It just does seem a little bit strange that you have to pump this enormous amount of money into federal government bonds. You're now helping at a rate of a quarter-trillion dollars a year, annualized, in bonds alone. That doesn't include the 40% of the treasuries that you're buying. All of that suggests that the government cannot raise money on international lending markets at rates that it considers acceptable. That's why you by definition are creating it. If they could, they wouldn't need to come to you. So I just respectfully challenge the notion, which you and others have put forward, that governments can continue to borrow at this rate, and at the rates that they have been, without any consequences.
I turn the committee's attention to the overall indebtedness of Canada, because the economy has to support household, corporate and government debt. The question to you, then, is how much debt do Canadian households, governments and businesses owe combined?