Yes, that is what it is.
The government is making cuts in the health sector, in transfer payments for education, health and social assistance. It is easy to pay down its deficit. Actually, all they have to do is stop paying the invoices or have them paid by the poor or by others. It is easy, just as it is easy to become rich.
People call themselves good businessmen nowadays, and say that they have made it. If the Canada Information Office and the sponsorship system threw a million odd in my pocket every day, and I did not have to lift a finger, or do a stick of work, I might be a financial success.