Mr. Speaker, I would like to take this opportunity to put forward a proposal to help the Minister of Finance combat the deficit. This idea evolved from a town hall meeting at the Green Briar Senior Citizen Community Centre in Alliston.
These constituents suggested the issuance of a deficit bond which would enable the government to buy back foreign owned debt. This would be similar to the war bond concept used during World War II.
These senior citizens expressed their concern for the deficit and the impact it will have on future generations. They have also expressed their willingness to help the government in deficit reduction.
I urge the Minister of Finance to seriously consider this constructive suggestion as a means to curtail the deficit.