Thank you very much.
Marc, first, I want to clear the record. You noted something about the GIS and the first time there was an increase in it. I know there have been multiple budgets prior to this budget where there have been increases, as well. So, I just want to clear the record on that.
I want to go back to looking at old age security and where the future is going to be. I fully recognize that our seniors need support now. We need palliative care. We need home care. We need a variety of cares for them, but we also need to look into the future.
Last night when I was speaking in the House of Commons regarding Bill C-44, I was talking about the debt servicing we have to do. Back in 2015-16, more than $62 billion was spent on servicing our debt. We know with the current government that there's going to be continuous debt loading on here, so we are going to see an increase, of course, in that $62.8 in 2015-16.
I recognize that there were many concerns about the increase of the age of eligibility for old age security from 65 to age 67. That is one thing that your government campaigned on and had people believe that this was the best thing. From my own experience, people of this generation thought their old age security was going to be taken away from them, although the changes to it wouldn't have started until 2023. They would still have had an impact on older sister, nonetheless, who is just 55 years of age now.
Let's look at the fact that we have to service all of this debt, spending out over $62.8 billion just in 2015-16. We know that in the future it is speculated that the ratio of seniors to workers is actually going to be two workers for every senior. How are we going to be able to continue to prioritize and have good services for all Canadians—education, health, etc.—without studying the impact of the old age security and looking at reviewing the age eligibility once again?
Is that something that you would consider in this study, knowing that a 2:1 ratio is expected in the next 12 to 15 years, and knowing the enormous debt we'll have in this country? I'm asking for the 46-year-olds of this country, like myself and Wayne.
I'm giving you a call-out there, Wayne. We know you're not 46.
I'm asking for future generations.
When we're looking at this, we have today's generation, but we also have future generations of seniors. What are you willing to do in this study? Are you willing to look increasing the old age security eligibility, knowing that these ratios are also going to be diminishing?