Doug Ford - no layoffs and 6B in savings!!!
- Thread starter nottyboi
- Start date
Lets address that
When you inherit a bureaucracy, you have to mange it down
Harris got the hand off from Bob Rea, who
a)made changes to the labor laws which made reducing the size of govt way more difficult and expensive
b) built up the size of govt
Make no mistake about it, managing the mess that is Wynnes bureaucracy to smaller govt is going to be difficult and expensive.
But of the three candidates only one is willing to reduce costs
The other two will spend until the borrowers stop lending to them
Again this fixation on Ford, who is a liar who pushed an economic transit disaster as if he was good with money.
Quite right. It's important to put these numbers in some context.
The Rae government was running deficits of about $10 billion a year. When Rae left office, the total provincial debt had topped the $100 billion mark.
Harris reduced the deficit on an annual basis, ultimately leading to balanced books and some surpluses that started to be used to pay off the debt.
However, during the years when the deficit was being reduced, there were still deficits, which meant the debt was growing.
So about $30 billion was added to the provincial debt under eight years of Conservative rule. The province would have added the same amount of debt within three years if the Rae government had been elected to a second term.
Meanwhile, the Liberals have added $170 billion to the debt during 15 years in office, with no end in sight. This has made Ontario the most indebted sub-sovereign borrower in the world.
This has placed the province in a terribly precarious position the next time there is an economic downturn.
http://nationalpost.com/news/canada/how-crushing-is-ontarios-312-billion-debt-really
Says the economic genius who says "Ontario is doing OK"
I would tell you to go buy a clue, however you would need someone else's money to pay for it
What part of "But of the three candidates only one is willing to reduce costs" do you not understand?
Check the stats, Ontario is doing well compared to the rest of Canada.
Your opinion doesn't count for squat, but stats do.
Too funny
No Ontario is not doing OK, ask any economist (not on the union payroll)
Ontario's $300 B in debt is the largest non-sovereign debt load per capita in the WORLD
So compared to all provinces and states in the world who can borrow money, Ontario is not doing OK
The value in statistics is in the ability to evaluate them with rational reasoning and logic
As as anyone can tell, you clearly lack the ability to apply logic & rational reasoning to anything.
Every conclusion you make is driven by ideology and the pathological need to spread propaganda..... the facts of the issue at hand are not important to you
Your opinions may provide comic relief , but they are of zero intellectual value.
The normal right wing media have always tried to criticize Ontario's performance, even last year when the economy was thriving and many jobs were created and unemployment was rock bottom.
This year we have to wait for the real statistical data and not worry too much about the same right wing press that are going to slam Ontario irrespective of the true data.
Which provinces top the standings?
British Columbia and Ontario are the top-performing provinces in Canada, ranking 2nd and 6th among the 26 peer jurisdictions overall. Both B.C. and Ontario have benefited from booming housing markets, in Vancouver and Toronto respectively, and from strong demand for their exports in the United States.
http://www.conferenceboard.ca/hcp/provincial/economy.aspx
So we have to wait for the next real statistical analysis of the data later this year.
