[Tragic Misunderstanding of financial mess they are in. ]
I wonder how many folks know how badly the mess that Kathleen Wynne, Dalton McGuinty and Charles Sousa have made of things really is.
As a result of money simply tossed away through the scandals that we know about and likely dozens of others yet to be revealed, year after year, by wasting more money than they collect, those accumulated deficits have grown into the elephant in the room. Ontario’s provincial debt (currently at $2.6 Billion) is NOW the highest of any non-national level of government on the planet.
Think about it for a moment because that is now your debt and a shabby legacy of debt left for yet to be born generations!
The present scandal plagued regime has made a once economic giant into world leaders – in debt. When weighed against jurisdictions such as USA states with often ten times the population of Ontario, the Province of Ontario is now the leader in amassing debt. From once holding a lofty place among the world’s economic powerhouses, the accumulation of annual deficits has plunged Ontario into the shameful status in becoming the world’s leader in debt.
We have fallen into last place among all of Canada’s provinces and territories. Our debt load is now worse than any USA State. The Liebeal government has plunged Ontario into such a bleak and discouraging debt situation that has now passed debt loads of non-national jurisdictions such as Artibonite province (known as department) in Haiti or any of Jamaica’s 14 parishes.
But a long awaited Provincial election is just beyond the horizon. In 2018, Ontario voters will have the opportunity to rid ourselves of the incompetent and corrupt political regime that has inflicted immeasurable financial damage to Ontario.
Those of us in the alternative media need to redouble efforts to keep voters informed while main-stream-media (MSM) aids this scandal by refusing to keep folks properly informed. It makes you wonder what agenda is at work in the large media houses of the MSM.
As we are now about to turn the calendar page into a brand new year (2017), we can begin counting down what hopefully will be the final year of Lieberal government in Ontario.
It is predictable that we can expect an all out assault on our common sense and intelligence by of misleading information delivered straight from the Lieberal back-rooms to the front pages of your daily newspapers and as lead stories on the six o’clock news.
The Lieberals are going to be extremely devious during their final 12 months – count on it. They (the Lieberals) enjoy the trappings of office and of power. Spinning and producing misinformation has become the stock-and-trade of one of the world’s most corrupt political parties.
Wouldn’t it be wonderful if the upcoming 2018 Ontario elections not only removed the Lieberals from power but put the entire sad-sack bunch out of politics – forever?
The litany of scandals is now longer than any list of Ontario Lieberal successes. I doubt that Ontario folks will be quick to forget or forgive things like gas plant scandals etc. Nor should we, in the alternative media allow the dirt to be swept under the rug. Formal criminal charges are now before the courts for two high-up Lieberal operatives. Scant coverage of those criminal charges won’t make it to the front pages of your daily paper or as news-worthy on the Six O’clock news. Premier Wynne likes it that way. Out of sight and out of mind.
Prepare Yourself and Inform Yourself
Ontario Treasurer Charles Sousa will be busy trying to spin things to make the economic picture less gloomy than it actually is.
The most recent “spin” is that they will be coming up with a zero-deficit annual budget. Well,,,, that is not exactly accurate.
Through hocus-pocus (funny) economics, Sousa has simply swept the dirt under the carpet. There are only two ways in which ANY government can reduce and remove deficits. You either reduce spending or increase income. That’s the way it works in Economics 101 and precisely the way it works for any family.
The Lieberals can’t reduce expenses. Large scale spending is in the DNA of any Lieberal. That spending allows them to appear to be accomplishing things – all the while just amassing more debt. That is debt for you, your kids and their kids. Nor can the Lieberals increase income. Their regressive energy policies have driven jobs out of the Province thus losing potential income tax revenue.
The Lieberals have created a “lose-lose” situation for themselves. That situation will ultimately end two decades of bad government in Ontario. They can’t stop spending because folks see the ineptness without the frills and ruffles of wasteful and expensive projects. Alternately, having literally bled jobs. “Ontario took the brunt of job losses in July, losing 36,000 jobs”( The Huffington Post Canada ; By Daniel Tencer – August 5th, 2016) any revenue stream for tax has evaporated. Watch and fear what looms just around the corner as Wynne and Sousa launch into an unneeded and inappropriate “carbon tax” grab. How many more Ontario businesses and factories will see for sale signs posted in front of former work places?
Upon a bit of digging, it is interesting how Sousa arrived at a zero deficit situation. Simply sell off a few provincially owned business (such as Hydro One) and remove reserves for contingencies (emergencies) and Sousa has produced an illusion worthy of praise from Houdini.
Back to kitchen table economics and the real life situations of families. Sousa is REALLY saying that they sold the family car and home and therefore kept from going FURTHER into debt in 2016. He just cashed in the family insurance policies and used the proceeds to hide more financial waste.
It’s ironic that Ontario now also leads the way with another grim/Lieberal caused statistic. We are now among North America’s most expensive electricity producers. Brace yourself for even higher electricity and fuel bills as you are about to experience “carbon tax”.
Marie Antoinette once said,” Qu’ils mangent de la brioche” (let them eat cake). It sounds very much like Kathleen Wynne’s advice to Ontario families burdened with soaring home heating costs, “wear an extra sweater”. We know what happened to Marie Antoinette.
Good news Ontario: we are near the end of twenty dark years of Lieberal government. In the words of the Munchkins, “Which old Witch? The Wicked Witch!” and we are all anxiously waiting to see if the house falls on top of Ontario’s biggest problem – bad government.
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Copyright Thunderbird Rising 2016
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