Mr. Speaker, I do not think the member has well understood the debate about the sovereign wealth fund. I will explain it simply by analogy. If I open a savings account to save my money, that is a good idea. If I have no money, so I open a savings account then take money off the credit card and put it in the savings account, that does not make a lot of sense. The issue is not the existence of the account but whether or not we have something to put into it.
The principle of having a sovereign wealth fund is great, but when the government is running massive deficits, its proposal is not for a sovereign wealth fund. It is for a sovereign debt fund. It would be taking out even more money we do not have and then requiring the additional costs and capacity around a fund that would invest borrowed money. There is also a lack of the protections from political interference, and all kinds of other problems.
Will the parliamentary secretary recognize the real problem and understand that the Liberals should not have a sovereign debt fund that would land on future generations?