Ontario is awash in red ink and politicians are rushing to dive headfirst into deficit river.
In this spring’s provincial election campaign, leaders have been crisscrossing the province trying to sell their spend-happy plans to voters. Every major party is pledging to run a deficit at or above $19.9 billion, a record-high in the entire history of the province.
Our politicians would have Ontarians believe that of all of this government debt won’t impact today’s taxpayers. They squirm when taxpayers rightly ask what deficits will mean for future generations, but most politicians continuously claim that deficits are necessary and won’t impact taxpayers in the short-term.
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