Mr. Speaker, I am delighted to have that question because if the hon. member does not understand it probably a lot of Canadians have not understood as well that the way we declare our deficits is a very cautious method. In other words, we take into account all the accrued liabilities from pensions which are not due in the current year. That means we accrue debts that actually do not require us to outlay cash.
What I said is that over the last two years our market debt, in other words what we have actually gone to the markets and actually borrowed from the bankers of the world, has been reduced by $20 billion. That is not small change in my books.