In 1994 the Department of Finance produced a purple book and a grey book that I think are still two seminal, outstanding documents about the dangers of debt, about the need to address a debt situation, the need to lower interest rates, and the need to lower taxes, which I think formed a lot of the policy-making that's come out of the department—I think even until this day, frankly.
Those documents talked about a transition from a higher growth economy to a lower growth economy. Frankly, I think that's true today, but we're looking at growth rates that are even lower, so it is going to be a big challenge for countries like Canada, with modest growth rates here in our country, in North America, and across the globe. It is our big challenge. You combine that with our demographic challenges of an aging population and not enough people producing themselves domestically, for lack of a better phrase. That's going to be a challenge going forward.
Realistically, you present the challenges in terms of the global model. If say we doubled the infrastructure program we have, which is a 10-year, pretty ambitious plan on infrastructure, what could you expect in terms of a better growth rate for Canada, in your view?