Mr. Speaker, I do not share the total pessimism of the opposition spokesperson but I understand his frustration. If he thinks he is frustrated, I can say what it is like being a parliamentary secretary in the Department of Finance for the last two years and having to deal with reality every month.
The reality is that the government has made tremendous strides in the steps of reduction strategy and that it will in the next couple of years reach the targets that are acceptable to all Canadians. It will show tremendous progress on that front.
It has to be remembered that the drain being put on young people is untenable unless we change our ways. We agree with members opposite 100 per cent on that issue. It is hard to imagine that the Government of Canada will probably have to have a cash excess each year of about $50 billion to match interest rates for a while. That is a tremendous burden.
Having said that, the reductions that we are making in public expenditures and in interest rates, and the modest economic growth that we are seeing, are still contributing to a more positive cash flow situation for the federal government. I am optimistic that we will be able to hit these targets and give people enough tax base so that they can accommodate any changes in the CPP.