Since before the budget was passed the Ontario PC caucus has been focused on tackling the provinces ballooning debt crisis and proposing ways to get Ontarians back to work. I liked how Tim Hudak strikes an optimistic tone at the end of his speech on Tuesday.   Anyone interested in the direction of the provincial Conservatives should watch this .

From the speech

So tonight, my message to you is this: There’s a real belief out there that Ontario can come back – if only we could burst through the deadening inertia that today hangs over Queen’s Park like a fog.

By taking a new path.

I see that Ontario out there, through the mist. An Ontario of unbounded promise and confidence. Where success is a badge of honour, not a dirty word. Where hard work and innovation are rewarded, not regulated, taxed and punished by a government that looks to business planners – not central planners. One that treats energy policy as an economic fundamental – not a plaything for social engineers.

A government that works for its citizens. Not the other way around.

And where a free and prosperous people are urged not to lower their sights, but to aim for new heights.

This is the Ontario that was meant to be.

I say to you that it’s not just within our reach.

It’s on its way.

Thank you.

Related
Tim Hudak on CKTB about West Lincoln Memorial hospital

 

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

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.