Mr. Speaker, the economic cycle has its ups and downs. The last down cycle was in 2008, and if people had invested in the stock market they would have seen their stocks go down about 30%. Rather than using fairly draconian measures to bring the economy out of that down cycle, we have come up with a gradual way.
We cannot turn on a dime. A certain amount of time is needed to bring our budget to the country. These gradual changes are a steady method to make changes rather than making dramatic changes that would hurt the economy.