Thank you for that.
On the question of the Minister of Finance, she did say, for example, in budget 2022, that the debt ratio was a line she wouldn't cross. Now she's saying she recognizes the problem.
I do have some concerns about whether or not she might actually follow through with the advice she's now getting from not only people like you, but from the Governor of the Bank of Canada as well.
In fact, I noted that in the paper you wrote with Governor Dodge, you said that you have very little confidence that the interest cost ratio and debt ratio will be able to be maintained over the rest of the decade, even though the finance minister has also promised that this was a line she would not cross and that it would continue to decline.
What is the concern if the debt-to-GDP ratio continues to rise over the rest of the decade?