Mr. Speaker, we are trying to balance this lopsided debate. The minister acknowledges that social program expenditures have not caused the huge deficit and debt base in the country. He referred to the fact that one cause was compound interest.
Would the minister confirm that a 1991 study from his department indicated that 96 per cent of our accumulated debt since 1984 was the result of compound interest on the debt and, more important, a whole set of tax loopholes as well?