Mr. Speaker, the problem of money needed to rebuild and renovate infrastructure within the municipalities is not a new one. Municipalities have been short of money for this type of work for a long time.
However, the difficulty at this time with borrowing money for these projects is that this is money that will be added to the deficit and the debt and will increase the burden upon this generation and future generations to deal with the real problem of our economy, the number one economic problem of our nation, overtaxation. Every level of government suffers from that disease.