Statement made on 28 May 2009 by Senator Jane Cordy
Hon. Jane Cordy:
Honourable senators, my question is for the Leader of the Government in the Senate. In September 2008, the Conservative government assured us that there would be no recession. Then we had what was called a "technical recession." In October, we were told that there would be no deficits. In November, Canadians were promised a surplus. In January, the government reversed that surplus and turned it into a $34 billion deficit. This week, we find out that the deficit has ballooned to $50 billion.
An Hon. Senator: How much?
Senator Cordy: Fifty billion dollars. Many economists and financial experts feel that this is not even a true indication of where we may end up. All this has occurred in a short six-month period. That is half a year. To date, the government's promises of stimulus money, which promised to save the country, have barely been disbursed.
In light of all this, how are Canadians expected to have confidence in the Minister of Finance and in this Conservative government?
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