Look, I think there's a doomsday discourse, sometimes, about the fiscal position of Canada. We are in a much better position now than we were in, say, the early or mid-1990s. I think one of your colleagues mentioned earlier what happened in 1995-96. We are in a different position. We're in a stronger position, but things can change really rapidly in terms of the economy. We know the uncertainties regarding the trade war with the United States and other things.
We have to be prudent about our forecasts, of course, and the way we manage both expenditures and revenue raising. It's important to understand and to emphasize that controlling spending is important, but we also have to think about the revenue side and how to review tax expenditures that might be regressive and not necessarily that helpful. That's a form of spending, indirectly—tax expenditures and tax credits that might not be so useful from a broader standpoint.
Also, think about how we can generate more revenue. Don't just focus on controlling spending. Focus, also, on increasing revenues. A former U.S. Supreme Court justice said that taxes are the price we pay for civilized society. Of course, today, “civilized society” may sound a bit outdated as language, but we have to understand that taxation, including progressive taxation, is an important part of the mix.