But, Llywydd, everything that I have mentioned was created by borrowing. All of those things relied upon the willingness of previous generations to borrow to invest in the future that we enjoy today, and we have a similar obligation to do that for the people who will come after us.

Now, I don't suppose that Nick Ramsay, for a minute, goes along with the arguments that Mr Hamilton put out, but he doesn't know how to respond to the investment that this Government makes in the health service. He can't make up his mind whether he wants to welcome it, or whether he wants to say that the money isn't being used wisely. He wants to complain about severe cuts to local government in Wales, when in fact budgets in local government are going up under the budget that's in front of this Assembly this afternoon. He asks us to celebrate the investments made by the Chancellor on 22 November, and, of course, we're determined to use every penny that we get from the Chancellor as wisely as we can. But the capital money that came to us on 22 November leaves us only 20 per cent lower than we were a decade ago, rather than the third lower than we were before he stood up.