he people of Canada are going to find out pretty soon whether the folks in Ontario want to keep being our most important Province or our first Province who can’t pay their bills in the next decade.
Heading toward 300 billion of debt with only 13 million people the math is starting to get a bit fuzzy.
If we go back to 5% interest it gets real ugly. Property taxes are thru the roof in the Province.
Then you add on the utility charges that used to be close to the lowest in the country with large increase’s planned in the future it is easy to see why it is hard to create jobs in the Province without buying them.
Of the 3 leaders one wants to, thru attrition and cuts end 100,000 Govt jobs. The other 2 want to add jobs.
Hard to imagine how starkly different those proposals are. The one guy is either a complete loon or there is a very big financial mess to clean up. Both McGuinty and Obama did 1 thing right and only one thing only they both commissioned intelligent people to do a report on getting their financial houses in order. Don Drummond did the
1 in Ontario and Simpson and Bowles in USA and they were both on the money and ended up being flushed down the toilet.
When your closing in on 300 billion of debt without the population to pay it and with huge taxes and your running a large deficit something has to give. Hopefully they will figure out soon the rest of Canada doesn’t want to bail out
Wynne the Pooh. This is going to be a difficult transition for the Province and her people and hopefully they are up to the challenge. McGuinty has taken his act on the road to Harvard and hopefully him and the Ford will be hooking up soon in cell block #5. When you have one party wanting to end 100,000 jobs the unions are going to squeal and it is going to get ugly. Hopefully a new Premier will go after the elected officials pensions and roll them back and also his wages and cabinets to set the example that is needed going forward.