Mr. Speaker, a number of experts have already told us that there will be a really serious problem, perhaps a crisis, in the old age security program if nothing is done. If nothing is done, there will not be enough money to keep the old age security program at its current level. We have heard the opinions of experts including Jack Mintz of the C. D. Howe Institute and a number of actuaries. I accept their opinions and I share them, and that is why we are taking action.
In the House of Commons on February 9th, 2012. See this statement in context.