From my point of view, it's important to think of both the medium term and the longer term. In the medium term, I think we are heartened that if we get the kind of growth that's projected, even in the average private sector forecast of PBO, we have a declining deficit pattern in this country. So we talk about a deficit going from $37 billion this year to something like $7 billion five years out. That is a healthy projection. It's also consistent with the closing of an output gap over that period of time.
I think when we talk about delay of actions...what we provided to you at the end of September was a detailed analysis on something called fiscal sustainability. We basically look for what the impact of aging demographics is on our fiscal structure. Do we have a sustainable structure? There we're saying we will have to take measures, as we look at the long term, to deal with aging demographics in order to reduce the gap that we think is inherent in this structure right now.
So it's only in the context of dealing with the longer-term challenges. We're saying do not take these larger measures right now when the economy is weak. You can delay those actions until the economy gets back up to its potential.