Mr. Speaker, according to the public accounts, Canadian taxpayers are the big losers again in this year's $80 million write-off of bad loans by the government's regional development agencies.
It does not matter how it is dressed up, whether it be grants, loans or repayable contributions, the bottom line is that these programs waste millions of dollars every year.
With this kind of record, why is the government still in the business of handing out Canadians' hard-earned tax dollars in corporate welfare and other vote buying schemes?