Mr. Chairman, I give up. I am obviously not going to get an answer that I think the workers and employers of Canada want to know. What will be a target for the accumulation of those funds? I never get an answer to that question.
I would like to turn to another one. Between 1993-94 and 1997-98 the deficit in Canada will have gone down by exactly $25 billion. I congratulate the government for this achievement. However, I find when I look at the extent to which revenues increased in Canada, including those coming somewhat questionably from the unemployment insurance fund, revenues during this period will have also increased $25 billion. Part of that increase has been taking place as a result of 22 separate and different tax increases.
In other words, the government over its mandate is planning to reduce the deficit by an amount exactly equal to the amount of increased taxes extracted from the people of Canada.
Whenever I tell this to Canadians they say that they are horrified. They say: "What happened to all the spending cuts that the government has undertaken that are hurting me so badly?" I say: "I looked in the budget. There were $14 billion worth of spending cuts". They say: "I don't understand this. What happened to those spending cuts? How come they did not result in a lowering of the deficit? Where did it all go?"
Please answer to Canadians what happened.