Mr. Speaker, I have had numerous discussions with the Premier of the Northwest Territories and the finance minister of the Northwest Territories on this very subject. In fact, on CBC Radio this morning, the finance minister indicated that he thought what I was going ahead with was a good idea because it would actually provide a legal framework for changing the legislation that guides the borrowing limit. If the government wants to review the borrowing limit, what a good time to do that.
However, what we want out of this is legislation changed so that the borrowing limit truly is put in stone, so that as the government grows larger and we take on more responsibility and our gross revenues increase, we will have an orderly progression in the size of our debt. These are things that are useful.
If the member thinks this Parliament is not here to discuss this type of issue, then I think he is missing the point. We do not want bureaucrats in the backrooms deciding how this is going to happen. This debate in Parliament lays it out clearly for all people to hear.