Mr. Speaker, it is interesting that this junior minister talks about having the support of all the provinces on it.
In 1965 Mr. Kroeker stated that the Pearson government simply lured the provinces into the CPP by offering them loans from the fund at amazingly low bargain basement interest rates. No wonder they are keen on the project.
Thirty years later in the 1990s this government is doing exactly the same thing with the provincial governments. Using the CPP as a cash cow for governments was a lousy idea in 1965 and it is a lousy idea now, 30 years later.
Why did the Prime Minister and those in charge of dealing with the provinces right now on this deal lure the provinces into a sweetheart deal at the expense of the Canadian taxpayers who will have to belly up and pay that cash?
The Liberals learned nothing since 1965. Which way will it be, sweetheart deals for the provinces or the best deal for Canadian taxpayers in their retirement?