Reverie

Let's put 1.1 Billion into Perspective

nottyboi

Well-known member
May 14, 2008
22,447
1,331
113
Billions wasted and who profited by this? and why is no one in jail?
For the most part, the groups opposed to the plants in Oakville and Mississauga are responsible. Should they go to jail for not wanting a powerplant in their area?
 

nottyboi

Well-known member
May 14, 2008
22,447
1,331
113
Good advice.

Why do people bring up Harris and the 407? It may have been a bad deal and it didn't net what it should have but that does not mean it continues to cost us…
That type of logic is equivalent to a politician saying "we were going to raise your taxes 20% but instead we will only increase the taxes 10%, we are saving you 50% on your taxes…" Besides Harris isn't running in this election and neither is McGuinty.

The whole gas plant fiasco was entirely self-serving with the ONLY goal to save two political seats for ONE election. Like it or not Wynne was part of it just like some want to say Hudak was part of the Harris decisions.

I've decided that I will go with those that will cost me the least. I can not stand the thought of the Liberals taking 2% off the top of my pay check and telling me they will manage it for me for retirement. They can't manage money as it is. Thanks but no thanks - part of that 2% funds my hobbying.
Why was it only self serving? Do you not think politicians should listen to citizens when they oppose something? Weren't the citizens of Oakville and Mississauga who did not want the plants to be built there served by the decision to cancel them? The 407 costs Ontario 1.5M/day and will do so for 88 more years that is 10 cents a day for the rest of your life.
 

elise

A car, not a girl.
Sep 22, 2004
404
0
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Who knows what long range f*ckery this guy is capable of.
Exactly... who knows... maybe he will maybe he won't.

I don't use the 407 so its a mute point for me. But I do use electricity and the Liberals have been less than stellar with that.

As far as Wynne goes, their record is the most recent AND the introduction of an Ontario pension plan will drain 4% from a lot of payrolls (2% from the employee and 2% from the employer). That part she said she will do and I'm one of those that it will affect.

It won't cost anything to set up a duplicate infrastructure to administer a pension plan? What says that part of the motivation isn't to have a slush fund that you can borrow from? (oh sure they'll put it back just like every other underfunded big company pension plan has)
 

elise

A car, not a girl.
Sep 22, 2004
404
0
16
Why was it only self serving?

….

10 cents a day for the rest of your life.
NIMBY will always occur and it shouldn't have been started if it was that bad. Poor decision and poor management if it takes that long to listen to the citizens of Oakville and Mississauga. They should be rewarded for that???

Self serving because it was half built when they cancelled it AND TRIED VERY HARD TO HIDE EVERYTHING ABOUT IT. They knew it was wrong.

I'm not up to speed on the 407 details, but how exactly does it cost? Are you just talking about unrealized profit or income?
 

GameBoy27

Well-known member
Nov 23, 2004
12,658
2,536
113
Why don't you do a tally of the cons for the last 10 years too ?
Because that's not the topic and in case you haven't noticed it's a provincial election tomorrow, not federal. Besides, there's nothing stopping you from creating your own list.

Its time to get your conservative head out harpers and hudaks hole. ALL politicans lie, cheat and abuse public funds.
Interesting you say "my conservative head". For the record, I've voted NDP, Liberal and Conservative over the years, both provincially and federally. I don't consider myself NDP, Lib or Con. I base my choice on many factors.

I know for damn sure if the Cons had the Libs track record of the last 10 years there's not a hope in hell I'd vote for them.

Its time for the public to enforce some oversight to all parties.
Remember this Liberal promise? "We will govern with honesty and integrity." Something tells me they came up a little short on that one.
 

GPIDEAL

Prolific User
Jun 27, 2010
23,359
11
38

GPIDEAL

Prolific User
Jun 27, 2010
23,359
11
38
Would like to know also, doesn't the government collect taxes on the 407 land and business?

Absolutely! We have laws that provide for the withholding of income taxes from non-resident foreign corporations. The land was leased for a nominal amount to effect the $1 Billion dollar sale back in the Harris days.
 

GPIDEAL

Prolific User
Jun 27, 2010
23,359
11
38
How many billions of our money did the Conservatives fork over to General Motors?

How much did we get when they sold off the 407 so we could get screwed over daily by a foreign corporation?

They got at least a billion dollars for the sale of the 407 which was a huge chunk of money.

It was applied to the debt or to pay for social services.

This morning, Ernie Eves said that McGuinty sold government assets too when they were elected after the Harris regime (despite their earlier criticisms).

BTW Viggo, the Ontario government owns the new sections of the 407. Do you they charge less? Not to my knowledge. Do we pay less for our beer, wine and spirits than in other jurisdictions? Not to my knowledge. So this rip-off issue about the 407 may be moot, however, I bitch about the high cost too.
 

userz

Member
Nov 5, 2005
758
0
16
They got at least a billion dollars for the sale of the 407 which was a huge chunk of money.

It was applied to the debt or to pay for social services.
The consortium that leased the 407 for 99 years has already recouped their investment and there are 84 years remaining on the deal. This is akin to selling a beautiful house in Rosedale worth millions for $50000 and telling people it's because you want to pay off a credit card balance of $5000. The Conservatives left Ontario in a deficit which they tried to hide.

Editing to add: There is a clause in the deal stating that the government may not build a highway that would compete with the 407. Anyone who thinks this was a good deal for Ontario is a fool.
 

GameBoy27

Well-known member
Nov 23, 2004
12,658
2,536
113
The consortium that leased the 407 for 99 years has already recouped their investment and there are 84 years remaining on the deal. This is akin to selling a beautiful house in Rosedale worth millions for $50000 and telling people it's because you want to pay off a credit card balance of $5000. The Conservatives left Ontario in a deficit which they tried to hide.

Editing to add: There is a clause in the deal stating that the government may not build a highway that would compete with the 407. Anyone who thinks this was a good deal for Ontario is a fool.
Leaving the province in debt is one thing, more than doubling it in the past 10 years is ridiculous. Speaking of credit cards, the interest on that is 10 Billion a year, and what do we get for it? Absolutely nothing!
 

Viggo Rasmussen

New member
Feb 5, 2010
2,652
0
0
They got at least a billion dollars for the sale of the 407 which was a huge chunk of money.

It was applied to the debt or to pay for social services.
The fools didn't get near enough. We could have applied our own tolls to give us far more money.
 

GameBoy27

Well-known member
Nov 23, 2004
12,658
2,536
113
The fools didn't get near enough. We could have applied our own tolls to give us far more money.
Don't worry, the Libs will put tolls on the 401. Considering they don't want to reduce the size of government or cut services, how else are they to balance the books? Other than higher taxes, what options do they have? I guess they could raise the Hydro rates. Hell, they've only gone up 11% a year since they took over. :rolleyes:
 

nottyboi

Well-known member
May 14, 2008
22,447
1,331
113
NIMBY will always occur and it shouldn't have been started if it was that bad. Poor decision and poor management if it takes that long to listen to the citizens of Oakville and Mississauga. They should be rewarded for that???

Self serving because it was half built when they cancelled it AND TRIED VERY HARD TO HIDE EVERYTHING ABOUT IT. They knew it was wrong.

I'm not up to speed on the 407 details, but how exactly does it cost? Are you just talking about unrealized profit or income?

The plant was not half built. They had started but only some of the foundations were in from what I understand. They were quite public about cancelling it. I think when the media go hold of it and started to distort costs the govt clammed up. How does the 407 cost? Sold for 3.1B on a 99 year lease and generates over 500m/year in profit.
 

nottyboi

Well-known member
May 14, 2008
22,447
1,331
113
They got at least a billion dollars for the sale of the 407 which was a huge chunk of money.

It was applied to the debt or to pay for social services.
They got 3.1B for an asset that generated 500m/year. How about this, I pay you 3K and you pay me $500/year for life. Sound like a good deal to you?
 

MattRoxx

Call me anti-fascist
Nov 13, 2011
6,752
3
0
I get around.
Why would the gov't of Ontario fund 2 space shuttle missions, Mr. Hudak?

Don't worry, the Libs will put tolls on the 401. Considering they don't want to reduce the size of government or cut services, how else are they to balance the books? Other than higher taxes, what options do they have? I guess they could raise the Hydro rates. Hell, they've only gone up 11% a year since they took over. :rolleyes:
Good idea. The QEW/Gardiner should be toll roads too.
 

Ridgeman08

50 Shades of AJ
Nov 28, 2008
4,495
2
38
Reading through this thread makes one thing GLARINGLY apparent: THERE IS NO DIFFERENCE between ANY of the current political parties. They all do the same thing. Promise the world, and AS SOON AS THEY get elected, toss their election platform in the shredder, blame the previous government for all that's wrong, and do whatever the fuck they please. Virtually every governing party has done this in the last 40 years!!! Our political system is broken. The problems are systemic, and the political parties LOVE this system, because there is an endless revolving door, and when its their turn at the trough, they all line their pockets!

Time to send them a message by having the LARGEST voter turn out ever... and DECLINE your ballot!

http://news.nationalpost.com/2014/0...ne-of-the-above-without-spoiling-your-ballot/

Is that gonna happen? Not likely in our lifetime. We are all lemmings to the slaughter.

 
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groggy

Banned
Mar 21, 2011
15,262
0
0
Reading through this thread makes one thing GLARINGLY apparent: THERE IS NO DIFFERENCE between ANY of the current political parties. They all do the same thing. Promise the world, and AS SOON AS THEY get elected, toss their election platform in the shredder, blame the previous government for all that's wrong, and do whatever the fuck they please. Virtually every governing party has done this in the last 40 years!!! Our political system is broken. The problems are systemic, and the political parties LOVE this sytem, because their is an endless revolving door, and when its their turn at the trough, they all line their pockets!

Time to send them a message by having the LARGEST voter turn out ever... and DECLINE your ballot!

http://news.nationalpost.com/2014/0...ne-of-the-above-without-spoiling-your-ballot/

Is that gonna happen? Not likely in our lifetime. We are all lemmings to the slaughter.


That's how Egypt elected a new dictator.
All the legit choices boycotted what they thought was a flawed election and the results are back to the bad old days before Tahir square.
 

Ridgeman08

50 Shades of AJ
Nov 28, 2008
4,495
2
38
That's how Egypt elected a new dictator.
All the legit choices boycotted what they thought was a flawed election and the results are back to the bad old days before Tahir square.
So what... this is not Egypt...
 
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