chamber of commerce report

[trappermatt]

http://www.occ.ca/wp-content/uploads...er2015_web.pdf

lots of good reading in this , funny how in the opening remarks though that our current premier chooses to comment on the upcoming federal election

[JBen]

Ontario’s debt is large and growing. The province suffers from a serious infrastructure deficit. Unemployment (among youth, in particular) persists while some sectors and regions suffer from skills shortages


Restoring Fiscal Balance by Improving the Way Government
Works
In the 2013-14 fiscal year, the Government of Ontario spent $10.5 billion more than it collected in
revenue, increasing its net debt to $267.2 billion (and where exactly have tens and tens and tens of billions gone since 2008 (110billion in revenue each year and massive debt piled on top..Certainly not to much in the first paragraph)). Over eight percent of the province’s total spending is now devoted to interest charges on the debt. In the near future, the debt will continue to grow and consume an ever-increasing proportion of government resources.

Further, low projected growth, a rapidly aging workforce, pending interest rate hikes, and growing
demand (Hmmm, gee dark storm clouds so often....)for some services means that Ontario must meet its target of eliminating its deficit by 2017- 18 and thereafter begin paying down its debt. Yeah like that's going to happen

The government has taken some steps in the right direction: it has stabilized the debt-to-GDP ratio;
it has reduced the annual growth in health care spending to below GDP growth; it has successfully
negotiated no or minimal salary increases with key public sector unions /pardon?

Ms Wynne.
Lol. There's "leader ship"
******************
Guess those of us that have been saying those things for years are
a) Haters of PS and more
b) Right wing hawks
c) don't know what we talking about
d) more I might say

/sigh

[werner.reiche]

This is news???

"Further, low projected growth, a rapidly aging workforce, pending interest rate hikes, and growing
demand for some services means that Ontario must meet its target of eliminating its deficit by 2017-
18 and thereafter begin paying down its debt."

[JBen]

Only to some Werner, who a) didn't want to, or refused to hear it or b) did, but don't care.