Members of the committee, do you realize that the employment insurance fund is currently in deficit? Do you understand that we do not have the billion dollars needed to fund Bill C-50? The money will have to come from the Consolidated Revenue Fund. Do you understand that the billion dollars needed to fund the extension of the benefit period for some recipients simply does not exist? Economists estimate that the employment insurance fund is currently running a deficit of approximately $4 billion.
On October 29th, 2009. See this statement in context.