Yes. I am not averse to expanding the CPP. I would do it by taking the earning ceiling up, not by taking the 25% up. But here's the thing: any extension of the CPP now, in order to treat the children fairly, has to be fully funded.
You should ask the question. If the existing CPP had been large and fully funded, it would have had $2 trillion going into 2008. That's what a fully funded large CPP would have looked like. It would have lost $400 billion in 2008. That's what would have happened. There would have been pain. So as for the notion that when the bad years come along there won't be pain if we set up the big asset pool in the QPP and the CPP, there will still be pain.