Mr. Speaker, first of all, I would highlight this: When we look at the most powerful nations, the G7 countries, Canada is one of only two with a AAA credit rating.
Second, I would suggest taking a look at our net debt-to-GDP ratio and again contrast it with other G7 countries, where we find that Canada is doing an exceptionally good job. We might even be leading the pack on that particular issue.
At the end of the day, sometimes we need to spend money on housing and infrastructure, for example, in order to generate the potential wealth we are going to see in the future. It is one of the reasons the Prime Minister has come up with the five major projects. We will receive a new budget on November 4, and another five projects will be announced before the Grey Cup game. We are interested in developing these major national projects, which create jobs and opportunities. The five projects account for $60 billion in investment. This is investing in Canadians, which is something we are committed to doing because we know this is what it takes to build a stronger and healthier nation, which will provide more support for social programs.