On the issue of interest rates, one thing that I think is important for us to understand is that the government racked up more debt in the last seven years than in all of the history of our country since Confederation. They did it while essentially bragging about it, saying that it would be irresponsible not to borrow when interest rates are so low. But now the chickens are coming home to roost, aren't they? Interest rates are going up. Government is going to have to refinance each tranche of debt as it becomes due.
What impact do you think that's going to have on our debt servicing costs? Do you think it might force the government to make some drastic decisions around further tax increases in order to continue to service our debt?