Some members are taking offence, I think.
We only have to take a look around and see the age, if not the colour of the hair in this place--Mr. Speaker, I am glad to see that you are taking no offence--to see that since we are representative of our society, society is aging. We are also living longer while we are aging and the baby boomers hope to be around until the age of 80 or perhaps even 85 or 90. So if we retire at the age of 65 the Canada pension plan would have to pay for us for about 20 years. The Minister of Finance says not to worry, that 9.9% would do it. We are quite apprehensive.
Let us take a look at how the Liberal Party got into this game of private investment. We had the greatest boom in the stock market starting in 1980 and it went all the way to 1999, almost a 20 year run, at which time the growth was exponential. There were millionaires and billionaires practically on every street corner rather than beggars. People were saying, “I made another extra million dollars today”. Toward the end of that boom the government decided to take the money out of the staid Government of Canada bonds where it had been getting 5%, 6% and 7% returns and put it into the stock market and bingo, what do we find? Losses.