Tory Redux

Author: Jon Siemko

  • 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.

  • A Night of Steynamite in Toronto

    Tonight the Toronto convention center should be rocking as the one-man global content provider Mark Steyn brings his unique brand of informative insight on current events and entertainment to the big smoke. Recently, I had the chance to finish Steyn latest book after America. It  left me with a simultaneous sense of dread and amusement.

    Also no one can quite explain the integral issues of freedom of speech and individual liberty quite like he can. If you’re in the GTA  tonight and tickets are still available,  Steyn is definitely worth checking out.