The United States is at about 120% at this point. They have raided just about everything that they can raid, and they're at a tipping point. I would think most economists would agree with that. I'm very happy that in this country we haven't reached that spot yet. We've taken the decision that the people of Canada want us to wrestle this debt down. Industry would agree with that as well.
On October 22nd, 2012. See this statement in context.