Mr. Speaker, I have a similar situation in my riding. This is the reality for the city of Dalhousie, the third largest city in my riding. The Bowater pulp and paper mill closed down. That is exactly the same situation, and the municipality's revenues are dwindling as a result.
So, first of all, revenues are dwindling and the federal government wants them to take on additional debt. This means that the municipality's debt level will go on forever. As they say, the sky is the limit. At some point, we need to slow things down, because the reality is that the municipalities cannot be mortgaged for life.
We should help them out, so they can breathe a little easier and work on infrastructure projects without mortgaging the future of the communities or that of the citizens.