Paul Martin Retrospective Gallery

                                       Copyright Graeme MacKay. Permission to use or publish images is only granted to those who ask. Please contact.
Graeme MacKay is the Editorial Cartoonist for
Hamilton  -  Ontario  -  Canada
November 3, 1999

At the time of the Liberal's taking government in
1993, Canada had one of the highest annual
deficits of the G7 countries. As finance minister,
Paul Martin erased a $42 billion deficit, recorded
five consecutive budget surpluses, paid down
$36 billion of national debt. Martin balanced the
budget by decreasing federal transfer payments
to the provinces, forcing most of them into
deficits. To pay down the national debt, Martin
raided the Employment Insurance fund and the
pension funds of public servants including the
Armed Forces and the Royal Canadian Mounted
Police although much of those funds were
actually employee contributions.