Moody’s changes Ontario outlook to negative from stable
Higher than anticipated deficits, weak growth cited as primary reasons for change
The Canadian Press Posted: Jul 03, 2014 1:22 AM ET Last Updated: Jul 03, 2014 1:22 AM ET
Ontario Finance Minister Charles Sousa, shown here beside Premier Kathleen Wynne, said the Liberal government will eliminate the province’s $12.5 billion deficit by 2017-2018. (Aaron Vincent Elkaim/Canadian Press)
Big congratulations to the teachers’ union, the OPP Union and other gangs of civil servants who voted the Liberals back into office, thereby temporarily saving themselves from unemployment. In the words of Ernest Hemingway, “ask not for whom the bell tolls. It tolls for thee.” You hung on to your entitlements (albeit briefly) but look at this:
LIBERAL SCANDALS and wastage means that the service costs on Ontario’s $12.5 billion dollar debt will go up. Ergo: either taxes will increase or service levels will fall…..well done, union brothers and sisters! There go your entitlements! Now what? Most will not have complementary skills to land jobs in the private sector. Solidarity forever, brothers and sisters!