Just like a few pounds accumulated on your waistline over the years, Ontario’s $300 billion in debt is going to be hard to shed, says Tory Finance Critic Vic Fedeli.
A week after Ontario’s debt crossed that mind-boggling mark, and the province’s financial watchdog predicted the Liberal government will add $50 billion more to that total over the next four years, Fedeli said it’s clear there’s no plan to pay it back or cut spending. But convincing Ontarians of the need to cut back might be an even bigger challenge, he concedes.
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