Mr. Speaker, I thank the hon. member from the Conservative Party for giving me this opportunity to explain that, two months ago, we reduced employment insurance premiums by $1.4 billion.
This cut in the EI account is over four consecutive years. I realize that the Conservatives have a problem grasping this, but we are fiscally responsible. We have the people's interests at heart and intend to ensure that, should the economy falter, we will not have to raise premiums when the situation is at its most difficult, as the Conservatives did.