Okay, we have the cleanest of the dirty shirts. I may have to use that line once or twice in the future.
If we turn now to page 40 of the summary report, it talks about changing economic conditions and how changes in some economic conditions can significantly affect our country's deficit. For example, “[a] one-percentage-point decrease in...GDP growth would lower the budgetary balance by $5.0 billion”, and there are similar figures for GDP inflation.
Can any of the witnesses speak about the importance of the changing economic conditions outlined on page 40 and why this is something important for public policy-makers to consider?