http://online.wsj.com/article/SB10000872396390444620104578008780171915620.html?mod=djemEditorialPage_h O'Grady: How Canada Saved Its Bacon "Deep cuts in government spending pulled Canada back from an epic fiscal crisis in the 1990s. Former Canadian Prime Minister Paul Martin has a stern warning for the U.S. political class: Get real about the gap between federal revenues and spending, or get ready for disaster.