Mr. Speaker, Canada's own mother goose egg, the finance minister, has added a new nursery rhyme to the repertoire for our children and it goes like this:
Old McMartin had an EI fund E-I-E-I-O With that fund he had some fun E-I-E-I-O With patronage here, patronage there, Liberal spending everywhere Old McMartin spent that fund I-O-I-O-U
Members will see that in this rewrite of the old nursery rhyme that EI fund now equals IOU. I am sure members will agree this non-existent fund for a rainy day rates a place with the best fairy tales of our time.