It is certainly a concern that we have. The current federal deficit is $65 billion. If we keep spending the way we're spending, it will be $117 billion in 2035. Part of that is that every time we spend more than what our revenues bring in, that goes into debt. Unfortunately, debt is a very expensive thing. It means we have more interest payments to pay.
We found that the net debt in Canada would go up from about $1.5 trillion right now to about $2.4 trillion in 2035 if nothing changes. That means more interest payments on the debt, more taxpayers' money going only to service that debt and less money available for services or to cut Canadians' taxes.