Mr. Speaker, here are the real facts: the agreement expired in October 2015, during the election campaign. The former minister had already begun discussions with our partners. We did not wait; we were already working on it.
What the Liberals are confirming is that we live in a virtual world. So what if they promised a $10-billion deficit and now are running up a $20-billion or $25-billion deficit? They think the budget is going to balance itself. They are no longer talking about a return to a balanced budget. This government is not realistic, and it is offloading today's expenditures on future generations. When will they start thinking about our young people, rather than mortgaging their future?