Mr. Speaker, business analysis includes a general ledger and a balance sheet. The previous government added $154 billion to our debt, yet the balance of trade went from a $54 billion surplus to a $13 billion deficit. Exports are down and economic growth was anemic in the Conservatives' term.
Businesses can sometimes make the bank balance book look a bit better by delaying payments owed to others or by taking on additional debt. The previous government did both.
Would the hon. member admit that the snapshot of the bank book as of the end of November includes deferred payments that were not made for programs such as veterans affairs, EI, seniors programs, and education for first nations, and I could go on?