Austerity, as you've described it, is a drag on our economic growth.
Mr. Macdonald, you talked about the slow growth and the lack of growth as one of our major problems. We have trade deficits. You talked about the collapse of the manufacturing sector, stagnating wages. Yet so much of our recovery seems to depend on consumer spending, which is translated increasingly into high personal debt. How sustainable is this in the long run, or even in the short run?