Thank you, Mr. Chair.
I thank our guests for being here.
Mr. Franks, the beginning of your statement was rather pessimistic as to our system's capacity for transforming itself. I am going to try to get past that.
I'd like to discuss a comment you made which surprised me. You said that basically, no distinction needs be made between capital and operating expenditures.
Since budgets get larger and larger and expenditures are increasingly diverse, would not making a distinction between capital expenditures and operating expenditures not contribute, on the contrary, to making things even vaguer and harder to grasp when we attempt to follow up on the budget?