Mr. Speaker, I took particular note of the member's argument that we have to compare ourselves to other countries.
I came across a study a couple of months ago from the International Monetary Fund that looked at the OECD countries, at the demographic problems regarding our countries and at the unfunded liabilities that exist in societies, and they quantified the debts. Can anyone guess what country was in the worst shape out of all the OECD countries in the world? Canada was dead last.
When we take in unfunded liabilities and our demographic problems in Canada added to our existing debt level, the debt to GDP ratio goes from 42% to 400%, an unsustainable level.
I have heard nothing from the government about this report. The Liberals seem to have selective memory syndrome. They want to take a slice of something and look at it, and they do not want to look at something like that. That is a pretty credible report and it is frightening.
I look at what our young people may be facing because of the government's mismanagement, of its head in the sand attitude and of its platitudes. Somebody will pay for this mess later on. The train is coming down the tracks and the sound is not very good.
I would like the member's response to that international monetary report. Does he think it is an incredibly poor report or what?