Great Leader Kim Dong Wynne Keeps Piling On The Debt: Report

The Ontario Liberal government has added $117 billion in debt since the recession of 2008-09 and risks further credit downgrades if it doesn’t reform its spending ways, a new report says.

Ontario’s Debt Balloon, by author Jean-Francois Wen of the Fraser Institute says most of the borrowed money–the equivalent of $7,800 per person in the province — was used to cover regular operating expenses rather than invest in long-term projects.

Premier Kathleen Wynne’s plan to make large investments in infrastructure such as transit and roads over the next decade will ensure that debt keeps growing even if her government meets its goal to balance the books by 2017-18, says the report released Wednesday.