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government has "Flooded small and med\um sized businesses with a sea of paperwork. Instead of creating jobs, they‘re filling out papers." Also, government has "taken the productive sector of this country and taxed it to death." But no new tax funding will be needâ€" ed, Martin stressed. "Any spending will be a reallocation of existing mories." . The Tories specifically have "stood by" while the banks.â€""at the height of the recession" failed to assist entrepreneurs and instead orchestrated "a capital Lrunch that starves the bux|- ness community." "Where you‘re going to see the difâ€" ference is in how we‘re going to create growth. You‘re going to be seeing a lot of detail. We‘ll be saying. ‘this is the program, this is what we expect the payâ€" back to be." " "Instead of quick fixes and megaprojects, we need a national growth program to make mediumâ€"sized businesses grow," Martin said. Martin acknowledged that "the conâ€" try is in real tough shape." and that in terms of stances on battling the deficit, "there‘s not much distinction between the parties," since everyone agrees action is needed. Only 6% of the ballooning in Canadian debt from 1974 through 1991 was caused by more government proâ€" gram spending, Martin said. Another 44% can be attributed to higher interest in Canada (which the government must pay lenders), while a full 50% of new debt assumed federally was linked to shrinking revenues due to stagnant industrial growth. "The crucial thing is to get real interâ€" est rates (bank rates minus inflation) down. Our real interest rate is three times higher than in the U.S. That‘s totally the fault of the Tories. They adopted high interest rates to bring inflaâ€" tion down." Higher interst rates, which make it tougher for businesses to borrow money, have hampered Canada‘s growth and contributed more to the nation‘s debt problems than big government, Martin said. The real flaw in the Tory approach to managing Canada‘s finances lies in illâ€" timed policy, he indicated, particularly with regard to interest rates. Such errors have helped choke off economic, expanâ€" sion. Martin believes. Martin said a Liberal government would pare the annual federal deficit down to 3% of gross domestic product within "the first couple of years" of assuming power and set a goal of elimiâ€" nating deficit spending in roughly six yers. With Chaviva Hosek, martin coâ€" chairs the Liberal national platform committee, responsible for shaping Grit policy in the imminent election. He is also the party‘s environment critic and associate finance critic. By ROB KELLY Special to the Beaver Speaking to an audience of approxiâ€" mately 90 during a fundraiser for Oakvilleâ€"Milton candidate Bonnie Brown and her Burlington counterpart Paddy Torsney, Paul Martin informally kicked off the 1993 federal election campaign by lampooning the governing Progressive Conservatives and detailing some facets of Liberal proposals. Liberal government will focus on economic expansion without throwing more of taxpayers‘ money into stateâ€"sponsored stimulus packages. the party‘s policy guru said at Glen Abbey Golf Course in Oakville Wednesday. Liberal policy maker blames deficit on illâ€"timed Tory high interest policies "A loss of faith is the Tegacy Brian Highâ€"profile Tory minister Michael Wilson endorsed Campbell by saying she represented continuously of Mulroney‘s regime, Martin noted. "No death bed repentance is going to change the way Canadians feel." In Campbell‘s new inner circle, "threeâ€"quarters of them were part of the Mulroney has left to Kim Campbell. It is not a legacy she is going to shake off with a minor cabinet shuffle." Integrity will be a major focus in the upcoming election, Martin said. On that score, he believes the aftertaste of "Brian Mulroney‘s patronage appointâ€" ments" will haunt the Tories. By comâ€" parison, "no one has ever attacked Jean Chretien‘s integrity." Mulroney cabinet." After various resigâ€" nations, Martin questioned what meanâ€" ingful actions Ms. Campbell will take with "the clowns she has sot left." 0100 FRIDAY, JULY 9th 9 a.m.â€" 9 p.m. SATURDAY, JULY 10th 9 a.m. â€" 4 p.m. WYECROFT RD Turn right at green "Village Autocare® 2344 WYECROFT ROAD OAKVILLE, ONTARIO