Right, but back to my earlier point, we cannot separate government debt from private debt because, in the case of mortgages, government-backed enterprises like CMHC, Canada Guaranty and Genworth are responsible for insuring default losses on the vast majority of mortgages in this country. If Canadians lose their work, lose their homes, and banks lose money on repossessions, taxpayers are going to have to take on all that debt to back up the banks. That's even more of a liability that you have not included in the 48% number of debt-to-GDP ratio.
There are so many liabilities—other levels of government, private sector, households, and in addition to that, government-contingent liabilities like the one I just described—that are piling one on top of the other. When you consider all these levels of debt, are you not concerned that we could be in some trouble in two or three years if we don't act quickly to get ourselves out from under it?