Mr. Speaker, it seems that for some 30 years it has been a good investment or a bad investment. Now it seems to be a good investment. If it was such a good investment back then, why is it in so much trouble?
Here are the facts. Canadians used to pay around 5 per cent of their salary for a $9,000 annual pension. Now the Liberals are going to charge them double for less pension. That is Liberal economics.
If young Canadians invested their pension premiums into even the most conservative RRSP, they could retire with an annual pension salary of $45,000 a year. That is five times as much as the Liberals are offering.
How does the government have the audacity to ask young Canadians to pay more for less while their own MPs' feet are firmly planted at the MP pension trough?