Most Canadians have a pretty good understanding of what interest payments are. We all live through them. Particularly on credit cards, interest can become quite onerous. Of course, with mortgages, most Canadians have that experience over the course of their lives, and with car loans as well.
This is an area in which, for whatever reason, both provincial and federal governments, over a long period of time in Canada, felt it was okay to spend money they didn't have. That means they were spending the money of the next generation, of my children and everybody else's children and grandchildren in Canada.
Building up deficits, building up public debt, is simply taxing the next generation. It's not fair to the next generation. It's our obligation, it seems to me, to try to clean up what was created in the last generation. We have an opportunity to do that into the next generation. We can then use those interest payments that we don't have to make on government debt to reduce the tax burden in Canada, which internationally is still out of whack.