What I can say is what I did say, which is that the simple drop in oil prices since July, which is the last time that our growth rate was downgraded, could have up to a $4 billion direct first-round effect on federal revenues alone. I'm not including second-round effects and what that does to construction plans for expanding further construction and the development of oil.
What we do know is that we are also committed not only to tax cuts, but to working with our allies to fight ISIL. Undoubtedly the events of last week will mean there will be more expenditures on security measures for Canadians here at home, and in particular in this wonderful establishment that is the home of all Canadians.
I'm thinking that tax cuts have a very distant third or fourth role to play in what it is that needs to be considered to attain and maintain a budgetary balance, which is the goal of this government.