Mr. Speaker, my question is why the Liberal rhetoric does not include any reference to the numerous problems that have been outlined in the auditor general's report.
I have not heard any acknowledgement from any of the Liberal speakers about the fact that close to half of the loans are given to companies that would have secured them anyway. Between 1993 and 1995, taxpayers were on the hook for $210 million in defaulted loans. The evidence is that lenders and borrowers have been abusing the SBLA program, that job creation figures have been exaggerated and that there is little accountability to parliament. Would the hon. member like to comment on any of those deficiencies of the Small Business Loans Act?