Costs Of Ontario's Election

[Craig Read]

Uncle Ernies last budget was ridiculed by the Dominion Bond Rating Service and Standard and Poor's - both said that between $1.2 B to 2.0 B in deficits would be expected from the Budget, contrary to Ernie's snivelling that he would balance the books.

Today it is revealed that Uncle Ernie's desperate attempt to buy votes will cost an additional $2-3 Billion.

Howdy Doody McGuinty's debt pile up is unknown but some suggest $5 Billion.

Happy Howie Hampton, he of the Communist Party believes that money is not relevant in the post modern world and would print as much as he wants.

Taxes have multiplied per household in real dollars 3 x in the past 35 years !!!

Debt levels now exceed $170.000 per capita !!

Ontario's debt alone is $115 Billion - $10 billion more than when Ernie took office !!

Helloooooooooooo - anyone home ???????

Watch the debate - posturing, bromides, crying, tears, compassion and nary a whit about real issues.

Vote for Mickey Mouse. Write him in, Mickey is better than the 3 Stooges.

[Cameron]

You guys got a problem there in Ont. I don't know what to say. It seems that you have run out of political bean-counters to vote for. Sounds like a time for the Alliance to make a triumphant entrance to the scene (well, it's too late now...but you get the point).

CR - Is their any hope for your province, other than turning off the money taps to the rest of the country (that's a federal mandate any how...)

[dnsfurlan]

What I'm gonna find interesting is just how Howdy Doody is going to deal with the province's financials, especially since the usual Liberal Modus Operandi in such matters is to buy people off, or tax the rich. Good thing Ontario doesn't have a military, since you know liberals love gutting defence.

He's already trying to downplay expectations by saying it will take time. And, of course, whatever mess he makes he'll blame if on Ernie Eves.

Howdy really finds himself in a fine predicament. He promised no new tax cuts. He also didn't promise to raise taxes either. And he promised spending. Something's going to have to give. He won't be able to deal with the defecits by holding to his campaign posture.

You know liberals always have something up their sleave. I wonder what it will be this time.

[Craig Read]

Well Howdy finally revealed what was up his sleeve - lies, lies and more election lies.

During the campaign Howdy said he would balance the budget. Now he says a $5 billion deficit is the minimum to expect.

Howdy promised 220 spending increases during the election. Now he states that no new spending can occur given the deficit. So instead Howdy comes up with the following bright ideas:

-Insurance rates are frozen for 90 days [this means higher premiums and lower deductibles in the future]

-Energy rates are frozen [Ont. Hydro is bankrupt, this means no new investment, higher future taxes]

-Tuition fees are frozen [which will result in higher debt levels for taxpayers as rising costs are not compensated by revenues]

-Mandated smaller classrooms [no evidence exists as to the merit of this idea but it does mean more spend]

-Business tax repeals [cost is about $2.2 Billion]

One knows that Howdy will end up raising taxes to bridge the deficit in year 2 of his Kingship. Year one under Ont. law he can run a deficit. In year 2 he must balance the books.

So get ready for a media blitz - da Canadian value blitz - replete with photo ops, tearful immigrants and old people eating dog food - as the Liberals tell you why taxes must go up - to fund the poor and old of course. Meanwhile the money will flow into a myriad of programs most of which are inefficiently managed [like Health Care] or unaudited or just plainly unnecessary.

No reforms please we are Canadian.