My answer to that, Chair, is yes. The issues about debt-to-GDP ratio and deficit-to-GDP ratio are are ultimately relative issues about how we stack up against other countries in the world, because really that's what's relevant here. It's not an absolute issue; it's a relative issue.
In both debt-to-GDP and deficit-to-GDP ratios, within the G7 we are number one. We are in the strongest fiscal position of any country in the G7. Even in the G20, a much larger group, I think on a debt-to-GDP basis we're third or fourth, and on a deficit-to-GDP basis we're about third as well.
Really, no matter how you look at it, whether it's large industrialized countries in the G7 or a broader group in the G20, we are among the strongest in the world.