Thank you, Mr. Chair. Thank you to all of the presenters.
In a sense, it's an embarrassment of riches because one doesn't have time to deal with them all.
I would first like to ask Ms. Russell a question. I've used the phrase myself before about the fiscal cupboard being bare. My question to you is whether there really is room for further tax cuts, or indeed for anything, given the numbers you just presented. If you look at the projected surpluses, they are not more than $2 billion a year for the rest of the decade, and that's before the government gets into anything for fiscal imbalance to the provinces and before the government spends anything on its new environment policy or the Afghanistan mission extension. Then when you go forward a few years to the second point of the GST cut, that's around $6 billion year. We have to qualify all of this because later today the new budget numbers are coming out and those could significantly change the situation.
Based on those numbers, I would ask you whether you really think there is scope for further tax cuts or further expenditure increases or whether there isn't much room for anything given the expenditures that have already taken place. In other words, the fiscal cupboard really is bare.