Toronto has problems also, yet Ford jr spent 3B he didn't have to serve fewer people. So what on earth makes you think his bro is gonna be any better.
Doug Ford - no layoffs and 6B in savings!!!
- Thread starter nottyboi
- Start date
1.) The 407 was leased for 99 years and reverts back to the Ontario Government around 2096. Maybe drones will be the form of transport and the 407 will be a dinosaur by then, requiring the Government to reshape the infrastructure / highway. Especially as it costed the Government $104 billion to purchase and construct it in the first place.
2 & 3.) For sure the deal was too much of a sweetheart deal at around $3.6 billions with no stipulations as to the charges to customers and the amount that they can raise the rates. They have increased the charges every single year. That is why it has gone up by over 1000% compared to day 1 of the charges kicking in, making it the most expensive highway on the planet. Compare the amount the Hydro rates have increased by since 1996, and there is no comparison.
4.) Not true as the Ontario Government completed the extension of the 401 to the 412 and further Eastwards to Oshawa. That is why the Province owns this part of the extension and the rates are significantly cheaper than the 407ETR. The 407ETR collects all the tolls and forwards the Province it's share of the 407East, minus their costs to collect those tolls. So let's get that fact right.
5.) Yes it reverts back in 2096. But imagine the amount of profits that the 407ETR has managed to make. All because of the stupid let's balance the books by the Harris Government and sell the hen that lays the golden eggs.
6.) Again the only revenue that the Province gets back is for the 407 East as explained above.
It's bad enough one party has a 'leader' without a platform or policy to evaluate and vote for or reject. How would two be better for voters?
1. The bulk of the money that you are stating that the government paid out was NOT to construct the highway, it was to ACQUIRE the land. If the highway is a dinosaur by then, then the province can rip it out and sell of the land and make a fortune..
2. It's free enterprise. If you feel the highway is too expensive, then don't take it. Again, the Spanish paid the MOST for it ON THE PLANET. If you wanted to pay more, there was nothing stopping you. Get over it.
3. I stand corrected. But the Spanish did pay for the extension of the 407ETR to Brock Road in the east as well as the segment through Oakville and Burlington back in the early 2000's as part of the agreement.
4. I am not debating whether or not the province should have sold it. I am saying that the result of the tender was the best deal possible for the province. People will accept tolls being raised by the Spanish owners, they would never accept the province raising tolls and it would have become a political hot potato. If the government had of owned it, it would have been a money loser for sure.
Oh Boy
Do you have to defend your brother when applying for a job?
anyone in your family that you care not to be judged by?
I agree
Elliot or Mulroney would have been my preference as PC leader, however we only have three choices now & only one of them says he will address the debt monster. The other two do not & can not
I honestly think we are four years too late, however a liberal or NDP win in 2018 will defiantly result in a financial disaster when rates move up
we have a responsibility to the next generations to do what we can to avert that very predictable mess even if it means watching a three ring circus in queens park
Yeah I think Elliot or Mulroney would have been better choices especially to go against Wynne and Horvath.
To me with Ford you get only the hard core PCs but lose the people on the fringe who swing either way.
They were a team, everyone knows that, except you seemingly. Did he oppose that when he was on council? noooooooooo he did not, how shocking.
No need. I knew what the words "shell game" meant long before Google was ever invented.
This is one of the oldest political tricks in the book. You forecast an artificially inflated deficit target and then bring in an actual deficit that is lower than that number and claim that you have "beaten" your deficit target.
Ontario's debt was about $140 billion in 2003 when the Liberals assumed office. It is now more than $310 billion, making Ontario the most indebted sub-sovereign (eg., not national) borrower in the world.
Some of the Liberals' recently announced policies are popular, but the green energy fiasco and the total mishandling of the energy file aren't popular at all.
Wynne promised she would fix the problem. Instead, she's made it worse and is doubling down with her cap and trade plan.
That says that you won't put the voters first and you shouldn't be trusted in office.
That's what it says.
Doug let Rob get in a situation where he was blackmailed and made the city a laughing stock.
That says he won't put the province or voters first or do the right thing.
Too funny, you would eat glass before throwing a union brother under the bus, let alone your physical brother
Doug let Rob ?????
do you control your brothers decisions?
Grow up
Where is he getting the money from? Trump's tarrifs? Two con-blow hards kiss each other maybe? There is no money left in Ontario.
That and the debt
The debt issue is one the entire liberal party bought into
Ongoing deficit financing & large government is a fundamental issue which defines the entire party platform.
The whole lot of them have been unbelievably irresponsible.
Time for a change
1. Off course it was for acquiring the land. The highway was paid for by taxpayers money, why should it now be beyond the reach of those taxpayers? Would you build a house for $1 million and lease it out for ninety nine years at $36,000? Ohhh but it will be all yours after 99 years. and then your children / grandchildren can sell it after they have renovated it, but you made $30,000 and still owned the house. That is your logic.
2. Again this was a hen that laid the golden egg and the Government could have reaped the benefits of the 407ETR so that it was income for the stuff like schools, libraries. infrastructure etc.
3. That was peanuts for them. It is like they got the land for free. The amount they charge in toll has paid off the cost for building the highway.
4. Not true, as the people are pissed off with the 407ETR. Go north of the city and see for yourself. It is an elitist highway that the not so wealthy avoid using. I use it because I can charge it to the company. The Government would not be so stupid to increase the tolls to that extent. But they in no way would lose money on it as they are charging for the 407 East and at a more reasonable cost and making a profit.
Because Conservative governments have been so good at eliminating it. Under Harris, the provincial debt increased by 30% despite being in an economic boom.
For that matter, the Ford Administration in Toronto didn't exactly fulfil it's promises of cutting taxes.
Like the best deal woulda been to leave us un-amalgamated so we coulda finished the Eglinton Subway we were digging.
