Mr. Speaker, I would remind the hon. member who Canadians are upset with. The result of last year tells us very clearly who Canadians were upset with.
The hon. member says that we are cutting from seniors. We are not cutting from seniors. The fact is that no reduction, not a penny, is being made to seniors' pensions.
An OECD study entitled, “Pensions at a Glance 2011”, states:
If life expectancy continues to increase, as most forecasts show, then significant increases in the effective retirement age are required to maintain control of the cost of pensions.
We are taking action to ensure this program is sustainable and remains sustainable.