Mr. Speaker, the other issue that was raised yesterday in debate was the substantial concern about the new EI enterprise that is going to be established, instead of the current situation where there is an EI notional fund and the moneys are included, both revenue and expenses from employment insurance, in the consolidated revenue fund.
One of the concerns that I had, and I do not know if the member shares it, is that this new enterprise will only have an initial surplus of some $2 billion. As members know, the current rules prescribe that there should be sufficient reserve or surplus within the fund to allow for two cycles. I think it is $10 billion or $12 billion. That means that the EI fund could come under risk if we were to enter a sustained recession.
I wonder if the member also shares a concern about this new EI enterprise which seems to be underfunded, maybe for the wrong reasons.