Discussion · Government Orders
Adam Chambers Conservative
“The government is misleading the public when it reports Canada's debt. It counts public pension funds as government assets to make the debt look smaller, but that pension money does not belong to the government.”
“Mr. Speaker, the government is setting up the CPPIB, the Canadian Pension Plan Investment Board, which is viewed around the world as the gold standard for governance, primarily for the reason that it is free from political interference. Every time the government uses the net debt-to-GDP ratio, it confuses the public by suggesting that the assets of the CPP, in effect, may be available to the government to use because the government is using those assets to reduce the amount of money that it shows it owes the rest of the world.”
Official Hansard
Mr. Speaker, the government is setting up the CPPIB, the Canadian Pension Plan Investment Board, which is viewed around the world as the gold standard for governance, primarily for the reason that it is free from political interference. Every time the government uses the net debt-to-GDP ratio, it confuses the public by suggesting that the assets of the CPP, in effect, may be available to the government to use because the government is using those assets to reduce the amount of money that it shows it owes the rest of the world.