Mr. Speaker, this problem in terms of the baby boom generation coming up and creating a bulge in the Canada pension plan is something that has not been hidden from anyone. It is something which has been obvious for years. The whole idea of the baby boom population burst has been talked about for at least a decade, certainly within my frame of reference.
However, the party across the way and the government have both been responsible for the boondoggle that has happened with regard to the CPP. The way they set it up was intrinsically flawed. It was set up as a pay as you go system rather than somebody's individual earnings and payments going into the plan to look after them in their retirement. It is a pyramid scheme.
When they were in government did they not realize this was coming to fruition? Did they not see these things?