Absolutely. If it was not for all the new spending we've seen in the last decade, we would have a balanced budget and probably a significant surplus right now.
The problem is that money has been spent. We have used it to hire bureaucrats. We've used it to create a bunch of new different programs. Canadians are not necessarily seeing a lot of those results. We have 100,000 more bureaucrats, but the passport office is still as much of a mess as it's always been.
In essence, we have added a whole lot of new spending. If it was not for that, we would be in a balanced budget. What is the most troubling is that we have a number of areas where we've been saying for a long time that spending pressure is going to increase our budget. Right now, we're seeing one with the size of our military. The fact that this government is committed to increasing its military spending to 3.5% of GDP by 2035, if I remember correctly, that's $100 billion right there. That's not even considered in the current budget. That's going to have a significant effect on our deficit.