995 it was suggested in the Economist that we were going to be the sort of basket case of the G-8 and that we might even have to go out and get a loan from the international development bank.
What happened? The Liberals came in. We re-organized and did the kind of things that needed to be done in those 13 years. When the election occurred and the current government came in, it inherited so much money it did not know what to do with it. So, it just spent it, but it has not invested it.
Look at its policies, the ones dealing with the GST. Any economists worth their salt would tell us the GST, which in this amendment I notice is missing and the NDP seems to cherry pick when it comes to dealing only with corporate taxes, costs the national treasury $5 billion to $6 billion a year. Think of the kind of money that we could be investing in terms of social programs and post-secondary education. The Conservatives are silent on that.
The fact is that they simply see the role of government being one of shrinking itself. It is not to be an agent of positive change in supporting people or giving them a hand up, not a handout as some of our friends in the corner might do.
The Liberal Party has a strong fiscal record. Let us look at the record of the current government. When it comes to universities, we have massive, growing debt for university students who come out after four years. We need to have a national conference and look at getting the provinces, the federal government and university organizations together, and look at how we can really tackle the issue of debt and investing.
When it came to the millennium, instead of building some monument, we decided on this side of the House to invest in the millennium scholarships. That was and continues to be one of the most positive programs for students across the country. We invested and created 500 chairs of excellence in universities across the country.
We kept and we brought back the best and the brightest. We do not hear those kinds of visions from the government across the aisle. That is a shame because we need to make sure that our students have the right equipment, that they are ready to compete not only at home but abroad.
In the area of corporate taxes, we were the government that reduced them from 28% to 19% and the Conservatives took a bold step of reducing them to 18.5% from 19% by 2011.
Our leader made it very clear that we need to continue to deal with the issue of corporate taxes because lower costs obviously help Canadian companies invest. We think that is very important, particularly now when the economy is starting to show some bumps on the road. We still have not heard about a national manufacturing strategy or forestry strategy from across the aisle. We certainly need to see that.
We see that unemployment is back up to 5.9% which is the latest statistic. We never hear government members talking about investing in our cities. I certainly have talked about that over the past. They say what a wonderful job they have done on cities. I guess FCM said that it was extremely unhappy about the fact that the government was recycling half of the so-called $33 billion from the building Canada fund and that in reality the mayors and councillors should be happy. We know that because the government told them to stop whining.
The federal government said it does not deal with potholes. I have not heard that kind of comment in over a decade. As a former councillor and former president of the FCM, I thought this was back to the future. I could not believe that we were hearing that kind of rhetoric.
Obviously, cities need to be vibrant. We need to invest in roads, bridges and sewers and deal with waste management and those kinds of things, but we also need to invest in those post-secondary institutions in our major cities. We need to make sure that we have an innovation agenda. Under the previous government, we had a very strong innovation agenda. We do not hear innovation from across the aisle.
We have an amendment before the House that deals with only one aspect of taxes. We know about dealing with taxes because we brought in the largest tax cut in Canadian history in 2000, the five-year $100 million tax cut.
There is no question that we need to attract investment in this country. We need to have a vision and say to the world that we are open for business and prepared to welcome those companies that are on the leading edge. That is why corporate taxes are important.
I certainly believe in foreign investment. There is a difference, of course, between foreign investment and foreign ownership.
Sometimes across the aisle the Conservatives talk about the GST, the terrible tax. The reality is that consumption taxes, as any economist will tell them, are not the way to go. Even the Fraser Institute told them that. The CAW told them that, but they know better. When my constituents are buying a pair of blue jeans, I am sure they are delighted to get a 1% reduction, but not too many people are buying yachts or luxury vehicles, which is where they would actually save money.
Again, the government talks about economic vision. We have a Minister of Finance who brought Ontario to its knees with a $6 billion deficit when he was the minister of finance there. It is not surprising that we do not have the kind of vision that we really need when it comes to dealing with the economy and with real issues.
We have heard before about health care. We have heard about the lack of progress on wait times. Again, there is a failure to lead. The Conservatives talk about 13 years, but in the almost two years that they have been in office there has been a failure to lead and a failure to provide a vision to Canadians.
The Conservatives said that we would have peace in our time with the provinces, but now what do we have? They had more provinces angry with them after the budget than they did when they went in. Clearly, they do not understand.
It is a small government. It is a government that believes in reducing the role of the national government instead of saying that we can be leaders, not only at home but abroad, and work with our partners. The provinces are out there are saying they need to deal with these issues in a collaborative way, but for them it is the highway or no way. That seems to be what the Conservatives like to put forward.
The Conservatives spend all this money and yet they fail to invest. Canadians are not bribed: they know that these people do not have the ability to deal with crumbling infrastructure, nor do they have the ability to deal with the issues on innovation. Therefore, this is of grave concern.
When the next election occurs, whenever that occurs, we are going to see a very pronounced difference between this side of the House and that side of the House when it comes to leadership, when it comes to investment, and when it comes to understanding our cities, our communities and our rural areas. Again, there is a failure to lead.
Immigration is another issue. More and more of our workers will come from abroad, yet again there is a failure to lead on that issue. There is a failure to create that kind of collaborative role with provinces and municipal governments in order to integrate foreign workers. Again, it is a failure.
One simple example of just not being prepared is the passport issue. We saw tremendous lineups. Why? Because the government failed to prepare. The Conservatives knew they would need to have extra people to be online and to support the thousands of applications, yet again it was a failure to lead.
I get tired of hearing that side of the House saying that we did not do this or that. The reality is that we did a heck of a lot. The Conservatives need to look in the mirror. They need to look at what they have not done and at what they have not delivered. They continue to talk about the past. They are in government. They need to start leading, but maybe that is too much to ask of a government which really believes that we should be smaller and less involved in trying to promote this country, both at home and abroad.