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has ontario under dalton mcguinty returned to the bob rae era of deficits
yes
100%
 100%  [ 7 ]
no
0%
 0%  [ 0 ]
Total Votes : 7

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RCO





Joined: 02 Mar 2009
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Location: Ontario

PostPosted: Fri Mar 27, 2009 9:32 am    Post subject: Ontario has returned to the Bob Rae deficit era Reply with quote

( with the return to massive deficits it appears the once might ontario has returned to the bob rae era under dalton mcguinty , who is now going to spend us deep in debt to try and get us out of recession , sounds like a recipe for financial diaster )



Budget adds $57B to swelling deficit

By JONATHAN JENKINS, QUEEN'S PARK BUREAU

Whatever goodies Finance Minister Dwight Duncan doled out in his budget yesterday are being paid for in $57 billion of red ink.

That's the amount Ontario will add to its $162-billion debt over the next seven years, a string of deficit budgets not expected to end until 2015-16.

It starts with a shortfall of $3.9 billion this year and a record Ontario deficit of $14.1 billion in 2009-10, money Duncan said the government is forced to borrow to stimulate the economy because the global recession is wiping out billions in Ontario tax revenue.

"The people who have lost their jobs, the communities that are suffering, need this kind of response," Duncan said.

"This is the appropriate response. This will help families today and help build a stronger Ontario for tomorrow."

The big-ticket items in the $109 billion worth of spending in 2009-10 include: $12.7 billion in infrastructure spending -- part of a two-year $27.5 billion plan; a $1.4 billion increase in health spending; one half of a two-year $700-million jobs training program; and a raft of targeted programs that are focused on manufacturing, small business, agriculture and the northern economy.

For lower income Ontarians hard-hit by the recession, the government will double the Ontario Child Benefit, welfare rates will rise 2% in the fall, and any families making less than $160,000 will get $1,000 cash to ease the pain of the vast, new 13% harmonized sales tax.

http://cnews.canoe.ca/CNEWS/Po.....1-sun.html
machiavelli





Joined: 11 Feb 2007
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PostPosted: Fri Mar 27, 2009 12:22 pm    Post subject: Reply with quote

Comrades McGuinty and Duncan yesterday advanced their efforts to evolve this once proud and fiscally strong province into the Socialist Republic of Ontario with massive, and at lest to some extent, excessive deficit spending.

Their $56.8 billion, 7 year structural deficit also includes another busted promise by our disingenuous premier who once again couldn’t defy his intrinsic urges, and thus increased some sales taxes including the gas tax.

Its obvious that this far-left, big time tax and spend government doesn’t take its massive overspending or overtaxing critically. Its regretful that so much of the so called “stimulus spending” is simply new, left of centre structural program spending that liberals have long wished for, and that will not be eradicated after the recovery. This type of spending represents McGuinty’s intrinsic and duplicitous far-left philosophy that will require continuous, substantial future tax increases.

This massive long-lasting increase to our debt is nothing less than generational theft since our grandchildren and their grandchildren will spend their life paying off this ridiculous spending spree. Obviously, our grandchildren will not have a standard of living nearly as high as ours has been before this premier decided to destroy it.

The premier also established a new vehicle, the GST/PST government size escalating rebate program, to redistribute wealth from wealth creators to the welfare wealth consumers; this is what socialism is designed to achieve.
kwlafayette





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PostPosted: Fri Mar 27, 2009 12:26 pm    Post subject: Reply with quote

Your own fault, I have no sympathy for you. I told you school funding was not the most important issue.

PS. Not that Tory would have done anything much differently.
cosmostein





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PostPosted: Fri Mar 27, 2009 12:46 pm    Post subject: Reply with quote

kwlafayette wrote:

PS. Not that Tory would have done anything much differently.


Which at the end of the day is the problem,
gc





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PostPosted: Fri Mar 27, 2009 12:50 pm    Post subject: Reply with quote

machiavelli wrote:
Comrades McGuinty and Duncan yesterday advanced their efforts to evolve this once proud and fiscally strong province into the Socialist Republic of Ontario with massive, and at lest to some extent, excessive deficit spending.

If McGuinty and Duncan are communists for running a deficit, what does that make Harper and Flaherty?
TJRanth





Joined: 16 Feb 2009
Posts: 50
Reputation: 2

PostPosted: Fri Mar 27, 2009 1:18 pm    Post subject: Reply with quote

gc wrote:
machiavelli wrote:
Comrades McGuinty and Duncan yesterday advanced their efforts to evolve this once proud and fiscally strong province into the Socialist Republic of Ontario with massive, and at lest to some extent, excessive deficit spending.

If McGuinty and Duncan are communists for running a deficit, what does that make Harper and Flaherty?


If McGuinty and Duncan were forced into it by having a minority and being threatened with a coalition takeover if they didn't run a deficit then maybe I could see a correlation but as it stands you seem to be pissing in the wind.
DavidK





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PostPosted: Fri Mar 27, 2009 1:20 pm    Post subject: Reply with quote

TJRanth wrote:
gc wrote:
machiavelli wrote:
Comrades McGuinty and Duncan yesterday advanced their efforts to evolve this once proud and fiscally strong province into the Socialist Republic of Ontario with massive, and at lest to some extent, excessive deficit spending.

If McGuinty and Duncan are communists for running a deficit, what does that make Harper and Flaherty?


If McGuinty and Duncan were forced into it by having a minority and being threatened with a coalition takeover if they didn't run a deficit then maybe I could see a correlation but as it stands you seem to be pissing in the wind.


So true!
ezbeatz





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PostPosted: Fri Mar 27, 2009 2:53 pm    Post subject: Reply with quote

kwlafayette wrote:
PS. Not that Tory would have done anything much differently.


Tory would have done the exact same thing as McGuinty. There is no difference between the two except maybe that Dalton is obviously more electable.
SFrank85





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PostPosted: Fri Mar 27, 2009 3:53 pm    Post subject: Reply with quote

Actually, I think Tory would have done something differently. He is a economic conservative after all. We have to admit, everything he touches turns to gold. He helped turn the Canadian Football League into a profitable league. He also turned Rogers Communications massive debt into huge surpluses by changing the financial structure of the company. We have to give the man his credit once and awhile.
kwlafayette





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PostPosted: Fri Mar 27, 2009 4:46 pm    Post subject: Reply with quote

SFrank85 wrote:
Actually, I think Tory would have done something differently. He is a economic conservative after all. We have to admit, everything he touches turns to gold. He helped turn the Canadian Football League into a profitable league. He also turned Rogers Communications massive debt into huge surpluses by changing the financial structure of the company. We have to give the man his credit once and awhile.
Uh, not everything. He was the mastermind behind the Kim Campbell juggernaut.
TJRanth





Joined: 16 Feb 2009
Posts: 50
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PostPosted: Fri Mar 27, 2009 4:51 pm    Post subject: Reply with quote

kwlafayette wrote:
SFrank85 wrote:
Actually, I think Tory would have done something differently. He is a economic conservative after all. We have to admit, everything he touches turns to gold. He helped turn the Canadian Football League into a profitable league. He also turned Rogers Communications massive debt into huge surpluses by changing the financial structure of the company. We have to give the man his credit once and awhile.
Uh, not everything. He was the mastermind behind the Kim Campbell juggernaut.


I'm pretty sure you meant "The forgettable Kim Campbell".

Thanks for reminding me btw. *beats head on desk* All better now. :)
RCO





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PostPosted: Fri Mar 27, 2009 5:59 pm    Post subject: Reply with quote

kwlafayette wrote:
Your own fault, I have no sympathy for you. I told you school funding was not the most important issue.

PS. Not that Tory would have done anything much differently.



well i don't disagree that the school funding issue ruined the last election , but don't forget we also had to deal with the unions/ working families coalition group which spent 10 million dollars smearing the pc party , effectively allowing the liberals to spend twice as much money during that campaign as the pc party did .

i think that tory would of been different than mcguinty in some ways , don't think he would of been exactly the same . think that is a misconception some people have . but the new ontario pc leader has to do a better job of creating a credible alternative to the mcguinty liberals in the next election and stand up too those stuiped union groups , they need to piss off and let ontario decide for itself who its wants in government . i'm sick and tired of these unions ruining the province and our electoral process .
RCO





Joined: 02 Mar 2009
Posts: 6739
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Location: Ontario

PostPosted: Fri Mar 27, 2009 6:04 pm    Post subject: Reply with quote

kwlafayette wrote:
SFrank85 wrote:
Actually, I think Tory would have done something differently. He is a economic conservative after all. We have to admit, everything he touches turns to gold. He helped turn the Canadian Football League into a profitable league. He also turned Rogers Communications massive debt into huge surpluses by changing the financial structure of the company. We have to give the man his credit once and awhile.
Uh, not everything. He was the mastermind behind the Kim Campbell juggernaut.


thats sort of his problem , he's been truly very successful in the business world but extremly unsuccessful in politics . only time he was actually elected as an mpp was in that by-election in dufferin caledon a very safe pc seat . in politics he always seemed to come close but couldn't actually manage to win .
SFrank85





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Location: Toronto - Scarborough Southwest

PostPosted: Fri Mar 27, 2009 7:50 pm    Post subject: Reply with quote

kwlafayette wrote:
SFrank85 wrote:
Actually, I think Tory would have done something differently. He is a economic conservative after all. We have to admit, everything he touches turns to gold. He helped turn the Canadian Football League into a profitable league. He also turned Rogers Communications massive debt into huge surpluses by changing the financial structure of the company. We have to give the man his credit once and awhile.
Uh, not everything. He was the mastermind behind the Kim Campbell juggernaut.


Most of that was Kim Campbell’s fault. She was the leader, she was a weak leader.
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Ontario has returned to the Bob Rae deficit era

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