Thank you all for being here. I found your statements and your comments to be very interesting.
I want to start with Mr. Hodgson. You had some very interesting things to say about your forecast for the Canadian economy. You said you don't see a structural deficit in 2015, as Kevin Page does. I thought maybe it would be helpful if we could put this in context.
The federal budget is about, what, $265 billion a year? And we have four budgets between now and 2015. So there would be a total of over a thousand billion or a trillion dollars in expenditures between now and then. Kevin Page is saying that we're going to be $10 billion over. We're saying we'll be at balance. You're saying we're going to be at balance. Are we not talking about a very small amount of money here, less than 1% of the overall budget over the next four years? Is this not really rather modest and insignificant?