Michael Savage at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On May 1st, 2008. See this statement in context.

May 1st, 2008 / 9:25 a.m.

Liberal

Michael Savage Liberal Dartmouth—Cole Harbour, NS

I see.

Let me ask you about the $2 billion that's being transferred.

In the last number of years the EI fund has had its annual surplus and/or deficit, and we all know the discussion of the accumulated surplus being some $50-plus billion. In 1991-92, there was in fact a deficit in the EI account of almost $4 billion; in 2000-01, there was a surplus of over $8 billion.

How did you come up with the $2 billion? Would it not make more sense to transfer a larger sum of money to the new corporation?

See context to find out what was said next.