Thank you, Chair. Through you, Chair, I would just like to say that our government has taken substantive steps to attempt to educate people in terms of reducing their household debt. Mr. Chair, your own financial literacy and leadership on that has been outstanding, I may add. The finance minister has reduced amortization years' rates. All of which of course the NDP did not support.
But I would refer everybody back to....I see this as a bit of a red herring being proposed by the NDP. I refer everybody to the NDP policy platform of the 2011 election where their 5% solution, which proposed capping credit card rates at 5% above prime, would have shot household debt, credit card debt, into the stratosphere. So it's a bit of a red herring that's being proposed currently by the NDP.
We know what their solution is. It's reducing credit card interest rates to levels where people will take on more debt. I don't see the purpose of this motion being proposed by the NDP. It's a total red herring as far as I'm concerned.