Mr. Speaker, I am pleased to speak to group 6 and the motions that have been put forward regarding Bill C-2.
I think it is important to point out from the very beginning that it is no small surprise that we see so many motions that have been put forward to try and make something out of Bill C-2. In fact, the House will find that the number of motions is far above the average that we would normally see for a bill. The reason is that members opposite have seen so many flaws in Bill C-2 that we have had no option but to put forward a number of motions to try to make C-2, although it may be a sour pill to swallow, at least something that we do not choke on.
Group 6 has a number of motions to it. I will first deal with Motion No. 11.
This one being put forward by the fourth party basically wants to stop the government from having a golden lever that it can pull every time it needs more cash. We congratulate the fourth party on having the foresight, although we brought it up in committee. The fourth party made it into a motion.
I think it is very important that we do not let the government get away with having the option to raise contributions any time it simply wanted to. Therefore this motion would prevent that. We support Motion No. 11 put forward by the fourth party.
We also support Motion No. 13, which would basically take away the freezing of the year's basic exemption because, as members know, the Liberals snuck this one in and it could be used in fact as a form of taxation.
Without the ability to increase the YBE, as the cost of living went up, as inflation went up, the exemption on taxes that a Canadian would be able to have could not go up. Therefore they would find their disposable income shrinking even more than it has.
Let me point out that since these Liberals came to power in 1993, the average household disposable income has decreased by some $3,000 in this country. Who needs yet another mechanism to wrench disposable income dollars out of Canadians' pockets? The Liberals felt that they did but we certainly do not feel they should have that.
Motion No. 14 we oppose. This is confusing. The fourth party put forward Motion No. 13, which we support, preventing the freezing of the YBE. Yet its members only wanted to prevent it until the year 2006.
Life does go on in this country. It is bad enough that this bill has been put forward in the first place, where it is going to raise Canada pension premiums by an astounding, obscene 73% over the next few years. Members will find nowhere in this bill that that is all they are ever going to go up.
By supporting Motion No. 14 that would mean that the ability to not freeze the YBE would only continue to the year 2006. We cannot support that because the world is going to go on a lot longer than the year 2006. We will oppose that one.
One of the things that we have to touch on in this debate, and it deals with these motions, is that this band-aid approach to fixing the Canada pension plan, this quick fix that the Liberals put through, has no more merit than the manner in which the Liberals and the Tories before them have managed the Canada pension plan since the mid-1960s when it was introduced.
It has been badly managed. It does not even do justice to the lousy job that the Liberals and the Tories have done with the Canada pension plan. It is $600 billion in the hole in unfunded liability. To fix it, and this is not rocket science, they simply raise the premiums. That will fix everything.
By the way, they are going to build this fund and they are going to have some Liberal hacks running it unaccountable because there are clauses in here which, if they do not get changed, will make sure that the investment board of the Canada pension plan is not accountable to Parliament.
We are talking about over $100 billion in CPP funds. It is scary to think that the Liberals could have any type of influence over that kind of money. It is really scary to think that. The way they are going to fix it really has no more merit than the way they have managed it for the last 30-some years.
Let us not let the Tories off the hook. They stand up in this House so indignant about this bill. They slam the Liberals about how they have not presented. They had nine years to do something under the disaster of the Mulroney government from 1984 to 1993. Back when the unfunded liability was down around $400 billion or $375 billion the Tories could have done something. They could have taken the bull by the horns. They knew at that time that the CPP was broke or was headed for it.
At the very time the Canada pension plan was introduced in the mid-sixties, the Liberal government of the day knew it would not work because its own financial advisers told the government that. But that did not deter the Liberals at that time from pushing ahead with this plan that was doomed for failure. They pushed ahead, and now here we are 30-some years later, $560 billion in the hole in the CPP fund, and the Liberal answer to fixing it is to raise the premiums by 73% over the next few years. Let's get into the pockets of young Canadians who will be starting out in life to make their careers and raise their families. Let's just double their premiums and give them less when they want to retire.
I believe retirees now get about $12 for every dollar they put into the Canada pension plan. The Liberal government must hate that. Under its plan if someone in their twenties starts paying into this plan, by the time they retire the Liberals want to give them an astounding 57 cents for every dollar they contributed. The Liberals really hate a good deal. They must hate a good deal. They would be thrown in jail if they were to handle an investment like that in the private sector.
Now the Liberals see retired Canadians getting $12 for every $1 they put in, and that just is not Liberal philosophy. Canadians should not be getting fair treatment, so the Liberals will change the plan so Canadians get only 57 cents. Young people will be paying into that plan for 40 years.
I hope some of these motions get put into Bill C-2. If some of these motions were to pass the government would be brought to accountability kicking and screaming and we would be there pulling it. We will support some of the motions. We have some of our own that we hope some other members will support, members from the third, fourth and fifth parties.
I stand as a member of Her Majesty's Loyal Opposition in this House of Commons, this House of Parliament in the country of Canada, and I say let us not let the Liberal government get away with this odious piece of legislation. Let us fix it, as the Liberals and the Tories had a chance to—