Tory Redux

Author: Jon Siemko

  • Tory majority mandate one year later

    What a difference a year makes, a year ago today the conservative party of Canada finally attained their long-sought majority mandate from Canadians. The conservatives were quick to act on several long-standing promises such as

    • Abolishing the gun registry
    • phasing out public subsidy for political parties
    • ending the wheat board monopoly

    Now it looks like the government is shifting its priorities to focusing on the economy for the foreseeable future. Personally, I would love to see more reigning in of government spending  but only time will tell.Overall the first year of majority has been pretty productive for the Tories.

  • Next stop on The Debt Train

    From  Christina Blizzard

    The S&P warning and Moody’s credit downgrade are searing indictments of the McGuinty government’s nine years of reckless overspending.

    If there were a Ministry of Debt, it would be the third largest ministry – with a budget of $10.6 billion we’re paying in interest.

    I enjoy Christina Blizzard  she is an insightful and no holds barred writer. This column is a scathing critique of the liberal spending habits.
    In addition, the facts don’t lie Ontario’s real GDP is being outpaced by the Western provinces and there’s no sign of this trend changing anytime soon.

    Hat tip blue like you

  • The World is Watching Ontario

    Yesterday from FP

    “We believe the province’s main credit challenges include its continuing weak budgetary and debt metrics and its challenging cost-containment plan required to achieve budgetary balance by fiscal 2018,”

    Today from Reuters

    “The downgrade of Ontario’s rating reflects the growing debt burden and the risks surrounding the province achieving its medium-term fiscal plan given the subdued growth outlook, extended time frame back to balance and ambitious expenditure targets,”

    The other shoe has officially dropped, the second credit agency in as many days has downgraded the financial outlook in Ontario. This should be a strong signal to the  McGuinty government to stop their freespending ways. With today’s warnings the province needs immediate action to stop Ontario’s ballooning debt crisis.