Mr. Speaker, the National Post revealed today that the surplus in the employment insurance fund will reach $26 billion in the coming year.
However, according to the Minister of Human Resources Development, this surplus is virtual, it has disappeared. The money has been spent.
Since the money has been spent, since there is no more money in the employment insurance fund, will the Minister of Finance, the person primarily responsible for this misappropriation of funds, explain what he would do should, unfortunately, a recession occur? Would he increase contributions? Would he reduce benefits further? Or would he be obliged to present a deficit budget?