We've made a clear commitment to Canadians that we want to invest in the economy. We believe that the decision made on October 19 was a stark decision between two alternatives. The first alternative was to focus on how we could grow the economy, make a real difference in Canadians' lives along the way, and improve our long-term rate of growth. The second alternative was to have a balanced budget at all costs immediately. We believe Canadians made the right choice.
The specific answer to your question is we believe that if we were immediately to look to balance the budget, we would be doing it at all costs. This would force us to either significantly raise taxes or to significantly cut spending. Neither of those is an alternative that we think makes sense. In the case of Alberta or Newfoundland and Labrador, as examples, the idea of raising taxes in either of those two places or in fact significantly cutting spending in them would not make any sense in the face of what families are feeling right now in those places.
We don't believe the outcome would be any less than likely recession for our country if we were to take that approach at this time, which was the proposed approach of the parties that were running against us.