Mr. Speaker, I very much appreciate the opportunity to join in the debate on Bill C-265.
I would first like to join other colleagues from all parties who have acknowledged the work done by the member for Acadie—Bathurst and the commitment he has to this issue and to unemployed people.
As a relative newcomer to this place, I want to say that he sets a real example and is an excellent role model. A lot of the veteran members tell us, at least they did before the minority governments, to spend the first couple of years getting to know the ropes, how the place works and what our role is, and to get things settled in our ridings, but to eventually get to the point where we focus on an area that matters, an area that matters to us, matters to our constituents and makes a difference to the country.
The member for Acadie—Bathurst has done that and I think he has done it in an exemplary way, to the point that in 1998-99 he travelled across the entire country, visited every province and one of the territories, which at that time was 50%, and came up with a report that spoke to the inadequacies of EI, then called UI, at that time.
That is almost 10 years ago. As a footnote, let me tell members what I noticed as I was going through the report. The second sentence notes that in 1998 the accumulated UI surplus, as it was called then when it was unemployment insurance, reached $20 billion.
What an enormous number that is until we compare it to the number that exists today and that happens to be $50 billion in surplus.