Mr. Chair, it is an interesting question. I would answer that in my experience, governments going back to the eighties and nineties and so forth, and successive governments even more recently, have approached deficit reduction in different ways. Some have focused on the expenditures; some have focused on the revenue side or the tax side of the equation, and some use a combination of these. I think there are different approaches that fit different jurisdictions and different governments, and all have been employed with varying successes.
On November 6th, 2014. See this statement in context.