June 7, 1993 (34th Parliament, 3rd Session)


John Horton McDermid (Minister of State (Finance and Privatization))

Progressive Conservative

Hon. John McDermid (Minister of State (Finance and Privatization)):

Madam Speaker, the Minister of Finance has been very, very responsible in his presentation of financial statements and budgets over the past couple of years and in fact brought forward an infrastructure program to deal with our national transit system.
It was a modest program. The Minister of Finance has said that many times as others in our caucus have said. It is a modest program, but it is one that the government felt it could afford in the times that we are in.
The hon. member stands up and says that we should be throwing $14 billion, or whatever it is, at a highway program. What he fails to say to the people of Canada is
Oral Questions
where the money is coming from. He knows it will come from two places: either we borrow it or we raise taxes.

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