I agree with that analysis. I would even take it a step further.
First, what is behind the federal government's situation in terms of balancing its books? There is a drop in revenue not only because there is a drop in economic activity, but also because there is a drop in tax rates. As a result, the government is losing out on revenues.
So we have to see what can be done about the revenue we are depriving ourselves of. What decisions can we make? We have the following two choices.
First, we can give more money, in the form of corporate tax cuts, to companies that make a profit. We now know that these companies do not invest in the real economy. When they do invest, what is the outcome? Where do their investments go?
Second, we also have the choice of keeping or getting that money back and investing it in infrastructure programs, which create jobs. Numbers show us that $1 billion invested through corporate tax cuts will create 3,000 jobs whereas $1 million invested in public and social infrastructure programs will create 17,000 to 18,000 jobs.
What should we do as a corporation? Create jobs across the country and address needs, since more jobs are needed in order to restore the confidence of consumers, workers, and so on. The answer is clear to us. In the current climate, there should be no cuts; we have to invest more and create more and better jobs across the country.