Madam Speaker, I would like to put a number of facts to my hon. colleague for his comment.
First, he and other members of the government have said they do not believe it is fair to foist the economic problems of today on the generations of tomorrow. They have also commented that it is not prudent or fair to place those obligations on seniors, yet the government is going to raise the OAS retirement age from 65 to 67 for seniors in the future. My hon. colleague says that is necessary because of the demographics of the country, although the government has refused to increase the number of immigrants coming to the country. Also, the Parliamentary Budget Officer says it is not necessary because old age security is sustainable.
I wonder if my hon. colleague could comment on this particular fact. His government has cut $12 billion in GST and a further $10 billion, at least, in corporate income tax. Why is it cutting over $22 billion of federal revenue, today, to give tax cuts to corporations, today, to be paid for by seniors who turn 65 in the future?