Mr. Speaker, the government repeatedly argues that employment insurance money does not really belong to workers but the very fact that the government pays interest on the billions of dollars it borrowed from the EI fund is an admission that the government does not even believe its own story. Otherwise, why would it be paying interest?
If, as it has claimed, the fund belongs to the government to spend however it wants, then why in the world is it paying $711 million in interest charges this year on the money it borrowed from the fund? Why is it paying interest?