Madam Speaker, I appreciate the question of my hon. colleague. I would just like to say that I think the problem is even worse than what has been laid out.
We pay about $42 billion a year in debt payments, in interest on the national debt of Pierre Elliott Trudeau and the Liberals across the way who helped to drag this country through the muck. It is just the tip of the iceberg. It means that we are looking at about $20,000 for every man, woman and child in the country. The sad fact is that our demographics are such that not everyone will pay that bill.
For my hon. colleague and his grandchildren, the $600 billion that Canada owes right now as a federal debt will be multiplied because of unfunded liabilities with regard to the Canada pension plan, land claims, irresponsible management in the country, and a demographic bubble that will burst in 2017 with regard to the aged and health care expenses.
This government and these Liberals are sleepwalking into a $2 trillion debt in upcoming years. That means that for youngsters out there such as the grandchildren of my colleague it will not be owing a mere $20,000. I want to let the grandchildren of today know that it will be closer to $100,000 which they will pay. That is sitting on them right now even if this government or any other government never charged a dollar more to the debt of the country.
If they get a university education, if they pursue post-secondary education and raise their expectations for their standard of living and their wages, as their high school guidance counsellors tell them to do, it will mean a $200,000 bill. It is as if a house is sitting on their shoulders for which they will have to pay. It is a house they will never own but it is a debt given to them by the Liberals. Shame on them.