Again, I think the question is focused on whether you're looking at it from a fiscal sustainability perspective, or you're looking at it in terms of economic capacity and private sector job growth. I think the question really has to be focused along those lines.
In terms of overall sustainability in the government sector, part of those high debt loads in the public sector could be captured indirectly through the risk premium that a government would have to pay in financial markets. Financial markets are aware of the government's ability to raise revenue from heavily indebted households. They will charge an additional premium, because they know that the probability of a credit risk is higher. That will be picked up through there.
Really, the signal should be coming from financial markets, and right now, at least for Canada, the Government of Canada can issue 10- or 30-year bonds at about 2.5% to 2.75%. Right now, at least from a financial-market perspective, those concerns aren't there. In contrast, the U.S. government over a similar period is facing interest rates that are probably about 50 to 60 basis points higher. There might be some concerns about both fiscal sustainability and U.S. debt levels, and maybe not so much on the household side. But those financial markets should be able to—should, I say—price that credit risk appropriately.