Mr. Speaker, I will be speaking to the bill in general and certainly to the amendment.
I have been encouraged by the whole process surrounding this bill, particularly by the way it was handled by the committee and the way the government listened to the concerns of the co-op members. I think the co-op sets a good example for all of us. The whole co-op structure is based on accountability to the members. That is part of the reason why the whole process works so well.
The amendments proposed to the bill and the total bill really were birthed out of concerns of the co-op management and members. The co-operatives recognized there was a need for change. They are in an increasingly competitive environment. They realized if they did not make some changes their viability was at risk for the long term.
They realized they were competing against larger entities with smaller management hierarchies and less bureaucracy. They realized they had to be more customer focused and more efficient. They realized that some investment dollars were needed in order to sustain them for the long term. I thought it was interesting that this realization caused them to actually bring forward the legislation in this bill, even to the point in our committee of fine tuning some of the amendments that we have here, to make sure there was not one thing that was not addressed.
These amendments here today were not something that the government so much brought forward as the members of the co-operatives themselves did. The management of the co-operatives brought them on themselves. This shows the accountability back to the members and that the government is listening to the needs of this industry and this group worked in this case. It was quite encouraging to me.
What I would like to see as a take-out of this whole endeavour is the lessons learned on the positive side. I encourage the government also to deal with some of the realities that Canadians are faced with and look at the model in this bill: a responsiveness to membership, a responsiveness to the people that put the directors of the co-operatives in place and the people that put us here.
I have concerns as I look at this bill and I compare it to what I see us in the House and the government doing. We talk about the fact that there is no deficit outstanding, we are hoping, yet we are sitting on a $600 billion debt and we see interest rates threatening to creep up on us. We are sitting on an interest rate time bomb. We pay $45 billion a year in interest. I was doing a calculation on this and that is enough money to put four million young people through a four year degree program at university. That is a lot of money and we pay that in interest every year.
These are all realities Canadians have to face. When I look at the co-operative situation and I look at what is happening in our government, I do not see the same kind of responsiveness here in the House of Commons. When I look at the throne speech with 29 new spending initiatives and we have that reality as far as the debt and the interest goes, it just does not line up for me and I do not think it lines up for a lot of Canadians.
Canadians are looking for us to deal with the realities that are needed in Canada today. Less government, not more. The co-operatives have demonstrated this in the management of their own operations. We do not seem to be able to do it in this House. We need to consider allowing Canadians to be heard the same way that members of the co-operatives were, to allow this government to encourage an environment where Canadians can plan for their future like the co-operatives have planned for theirs.
The problem is that we do not seem to be listening here and a lot of Canadians are pretty frustrated about that. What we get instead is what I have heard on and off in the debate in this House in the last couple of days and actually over the last several weeks.
There is a plan for the CPP that is going to bail it out they say, but it has been there for 30 years and 30 years of government management has left a $560 billion unfunded liability. The money that goes in at one end pays for those who receive it at the other. There really is no equity there to draw from, even though we have been paying into it for 30 years. There was a study done in Maclean's not long ago that 66% of Canadians do not believe it will be there for them when it comes time for them to collect. This is pretty tragic.
Instead of listening to some of the proposals we put forward and some of the other strategies that are out there in the world that have bailed out government funded pension plans and that are working, the government's answer is to increase the premiums by 73%. It will keep grinding the old engine hoping it is going to work one day. The fact is that it has not for 30 years and it is very unlikely it will go forward. Ten percent of every Canadian's paycheque is going to be going into a plan that has not worked.
What is equally tragic about this whole thing is that we are not listening. The government is not listening to the people, especially when we consider that youth unemployment is sitting at 16.5% to 17%. Here is our answer. We are going to hike up payroll taxes. We are going to hike up CPP. It is a mistake on the government's part. It will hurt the youth of this nation more than we can fully comprehend. They are the people who are keen to get out and apply their skills and energy. If that is cut off it will have negative reverberations in our country for years to come. The hope of our youth is being crushed with high payroll taxes.
In hoping to make us feel better about it, the government introduced a CPP investment board to manage the funds. Many of us have seen the results of government appointed boards. It is more of a concern than a consolation.
What Canadians really want is something like the co-operatives are doing. They want the ability to manage their own affairs. They want to manage their own money. We should remember that it is, in fact, their money.
They could do it successfully. Many people have their own investment plans, their own pension plans, which are available in other countries. Those plans have worked three to four times better than what we are seeing in government-run plans.
This would give Canadians a chance to plan for their future, just like the co-operatives are attempting to do. They are planning for their future in a very competitive marketplace.
There is another thing the co-operatives did with this very interesting bill and these amendments. They looked for a way to protect themselves and to survive for the long term. That seems to be very wise in this day and age. Canadians want to have the same opportunity to protect themselves and to establish security for their families in the long term.
It is incumbent upon government, particularly the Government of Canada, to do all it can to move that along. However, the government is holding it up. It continually says that is what it wants to do, but we are over-governed, we have a debt and interest problem, we have the highest tax to GDP ratio of all the G-7 countries. Twenty-nine new spending initiatives were announced, even in the face of that. CPP has been increased 10%. We have another government appointed board.
Those are not the answers that Canadians are looking for. We do not need more bricks on the load, we need relief, especially in the face of youth unemployment at 16.5% and using the EI surplus to pay down the debt and balance the budget. These are not the answers.
There is some hope. The hope is that the government was able to listen to the co-operatives and is responding to the needs of the co-operatives. That tells me that there is a ray of hope here. When government is ready to listen and frees itself from political patronage and influence and concerns itself with where Canadians are at, there is hope. The co-operatives are allowed to plan for their future.
We support this bill, not only for what it does for the co-operatives but for what it represents. It represents the kind of approach to government that is responsive to the voters and will bring about resolutions and improvements to serve the needs of Canadians.
Let us take this simple bill and use it as an example—