30 years of debt unless province raises revenues, cuts spending

What did you expect from electing this freak show?

Ontario is facing three decades of soaring debt unless the provincial government permanently raises revenues or cuts spending by at least $6.5 billion, the Financial Accountability Office of Ontario (FAO) says.

Otherwise, much like the recent decision to push off some hydro costs on future Ontario electricity customers, it will have to go on the tab of younger generations.

FAO chief economist David West said that as the baby boomers retire and age, it will put enormous pressure on the provincial budget.

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