Mr. Speaker, I would like to ask the member a quick question. I have not heard any response other than the fact that we are going to meet this goal that is so easy to achieve, of 3 per cent of GDP. Three years from now we will only have a $25 billion deficit at which time we can bring in new ideas and all that sort of thing.
The IMF, the Globe and many economists nationwide indicated recently that it was not nearly good enough, that it was going to be a failure. They do not seem to read the newspaper or they do not pay attention to what they read. It is one or the other.
There does not seem to be any mention of the fact that in three years the debt is going to be another $100 billion deeper in the hole. They do not seem to take into account that the interest on the debt will go from $40 billion a year to probably $50 billion a year, unless interest rates keep going the way they are.
I would like the member to address the future in that sense.