Mr. Speaker, the government has been absolutely clear that we intend to take action to protect and preserve programs like old age security so that it is there for future generations. The NDP approach, I submit, is irresponsible. It takes no account of the fact that, based on current rules, OAS is destined to grow from 15% to 25% of the federal budget to over $100 billion in expenditures. That money has to come from somewhere, from a shrinking tax base, fewer workers with more beneficiaries. These are facts with which the government must contend in responsibly planning for the long term—
In the House of Commons on February 7th, 2012. See this statement in context.