The Ontario government has started sending out $200 cheques to taxpayers

K Douglas

Half Man Half Amazing
Jan 5, 2005
27,748
8,514
113
Room 112
What has that to do with the debt Doug Ford has given Ontario?

Ford government budget deficits by year

2018-2019: ($7.4B)
2019-2020: ($8.7B)
2020-2021: ($16.9B)
2021-2022: $2.1B
2022-2023: ($5.9B)
2023-2024: ($0.6B)
That's an average of $6.2B per year.

McGuinty/Wynne average deficit per year (2003-2004 to 2017-2018) was $6.5B.
But nobody comes close to the Rae government who over 4 years racked up $44.6B in deficits, an average of $11.15B per year! Which is why the NDP should NEVER be handed the levers of power in this province again.
 

DesRicardo

aka Dick Dastardly
Dec 2, 2022
2,751
2,930
113
McGuinty/Wynne average deficit per year (2003-2004 to 2017-2018) was $6.5B.

It's not comparable. As soon as Ford went into office, the accounting standards changed.

The Liberals are double, possible triple what the stated.
 

bver_hunter

Well-known member
Nov 5, 2005
29,762
7,710
113
More insanity from the leftists...
Better address your concerns with this news media that we all know is not a "leftist" media!!


The righties just live in total denial!!
 

Frankfooter

dangling member
Apr 10, 2015
93,445
23,313
113
The massive debt has gone past the tipping point
if Ontario loses the auto industry to the US, a provincial debt default is assured.
McGuinty added manufacturing jobs, DoFo lost them.
Ford has given us the biggest deficits along with service cuts.

Now the guy who negotiated a 99 year lease he wanted kept secret because it will cost Ontario billions thinks he is the one who should negotiate with trump.
We do not need more NDA protected backroom dealings from someone just looking out for himself.

 

Frankfooter

dangling member
Apr 10, 2015
93,445
23,313
113
Ford government budget deficits by year

2018-2019: ($7.4B)
2019-2020: ($8.7B)
2020-2021: ($16.9B)
2021-2022: $2.1B
2022-2023: ($5.9B)
2023-2024: ($0.6B)
That's an average of $6.2B per year.

McGuinty/Wynne average deficit per year (2003-2004 to 2017-2018) was $6.5B.
But nobody comes close to the Rae government who over 4 years racked up $44.6B in deficits, an average of $11.15B per year! Which is why the NDP should NEVER be handed the levers of power in this province again.
Not according to the Fraser Institute.
By the end of this fiscal year, the Ford government will have run deficits in five of the six years it’s been in office and accumulated roughly $91.7 billion in new debt.

Ford is cooking the books, declaring he has low deficits yet adding more then $10 billion a year in debt.
How do you think that's happening?

Even the Sun says so.

 

Anbarandy

Bitter House****
Apr 27, 2006
11,090
3,650
113
Not according to the Fraser Institute.
By the end of this fiscal year, the Ford government will have run deficits in five of the six years it’s been in office and accumulated roughly $91.7 billion in new debt.

Ford is cooking the books, declaring he has low deficits yet adding more then $10 billion a year in debt.
How do you think that's happening?

Even the Sun says so.

No, no, no .... Thug Fraud HAD NO CHOICE, was FORCED TO, was BLACKMAILED into adding almost a $100billion in deficit spending and net new debt because of Bob Rae 30 years ago - Pepe LaRaue, Skoobie-poop, DesDemoana.

Also, citing that lame-stream, left-wing, bird cage liner, commie rag masquerading as a newspaper to disparage our dear leader just blares out your shameless hypocrisy - same signatories as above plus Trump's TERB bitch Mitch.
 
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DesRicardo

aka Dick Dastardly
Dec 2, 2022
2,751
2,930
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And never forget. McGuinty and the Liberals were/are the biggest liars in Ontario's history.

Completely lied his way into office.

 

Anbarandy

Bitter House****
Apr 27, 2006
11,090
3,650
113
And never forget. McGuinty and the Liberals were/are the biggest liars in Ontario's history.

Completely lied his way into office.

^^^^^^^^^^^^ :LOL: :geek: :ROFLMAO:

Yesh, let's live in the past when the present has become too painful to acknowledge:

It cost taxpayers an additional $612 million so Premier Doug Ford could expand booze sales in time for his early Feb. 27 election, a fiscal watchdog has found.

In a new report, the Financial Accountability Office of Ontario estimates the liberalization tab will jump to $1.4 billion by the end of 2030 due to lower retail tax revenue for the LCBO, industry subsidies and other market changes.

Of that, ”$817 million relates to the planned expansion of the beverage alcohol marketplace starting on Jan. 1, 2026, and $612 million relates to the decision to accelerate that expansion to begin in 2024,” the independent office said.

The report comes one day before Ford is to visit Lt.-Gov. Edith Dumont for the drawing up of the writs for a campaign that officially begins Wednesday.

It will cost between $150 million and $175 million to hold the early election, the first Ontario winter campaign since 1981.

The timing of the vote coincides with $200 “rebate” cheques being mailed out right now to 15 million Ontarians, which is costing the treasury $3 billion. That cash is flowing despite Ontario being saddled with a $6.6 billion budget deficit.
 
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