Mr. Speaker, once again, I am amazed at the rhetoric I am hearing from members opposite today. Consistently we have heard the members from Atlantic Canada try to demonstrate or prove that there is a fiscal cap on the Atlantic accord. There is no cap.
Let me be clear for all members in this place and all Canadians watching this debate. The terms and provisions, the benefits that Atlantic Canada, Newfoundland and Labrador and Nova Scotia received from signing the Atlantic accord in 2004 have not changed. There is no fiscal cap placed on the Atlantic accord. There is no change to the provisions. There is no change to the wording.
Therefore, the recipients, those being the provinces of Newfoundland and Labrador and Nova Scotia, received exactly the same deal that they received when they signed the deal. Yet although the budget absolutely refutes the fact, they are trying to say in the House that there is a cap on the accord. There is no cap.
I am not sure if the member opposite is absolutely clueless about the wording of the budget and the impact he has on the accord, or if he is purposely trying to deceive people with his rhetoric. Would he not agree that contained in budget 2007 are words that state, unequivocally, that the Atlantic accord will not be changed, that it will be honoured and respected as written in the original state?