Mr. Alexander, I don't think there would be a lot of arguing around the table relative to the Conference Board and your ability and history, in terms of recognizing where the country is headed and being non-partisan.
There's a lot of concern being expressed today about the debt load, not only of individuals in Canada, but also of the provincial and federal governments. There's some speculation that after the federal election in the United States there could very well be an increase in the federal interest rate.
Where do you see all of this coming to a head? Among our presenters, we probably get 10 people asking for more expenditures and none who say how we could actually reduce expenditures. I'd be interested in your summary of what kind of a mess we really are in.