Thank you, Chair. I didn't think I was up yet, but okay.
I want to address my questions to Mr. Rainer and Mr. Turnbull.
I can appreciate some of the areas of concern you've raised, but the key ingredient you're leaving out—and we heard this very clearly this morning from a number of economists—is the simple fact that in order to sustain some of the things you're talking about, you need revenue. I don't have the figures with me. I suspect somebody on our side will possibly bring those up.
For instance, in the period of the great recession in 2008–09, when the government enacted its economic plan, there were substantial funds given to universities. Mr. Turk, I'm sure you know that. Traditionally, the federal government doesn't get involved with bricks and mortar, but we kind of broke the rule and spent millions of dollars. Again, I'm trusting somebody on this side will give you those figures.
The same could be said for health, as a matter of fact. The finance minister has said that we would be allocating an additional 6% to the provinces and that would continue to 2017. At that time, I believe it's tied to GDP and it will not drop below 3%. We expect that to be 4% at that time, so again, it's very substantial.
Coupled with that, we have a number of situations we're headed towards. Number one, we know we're headed towards an aging population. So when you talk about health care, we know that the majority of health care happens...somebody told me once that the last year of one's life is when.... As we see an aging population, we know we're going to be spending more and more money on health care.
The problem we're seeing is that as this intensifies, we're going to be needing more and more money.
I'm going to give Mr. Rainer a chance to respond, but the one thing that disturbed me was when you suggested—I can appreciate that everybody has an opinion, and that's great, but normally when we ask somebody to appear before us, we want them to give us expert advice. I'll give you this opportunity, but when you suggest that the government is mistaken in dealing with the issue of OAS and raising the age from 65 to 67, do you have statistical data that would enforce that?
The economist who appeared before us this morning, rather than giving his opinion, quoted what the OECD was stating. Not just Canada, but all western countries have overspent, and they have a real problem ahead and they need to address it. As a matter of fact, some of them have suggested that they raise it to age 70.
Do you have any statistics, or something to support that kind of statement, to suggest that we need to move that down instead of up?