As the Fraser Institute explained in a report last week on Ontario’s finances, all is not rosy for Ontarians on the deficit front.
That’s because the Liberals accumulated debt for this year is projected at $311.9 billion, almost 125% higher than the $138.8 billion debt the Liberals inherited from the Progressive Conservatives when they came to power in 2003.
Interest still has to be paid on that $311.9 billion by taxpayers, at a rate of almost $1 billion a month, or $11.6 billion annually.
I am pretty sure we can catch up with you guys. Just give Red Rachel another term. The Ed Journal had this piece a few months ago. http://edmontonjournal.com/news/politics/budget-day-2017-fiscal-plan-unveiled-thursday-afternoon
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