John McKay at the Finance Committee

On March 25th, 2009. See this statement in context.

March 25th, 2009 / 4:20 p.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

Slide 15, yes; I'm looking at it. You have $38 billion in 2009-10 and $35 billion in 2010-11.

One thing that has always concerned me is that when you see the unemployment rate accelerating and the level of employment decelerating, you get a double-whammy effect: you have a citizen who's no longer contributing taxes and you have a citizen who's drawing, in some cases at least, EI. Have you calculated into your revenue projections that double-whammy effect?

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