Mr. Speaker, on the issue of raising the retirement age from 65 to 67, all stakeholders, including the Parliamentary Budget Officer, the Superintendent of Financial Institutions, the chief actuary of the Canada pension plan and the inspectors of financial institutions, agree that raising the CPP eligibility age from 65 to 67 is not the solution. Financially speaking, that is not the problem.
The hon. member for Winnipeg North is quite right. This was done with just one goal in mind: to cut $10 billion in order to justify $10 billion worth of tax cuts for the wealthy. The middle class is being asked to do without $10 billion in the future so that the government, which favours private enterprise, will be the only one to benefit.
This will not solve the problem for the people of Nortel, among others. It seems that this government does not like hearing about the people of Nortel. I am sorry, but these people lost 40% of their pensions, and the government did not lift a finger.