Minister Flaherty, other countries have set up financial stability committees, which are distinct in terms of their mandates from the FISC committees. Your own officials wanted to set up, and were working to set up, a financial stability committee and your government stopped them.
You've said recently that “This is not the time for dangerous and risky new spending schemes that will increase deficits.” Have you spoken to your justice minister about his Truth in Sentencing Act, which initially the department said would cost $90 million over two years and now has said will cost $2 billion to implement? Can you explain this revision from a $90 million cost to a $2 billion cost? And wouldn't you consider this to be a risky new spending scheme that will increase the deficit?