Mr. Speaker, I thank the hon. member for his question. Maybe he needs some down home farm examples so he can understand how annual deficit and accumulated debt really work.
Let me compare it to a farm. In terms of my farm or the farm of any member over there, we have had capital investment in terms of our mortgages, equipment and so on. We pay our interest payments as the year goes by. But what is very important is the operating capital in terms of being able to use that capital to operate so we can pay the interest on our mortgages and remain in business in a very productive and progressive way.
What we have achieved in comparison to that is that we have paid off our operating debt. We have the accumulated debt to pay in the future. On an operating basis we have surpluses of moneys with which we can gradually pay down that debt. As we said in the election campaign we can split it 50:50, put some of it toward debt reduction and tax reductions and with the other 50 percent we will make investments in terms of social and economic programs. That is major progress.