Tuesday, March 27, 2012

Shameful fiscal performance by our Ontario Liberal Government

I refer you to a blog called “Viable Opposition”, and an article that examines the collective Ontario Governments’ tragic fiscal record since the mid-80s. We had a tiny 30B debt back then and today we have a massive 262B debt. The current Liberal government has our debt growth to near-asymptotic levels, and that should be a crime, punishable by jail time. Seriously. The catastrophic level of irresponsibility they have collectively displayed is unfathomable.

Here is the net debt curve so you can see the ramp that the steep ramp up the current government has created … it is even worse than Bob Rae’s incompetent NDP government of the the first half of the 1990s …


See that flat spot where we were actually reducing debt for a few years in the early 2000s? That’s Mike Harris’s second term as Conservative premier. Nicely done. And then Dalton and the wrecking crew took over and the rest (and Ontario) is history …

And before people try to draw parallel’s to our federal conservatives, they are a different breed. Reform party people akin to Tea Baggers as opposed to remnants of the old conservative party of the last century. Times have changed and it takes a strong premier to bite the bullet. Today’s budget is labeled an austerity budget, but it looks to me like he’s just going to slap around government employees. Probably too little too late.

Anyway … read the article … http://viableopposition.blogspot.ca/2012/03/ontarios-fiscal-history-it-is-not.html