Mr. Speaker, on the youth employment initiatives, I guess all I will say about them is the youth of Canada will be paying the interest on the borrowed money for those for the rest of their lives.
A comment was made of importance of lower interest rates for young people. Let me say something about the lower interest rates of the government.
When I was elected I was married just after that in 1993. Being an economist by training and watching what was planned in the fiscal policies of the government, my wife and I took out a mortgage. I said lock that mortgage in today for five years because under the government we will not get interest rates this good for the next five years. Today even with the low interest rates the government is talking about one cannot lock into a mortgage at the interest rate I locked into in late 1993.