Mr. Speaker, one of the glaring questions we are dealing with is the investment of nearly $500 million in the Asian Infrastructure Investment Bank, with virtually 1% control over what that money will be used for. It does not take a rocket scientist to figure out that, if we invest money in infrastructure in Asia, paid for by hard-working Canadian taxpayers, that is infrastructure spending that cannot happen here.
In my own riding I have bridges, water treatment facilities, and roads that could be resurfaced. We have the light rail transit system, which is nearing completion in the Waterloo region. Currently it is scheduled to go from the north of Waterloo to the south of Kitchener with an extension of the bus service down into Cambridge.
If this money that is available for infrastructure were spent in my area, we could finish this project now. It is a misplaced priority, and that is the reason I cannot support this irresponsible economic policy.