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.

By any  standard tomorrow’s Alberta provincial election has  the potential to be historic. In one of the final polls of the campaign Angus Reid shows the Wildrose  winning a momentous mandate.

From  Prince Arthur Herald

The rise of the Wildrose was made possible by the Tory drift. Formed by disenchanted provincial conservatives looking for an alternative, it enjoyed single digit support and won no seats until 2009, when it won a Calgary area by-election and chose former journalist and policy analyst Danielle Smith as its leader.  Since then it has risen to first place in the polls and seems likely to form at least a minority government after the election this Monday.

Danielle Smith represents a breath of fresh air for small c conservatives and libertarians. Though a libertarian on most social issues, Smith is a strong fiscal conservative and a defender of individual rights. She is the first provincial conservative leader in as long as anyone can remember who is both articulate and charismatic. If elected on Monday, she will be the first unapologetically right wing Canadian premier since Mike Harris left office a decade ago.

Tomorrow night should be interesting, now. It’s  up for the voters to decide. However, good luck to Danielle Smith .

Hat tip Blue Canada

Recently Ontario PC leader Tim Hudak has been crisscrossing the province  hosting a series of round tables with business and community leaders. These gatherings serve a couple of purposes first these are great opportunities to connect with individuals who are most impacted by the liberal government’s lack of a long-term fiscal plan. Secondly and more importantly Tim Hudak is beginning to methodically lay out his  vision for the province of Ontario. Now one of Hudak’s priorities as opposition leader is not to just oppose but bring forward thoughtful ideas. In addition the Ontario PC party has been consistent with their proposals since the  budget was first introduced.

•     Controlling spending, reining in deficits and paying down debt;

•     Reducing costs for businesses through lower taxes and affordable energy;

•     Creating 200,000 new skilled trades jobs by fixing the apprenticeship system;

•     Changing the attitude of government: Competing US states meet with companies to ask what can be done to attract their jobs, plants and investment. In Ontario, they are shown into a roomful of bureaucrats and told all the things they can’t do.

Like many Ontarians across this province the government should be able to live within its means.