Editorial: Ontario – Land of red ink
Posted on March 28, 2011 by Jack
From economic engine of confederation to fiscal basket case, Ontario has come a long way under the tenure of Premier Dalton McGuinty’s Liberal government. It now is saddled with a $17,000 per-capita debt, and is spending 10 cents on the budget dollar on interest payments.
True, the Progressive Conservative administration of Ernie Eves left a pool of red ink to mop up. But since then, the Liberals just haven’t been able to stop spending. In the years since Mr. McGuinty took office in 2003, program expenditures have soared by 90.5%, well beyond the rate of inflation and population growth. The result: Ontario’s debt has reached 36% of GDP, and Standard and Poor has warned that the province’s credit rating is at risk.
[More]
...you might also want to ask dulltoon about his promise of civil servant wage freezes; ie: how many people were frozen, how much money is being saved, etc.
No comments:
Post a Comment