Canada and Ontario's debt - servicing debt, $10B more than pensions each year.

And in related news.

120million for a brand new bridge linking Ontario to Western Canada..Now all those transports are SoL.We are hearing the Engineers who designed it are from Spain....

Jail guards going on strike, not happy not getting raises. The average guard pulls in 67,000 (Almost what the mean family without pensions pull in). And now its off to arbitration, where they typically don't look at what the people can afford....

Doctors and Nurses still getting stiffed and in line.

Shame, many things the Fraser Institute has long argued, pointed out are bearing "fruit".

But hey, as long the peons keep having to pay for everything and everyone, its no wonder they (the middle class are shrinking).....Amazes me how anyone could gripe about anything Harper has done when right here in Ontario..

And Debt?
Well when overhead takes .55 on every dollar
Interest on debt takes .11 now....

doesn't leave much for the beef. Be it healthcare or bridges.....or many, many, many other things and hence deficits and debt...

Problem for JT is
With Alta in the tank ( oil getting creamed again today)
With Ont in the poor house and many of its residents getting crushed. Unable to save, keep up with exploding cost.

With the world in a state of Who the help knows...

Sure lets spend more, because it feels good and all these things are feel good things....The budget will take of itself

Quote:

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Originally Posted by terrym

Boys, boys, relax. Put your feet up and stop worrying. The budgets will balance themselves. Everybody knows it's ok to increase spending as revenues tank right? We can spend/ borrow our way out of debt. Geez didn't you guys take economics in University or were you out skiing and smoking pot?

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Fishermccann was LOL

Quote:

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Originally Posted by terrym

Boys, boys, relax. Put your feet up and stop worrying. The budgets will balance themselves. Everybody knows it's ok to increase spending as revenues tank right? We can spend/ borrow our way out of debt. Geez didn't you guys take economics in University or were you out skiing and smoking pot?

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Fishermaccann was LOL

Quote:

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Originally Posted by terrym

Boys, boys, relax. Put your feet up and stop worrying. The budgets will balance themselves. Everybody knows it's ok to increase spending as revenues tank right? We can spend/ borrow our way out of debt. Geez didn't you guys take economics in University or were you out skiing and smoking pot?

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Can't speak for others but I was in class. You are right, the Dovregubben* keeps sprouting such outlandish... fiction and I keep rising to the bait... gotta work on that.


* Swedish for king of the trolls - dies when exposed to sunlight.

Interesting that it is now coming to light that Wynne's complaints that Ottawa was stiffing Ontario on transfer payments was not true. Who would have guessed?

http://www.torontosun.com/2016/01/12...er-report-says

Another inconvenient truth that seems to indicate the 'popular opinion' sponsored by the Liberals was perhaps not quite the truth. It may have even had the hint of a fib - more aghast am I that it was possibly an outright lie.

Quote:

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Originally Posted by DGearyFTE

Interesting that it is now coming to light that Wynne's complaints that Ottawa was stiffing Ontario on transfer payments was not true. Who would have guessed?

http://www.torontosun.com/2016/01/12...er-report-says

Another inconvenient truth that seems to indicate the 'popular opinion' sponsored by the Liberals was perhaps not quite the truth. It may have even had the hint of a fib - more aghast am I that it was possibly an outright lie.

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So the federal government increasing funding higher than inflation or population increases during Harper's reign. I suppose it doesn't matter. Wynne's credibility is lower than a snake's belly anyways.

Quote:

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Originally Posted by Dythbringer

So the federal government increasing funding higher than inflation or population increases during Harper's reign. I suppose it doesn't matter. Wynne's credibility is lower than a snake's belly anyways.

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That's not fair to snakes .I like snakes and they serve a purpose on this planet.

Quote:

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Originally Posted by Hunter John

That's not fair to snakes .I like snakes and they serve a purpose on this planet.

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Good one John! After all, as hunters we are caring about the environment. I would pay to see some politicians behind bars at the zoo.

I for one apologize to the people coming up who will inherit this mess. my generation was left in charge of a country in the black with a balanced budget and sensible government. We managed to blow everything all to #$&* in one generation.

I am as "C" as they come but Cons, Libs and the NDP have all been lousy self centered managers.

Hard to argue with that Badern.

Yet when statistics show that since the 60s that.
A) the Middle class is shrinking and losing
B) Back then people spent more on housing/food/clothing than they lost to taxes
C)The poor are still the poor. Not much has changed.
D) The rich or 10% are still the rich or 10%...and then theres the 1%
E) Today the working peons lose more to taxes than they spend on housing/food/clothing (shocking when you consider house prices and the size of mortgages). Wrap your brain around that fact.....

F) Well there are certain laws of physics and math. So if the middle class are shrinking, whats gone up? Well that would be the size and cost of govt of which few will argue all are lousy self centred and care only about winning.


And they blame the 1%
lol!
********

post note.
1% of the population is still just 1% of the population. Regardless of how rich they are, buying them doesn't buy many votes.... And yet still, they (some) want to go after the 1%.......

over to you Gord
:)