The Wynne-McGuinty legacy: Perpetual debt

In next spring’s Ontario budget, Finance Minister Charles Sousa, assuming he’s still got the job, will boast that the Liberal government has delivered, as promised, a balanced budget for 2017-18.

Today’s, let’s examine what that really means.

First, it will come on the heels of nine straight deficits by the Liberals, first under former premier Dalton McGuinty, now under Premier Kathleen Wynne.

Second, it will only be achieved through such things as the fire sale to the private sector of 60% of Hydro One.