Ontario is Wynn's World

[Anonymous]

In today's Toronto Sun, "Since Dalton McGuinty took office, the debt has doubled. Debt-to-GDP has climbed from 13% in 1991 to 39% today. Interest payments on the debt are now the province's third largest expense at $11 billion. It's become clear our fiscal irresponsibility is downright immoral. Moody's credit rating agency pointed out Ontario's debt problems."



Then there is the failed green energy policies that are subsidizing energy costs in surrounding states. This has made energy costs more expensive for Ontarians. The result is good manufacturing jobs have left the province. Not to mention the gas plant debacle.



Ontario is now a have not province and Kathleen Wynn has no plan to change that. The Liberal did not deserve another mandate, but got one anyways last night. I pray it is not possible to do anymore damage than what they have already done since 2003.

[Anonymous]

Hey, we elected Redtory. Who the fuck are we to judge.

[cc]

http://business.financialpost.com/2014/06/13/ontario-election-2014-debt-downgrade/">BlackRock says it's on 'high alert' for Ontario debt downgrade after Wynne victory



Ontario's borrowing costs spiked the most in six months Friday as investors wagered the province's credit rating will be cut after Kathleen Wynne's Liberals won re- election on a plan that would increase the deficit.



The extra yield investors demand to hold Ontario's latest 10-year bond over a Canadian government benchmark note rose 2 basis points at 10:20 a.m. in Toronto, the biggest one day jump since January 10, according to data compiled by Bloomberg. Standard & Poor's has a negative outlook on the province's AA- credit rating, a signal it expects a rating change will be lower. Moody's Investors Service called Wynne's fiscal plan a credit negative on May 2.



That & GOOD buddy London Lib mayor found guilty today - off to a roaring start

[keeper]

Hey, we elected Redtory. Who the fuck are we to judge.

ummm NO , I didnt, this is all on you guys

[Anonymous]

Hey, we elected Redtory. Who the fuck are we to judge.

ummm NO , I didnt, this is all on you guys

Hey, I voted WRA Keeps. The current premier(Hancock) is my MLA.

[Anonymous]

Ontario's incredibly inept Liberal government is pulling down Canada's prospects.

The rest of Canada was more of a participant in last week's Ontario election than they'd probably like to acknowledge.



Onlookers in more fiscally stable regions might have sat back on the couch with a bowl of popcorn to chuckle as the results poured in.



"Will it be 'Welcome to Hell: The Sequel'? or will they dodge the bullet?" they might have asked their spouses.



But when one province makes up more than a third of the country's population, we're all in this together.



For starters, if energy prices in Ontario continue to rise and jobs leave the province, that'll impact the general economy.



People in Ontario will pay less federal tax, buy fewer domestic goods and cut back on vacations among other household spending.



Then there's the more direct money drain of equalization payments. In 2009, Ontario became a "have-not" province. It takes out of the pot more than it puts in. For 2014-15, Ontario will get $2 billion.



Provinces like Saskatchewan and Alberta, which have a greater median family income and lower debt per capita than Ontario, are paying for this.



We're in trouble when Canada's most populous province is on the "takers" list. Yet Ontario voters just gave the Liberals — who presided over Ontario's negative turnaround — a four-year majority. Yikes.



To paraphrase the Iron Lady, sooner or later we're going to run out of Alberta's money.



Besides, the very people who think reducing our spending is wrong tend to be the same who think our resources sector should be shut down.



Even if the Toronto latte crowd is morally okay with turning Albertans upside down and shaking them for cash, they should at least understand that without resource extraction there won't be any wealth to share.

Restraining spending and growing the economy is the only way to move forward together in these sluggish times. Ontario Premier Kathleen Wynne must bring Ontario back to black.



When Canada's premiers met in 2013 it was in Ontario and Wynne chaired the meeting.



This August when they meet in PEI, someone like Saskatchewan Premier Brad Wall needs to take the reins and teach these spendaholics how it's done.



Ontario and the have-nots are simply endangering Canada's future prosperity.

http://www.edmontonsun.com/2014/06/16/canadians-pay-for-ontario-verdict">http://www.edmontonsun.com/2014/06/16/c ... io-verdict">http://www.edmontonsun.com/2014/06/16/canadians-pay-for-ontario-verdict

[Anonymous]

Ontario's incredibly inept Liberal government is stifling Canada's economic growth.

The rest of Canada was more of a participant in last week's Ontario election than they'd probably like to acknowledge.



Onlookers in more fiscally stable regions might have sat back on the couch with a bowl of popcorn to chuckle as the results poured in.



"Will it be 'Welcome to Hell: The Sequel'? or will they dodge the bullet?" they might have asked their spouses.



But when one province makes up more than a third of the country's population, we're all in this together.



For starters, if energy prices in Ontario continue to rise and jobs leave the province, that'll impact the general economy.



People in Ontario will pay less federal tax, buy fewer domestic goods and cut back on vacations among other household spending.



Then there's the more direct money drain of equalization payments. In 2009, Ontario became a "have-not" province. It takes out of the pot more than it puts in. For 2014-15, Ontario will get $2 billion.



Provinces like Saskatchewan and Alberta, which have a greater median family income and lower debt per capita than Ontario, are paying for this.



We're in trouble when Canada's most populous province is on the "takers" list. Yet Ontario voters just gave the Liberals — who presided over Ontario's negative turnaround — a four-year majority. Yikes.



To paraphrase the Iron Lady, sooner or later we're going to run out of Alberta's money.



Besides, the very people who think reducing our spending is wrong tend to be the same who think our resources sector should be shut down.



Even if the Toronto latte crowd is morally okay with turning Albertans upside down and shaking them for cash, they should at least understand that without resource extraction there won't be any wealth to share.

Restraining spending and growing the economy is the only way to move forward together in these sluggish times. Ontario Premier Kathleen Wynne must bring Ontario back to black.



When Canada's premiers met in 2013 it was in Ontario and Wynne chaired the meeting.



This August when they meet in PEI, someone like Saskatchewan Premier Brad Wall needs to take the reins and teach these spendaholics how it's done.



Ontario and the have-nots are simply endangering Canada's future prosperity.

http://www.edmontonsun.com/2014/06/16/canadians-pay-for-ontario-verdict">http://www.edmontonsun.com/2014/06/16/c ... io-verdict">http://www.edmontonsun.com/2014/06/16/canadians-pay-for-ontario-verdict

[Anonymous]

Ontario, your irresponsible election choices are bad for all of Canada.

OTTAWA — Finance Minister Joe Oliver was warned in a meeting Monday with top Bay Street economists that Canada's economy is at risk unless there is more job creation in central and eastern Canada.



One of those economists, Douglas Porter, chief economist at BMO Capital Markets, told reporters after their meeting with Oliver that Alberta alone has accounted for 80% of the entire country's new jobs in the last year. Porter said current high oil prices will likely only worsen that concentration of job growth.



A healthier economy is one which would see steady job growth across different regions and different sectors, Porter said.



The meeting was part of the finance minister's annual budget planning cycle.



Next year's budget will be Oliver's first as finance minister and he should have lots of fiscal flexibility if he chooses to tackle problems like slow job creation outside of Alberta.



Oliver told reports there is a consensus among economists that Ottawa will be out of deficit

by 2015.

http://www.edmontonsun.com/2014/06/16/weak-central-canada-a-big-risk-to-canadas-economy">http://www.edmontonsun.com/2014/06/16/w ... as-economy">http://www.edmontonsun.com/2014/06/16/weak-central-canada-a-big-risk-to-canadas-economy