I dont think Looger was arguing that Canada is in a bad financial situation now, but that it would be under an NDP government.
The NDP preaches to the lazy nature of mankind. Why should you work hard to better your situation when the government can give you everything it claims you need? The only price is that you have to give up all your money. But that's okay, because the government gives you everything you need! And since you get it anyway, why should you work hard?
An oversimplification, but the NDP has a very, very arrogant belief that it knows better than we do what we want and need, and it has no problem spending our money on it. This is clearly displayed by Jack Layton, who has repeatedly had the gall to stand up and call his pet-projects "what Canadians want", even though Canadians have resoundingly rejected what he and his party stands for.
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