Mr. Speaker, it is clear the Auditor General said that if we are to have an EI reserve fund, rather than $2 billion, we need $15 billion in it.
Not only the Auditor General has said this, I notice that Mr. Michel Bédard, who was the chief actuary for the federal employment insurance fund, has said that a $2 billion cushion is too small and that his organization believes the new corporation being debated today would need $10 billion to $15 billion to draw on to avoid wild swings in premium.
If the corporation needs the funds, it would have to borrow it and therefore pay interest. Does the hon. member think it is fair that the money the workers put aside is now being taken away, the entire $56 billion, and instead they are forced to borrow money in future and have to pay the interest. Is that fair?