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Paul Martin no financial wizard
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White Rock, B.C. - Saturday, September 21, 2002 By: Rudy Fernandes |
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tax
haven
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Paul Martin is no financial wizard, except when it comes to his
own personal finances. His company, Canadian Steamship Lines, is registered
in the tax haven, Bermuda. |
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deficit to
surplus
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Paul Martin has been running around the country telling everyone
within hearing that he master minded turning a deficit into a surplus. Yes, he did...but
how did he do it, let me count the ways. |
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- First count - as co-author of the Red Book, Paul Martin swore the Liberals
would scrap the GST. Now the Liberals are considering increasing the GST
by as much as 43%.
- Second count - Martin
and his fellow Liberals fought the Tories for introducing the Free Trade Agreement
which has since provided Canada with tremendous economic growth. In truth, it was
increasing revenues that cut the deficit. Canada debt stands unchanged; it is still
over $550 billion.
- Third and fourth counts
- Martin raided over $30 billion from the Employment Insurance (EI) surplus
and public service pension funds. Also, he introduced tax clawbacks on Old Age
Security (OAS) and Guaranteed Income Supplement (GIS).
- Fifth and sixth counts
- Martin savagely made cuts in Health Care and Defence.
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Believe me folks, Paul Martin is no financial wizard, he is a
brigand. His picture should be shown alongside the word "hypocrisy" in
the Oxford dictionary. |
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Rudy J. Fernandes
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