It's a very great asset for us, and it's one we should be preserving. I only wish it could protect us better from what is happening to global interest rates as a result of the fiscal problems, particularly in the United States, as well as some of the things we are seeing in Europe. The other major sovereign debtors have fiscal problems that, in many ways, are worse than ours. Even when we are better than they are, it is still raising the overall level of interest rates around the world.
We protect ourselves with our past good behaviour, and we should be mindful of that.
I've mentioned already—and perhaps it's worth going back to quickly—that the cost of servicing the federal government's gross debt is what is affecting us when it comes to the expenses we have to make as we roll the debt over and we pay debt servicing charges on it. It would be a good idea for us to limit that vulnerability by not piling up so much debt. That would leave us in an even better relative position, which is very much something to be wished for, especially if interest rates are going up around the world.
