Mr. Speaker, I want to thank the hon. member for bringing forward those points and I want to thank the Bloc Quebecois for bringing forward this motion. It points to a very serious problem, the fiscal and monetary situation that Canada is in.
We have seen successive governments plunge this country into debt to the point where the members who speak on behalf of the Fraser Institute of Canada, which held a seminar here that many of our members attended, are suggesting we may be beyond the point of return in getting our fiscal and monetary house in order.
I want to thank the member for bringing a debate to this House that focuses to a certain degree on that issue. It is the greatest and most serious issue facing Canada today. The powers of the federal government, the provincial governments and the municipal governments to tax wealth away from the people is the greatest threat to the economic well-being of our families and individual businesses and so on that we have in this country today.
The unbridled power and the irresponsible exercise of that power as reflected in the governments of the 1970s and the 1980s and up until this time poses a very serious threat to the economic well-being of our future.
If those experts from the Fraser Institute know what they are talking about, and I believe they have put forward a very logical case, then the government should be focusing on this aspect of the crisis, and that is the economic, fiscal and monetary aspect.
We are looking at the signs of a tax revolt. We see the underground economy, cross-border shopping, and we ask ourselves why thousands of normally law-abiding citizens will buy bootleg cigarettes. These are all signs that people are simply giving up on a tax system that has burdened them to the point where they can no longer make ends meet and they are seeking illegal ways to get around it.
I would like to compliment the hon. member and ask him a specific question. He has answered my question partly but could he highlight the differences between the committee he is recommending and the existing public accounts committee. Would he respond to that please?