I think that's the time, and I have a closing question.
The reference to net debt to GDP refers only to the federal government's debt. Typically, this government has used as its anchor the federal debt-to-GDP ratio. As you point out, provinces have their own debts, and as we all know, households are extremely indebted. If the economy is a workhorse that is pulling a wagon up a hill, and that wagon has debt to pull, it's not just the federal government's debt that's in that wagon. That one horse has to carry federal and provincial debt, plus corporate debt, plus personal debt, because we only have one Canadian economy, one GDP of roughly $2 trillion.
When we're judging the ability of governments to borrow more, do you think we should consider the total debt load of the nation, rather than that of just one level of government?