Saturday, April 28, 2018

INHERITING ONTARIO'S FINANCIAL SCANDALS

   NP:   The hanky panky Auditor General Bonnie Lysyk uncovered flows from the Liberals’ need to disguise the degree to which they’ve become dependent on borrowed money to finance extravagant election pledges. And that reliance on debt results from 15 years of spending that has left the province $312 billion in debt, with $1 billion a month going to interest payments alone.Now all three parties — not to mention the taxpayers of Ontario — are stuck with the result, and some heavy recalculations may be in order to deal with the fact. Wynne’s Liberals faced a tough enough task convincing Ontarians it was worth an additional $6 billion yearly shortfall to finance the daycare and pharmacare programs they promised in their latest budget; but if the real gap is $12 billion, with no end in sight, the convincing becomes that much more difficult.
    Doug Ford, the Progressive Conservative leader, adopted an appropriately sober air as he assessed the situation. It may be, he suggested, that a Tory government wouldn’t be able to balance the budget as quickly as he had figured. He would, however, make sure voters knew who to blame

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