Canada and Ontario's debt - servicing debt, $10B more than pensions each year.

[mosquito]

The Liberals contradicting parliamentary budget officer, showing contempt and just being idiots! Narrative over facts, budget balanced by next election abandoned.... in other words Canada heading for Greece model.


What is most annoying is the arrogance, lack of respect and lack of integrity the current government has displayed.
http://www.therebel.media/watch_what...to_the_surplus
Rona Ambrose tried to ask a question in the House of Commons about how the Liberals managed to burn through the surplus the Conservatives left in just 100 days.

Watch what happened as the Liberals hooted, hollered and heckled until the Speaker finally hushed them long enough for Ambrose to finish her question.

Then there is the Ontario debt..
http://news.nationalpost.com/full-co...-ontarios-debt
Finance Minister Charles Sousa says we can't pass on Ontario's debt to the next generation. Who exactly does he think we're passing it on to?


and our personal situation (being made worse by the gov't)
http://business.financialpost.com/ne...lls-poll-finds
Nearly half of Canadians are within $200 a month of being unable to pay their bills, poll finds

[mosquito]

http://news.nationalpost.com/news/ca...est-rates-rise
Ontario owes $315 billion and keeps borrowing. Here’s what will happen if interest rates rise

If in 2017/18 —when the province promises to balance its books — interest rates are just 0.7 per cent higher than the 2.7 per cent forecast, the province will have to spend $409 million more to maintain its debt. If it’s 1.2 per cent higher, that climbs to $857 million, or about $100 million more than the Minister of Natural Resources’ $720-million budget.

Love some of the comments....



Prosper Theroux If someone asked Wynn what would happen if interest rates increase Wynn would throw her head back and laugh like a mule while putting her hands togethier.

Like: 30 · 8 hrs · Edited

Richard L. She'd also call the questioner a homophobe.


P.S.
Brian Liley with an interesting take on the budget
http://www.therebel.media/liberals_i...sis_to_justify

[terrym]

Budgets will balance themselves right?

[line052]

His spelling of Chrietien....lol perfect

cre·tin
ˈkrētn/
noun
noun: cretin; plural noun: cretins

• 1.
  informaloffensive
  a stupid person (used as a general term of abuse).
  
  
  
  
  
• 2.
  Medicinedated
  a person who is deformed and mentally handicapped because of congenital thyroid deficiency.
  
  
  
  

[mosquito]

Interesting, Brian Liley talking about:

• first part about "social" and "green" infrastructure spending,
• second part about taxes and economy, including the possible increase in the GST in the near future.

http://www.therebel.media/what_liber...infrastructure


and what might happen to Canada's military.
http://news.nationalpost.com/news/ca...anadian-forces