Friday, May 4, 2018


   Toronto Sun:  Wake in another part of his outlook estimates the government needs to cut $15 billion in spending (or 8% of the provincial budget) to meet its own “fiscal recovery plan” to bring the budget into balance by 2024.
   That plan envisions “dramatically” cutting spending growth right after the current election, something the Liberals aren’t broadcasting.
   Meanwhile, Premier Kathleen Wynne is campaigning on free daycare, free dental and prescription drug programs, free tuition and a 25% hydro rate cut – with money the government doesn’t have.
   Wynne can’t keep living off deficits, Wake’s report suggests, because tax revenues and federal transfer payment growth isn’t keeping up with government spending. The Liberals have run deficits for 12 of the past 15 budgets and plan deficits into the foreseeable future.

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