Thank you, Minister, for appearing.
Your projections put the increase in debt at about $175 billion over the next four or five years. You say that you will not increase taxes. You say that you will not cut transfers to pensioners or to persons. You say that you will not cut transfers to provinces. That pretty well leaves two things: programs and debt servicing.
Debt servicing is going to carry on the way it carries on. Presumably it's going to increase because of the increased amount of debt, but also because of a real possibility over the next few years of increased costs of servicing that debt.
That leaves program spending. The largest part of program spending is DND. Presumably you're fairly committed to servicing DND at its current levels. Therefore, Minister, your manoeuvring room for an exit plan is rather circumscribed. I'd be interested in knowing, if you could tell us, what your exit plan is for this rather substantial increase in debt.