what deficit?....
In the early days of the Hawke Government, when Labor and a dynamic young treasurer, Paul Keating, kept confounding a hostile and suspicious business community with market-friendly policies, the cartoonist Patrick Cook would draw the then former treasurer John Howard as a battle scarred veteran. Howard was covered in plasters and bandages of the battles — of which the legends grew — that he'd had with his prime minister Malcolm Fraser, to try to push a deregulatory agenda that was then sweeping other parts of the Western world. By the time Paul Keating was handing down budgets, ...