Madam Speaker, I always enjoy listening to my accountant friend across the way. He can explain things in a really good way so I am going to ask him for a really good explanation.
He lauded the move on the part of the government to go to accrual accounting. He said we now have to account on the public record for all of the liabilities we have. I would like to know whether that includes the liability for the pensions not only for members of Parliament but for all of Canadians, and whether it includes the unfunded liability of the Canada pension plan. We know there is much less money in the fund than the present value of the amount that could be collected from it. Is that going to be included?
He talked a little about our national debt per se. I would like him to explain how, by going to accrual accounting, magically we lost around $20 billion of our debt, just by adopting a new accounting method.