In regard to Mr. Beaulieu’s comments and some of the MLA for Kam Lake, Mr. Ramsay, I think, yes, we have far more needs than we have resources from now as far into the future as we could plan we will need every cent we have. If we just want to keep spending everything we have, our capital demands everybody knows are far in excess of the capital budget for next year. Something like half a billion a year versus $75 million, not to mention our program needs. So I would suggest that we have to do both; that we plan for our employees, we plan for pension funds, superannuation, we plan for the future and we encourage people to put money aside to be as self-sufficient as possible.
As a government we have to take something of a similar view, I would suggest, in planning for the future; that the resources that are here today may not be here tomorrow, that if we don’t take the time to consciously put money aside, it will never be the right time. When it’s too late and we look back on what we could have done, all we’ll be able to do is look back with regret.
So I would suggest that as difficult as it may be, we’re starting the process to set up the instruments and make those types of necessary decisions as we try to do both things.
The next Legislature will decide if they want to contribute anything to this fund, but I know that all
of us, for example, in our pensions and pensions of all our constituents that work are very important for them because it allows them to plan for the time in the future when they will have some needs they have to put aside today during their earning years.
So, Mr. Chairman, I appreciate the concerns. I think this is a good first step, as Mr. Ramsay indicated, and will be challenged moving forward on how do we make this work, along with meeting the day-to-day program needs. Thank you.