The increase in debt in Ontario has been fairly similar to the Canadian debt, with the exception of the Martin liberals.
Harper has nearly doubled Canada's debt.
Ontario has suffered through the move to make Canada a petro state, which boosted the dollar and killed a lot of manufacturing.
Tax rates had nothing to do with that, and as we can see from Harper's corporate tax breaks, it hasn't done much for Canada to make our corporate tax rates so low.
You are a fool who does not understand what you are talking about
In 2000 the Federal debt to GDP was over 50% while Ontario was 29.5%
After 14 years of liberal mismanagement Ontario's ratio has increased to a dangerous 38% while the Federal ratio has declined to 33%
In addition the Ontario net debt per capita has almost doubled from $11K to $21K , while federally the net debt is flat at $17K for ever Canadian.
Your article shows continued increases in net debt per capita for Ontario while Federal debt loads will decrease
Given the federal personal income tax rates are double that of Ontario
http://www.kpmg.com/Ca/en/IssuesAndI...d-surtaxes.pdf
The Feds are in a much better position to reduce that debt going forward, unless it is Wynnes plan to double taxes
The trends are moving in the right direction for Ottawa , while Ontario is foolishly allowing the debt to grow
If you think these two are comparable , then you are on glue
http://www.fraserinstitute.org/resea...rest-payments/
TORONTO, ON—By every measure, Ontario is much deeper in debt than California, the poster child for fiscal irresponsibility, finds a new report released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Furthermore, according to the most recent information available, interest costs will represent the fastest growing part of the provincial budget from 2012/13 to 2015/16, increasing at 5.5 per cent annually—more than twice the projected rate of growth in health care expenditures.
Ontario is in a bad situation—worse than California. As numerous reports have shown, including this most recent analysis, if the provincial government wants to steer Ontario towards financial sustainability, it should rein in spending,” Speer said.
WRT PM Harper making Canada a Petro State
What a pile of shit
The market demand for oil has been strong for the last decade, while the market demand for Ontario's uncompetive manufactured goods (ex-currency) was constantly declining.
Your implication the PM controlled these market forces is absurd
For decades Federal and Provincial governments (from all parties) have told Ontario Manufactures & unions they had to increase productivity to stay competitive and could not continue to rely on a weak $CAD.
They ignored this advise as productivity in Ontario has remained static while competitors increased their productivity.
That is the reason Ontario's manufacturing sector has suffered
Finally if you still foolishly insist the high dollar is the root of Ontario's manufacturing woes, please explain why the current $0.80 level has not resulted in a rebound in this sector & why the majority of new investments in the Auto sector are going to the southern US & Mexico ?
It comes down to productivity, not your bogy man the PM controlling the currency bullshit
He has no control over our currency.
The more you post the more you come across as a fool
