Mr. Speaker, I would first off remind the Minister of Finance that the Canadian Institute of Actuaries and almost all employer organizations, including the Conseil du patronat du Québec, are today calling for a separate account for unemployment insurance, separate from the government's revenue and expenditure budget. He seems to have forgotten it at the moment. He is talking about 1988; he should be looking at 1995.
The Minister of Finance has made the unemployed carry a major portion of his cuts to program expenditures and he is now saying that, to reach his new deficit reduction targets by 1997-98, he has to make additional cuts of several billion dollars.
With the Minister of Finance clearly indicating yesterday his intention to go after old age pensions, are we to understand that, as of next year, the brunt of the additional cuts will fall on current and future recipients of old age pensions?