Tax Talk 50: Paul Martin on Stopping the Debt Clock

Paul Martin served as Canada's 34th finance minister from 1993 to 2002 and Canada's 21st Prime Minister from 2003 until 2006. During his time in office, he balanced Canada's budget for the first time in a quarter century, debt as a percentage of GDP dropped from 81% to 45%, and interest payments decreased from 30 cents on the dollar to 13 cents. For these achievements Paul Martin was honoured by the Canadian Taxpayers Federation on May 31st, 2014, and presented with the "Stop the Clock" award for getting Canada's finances in order and reducing Canada's debt. This podcast features an excerpt from his acceptance speech. Plus our usual features – the Comment of the Cast and our Waste of the Week!