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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  • tom_billesley

    All those engineers, doctors, lawyers and other professionals they are importing from Syria will revitalize the economy, won’t they?

    • Cat-astrophe

      From the heart….on top of Minarets on Parlament Hill….but from the heart..,

    • WalterBannon

      sure, jihad is a growth industry

  • ontario john

    Well since all three parties have the exact same policies, I guess were screwed. Just enjoy the homosexual parades and don’t worry about it.

  • Starlord

    Time to do the hudak. Start cutting the # of gov workers by a few hundred thousand.

    Stop funding refugees and immigrants.
    And sjw projects

    No fucking way paying more tax…

    • Alain

      Time and time again the proof remains that it is only by lowering taxes that government actually increases its revenue, yet they continue doing the opposite. The need to cut spending is a no-brainer, but the Left rejects that also.

  • Observer

    Just bankrupt the country and provinces and issue debit cards for TrudohDollars with an annual 100% inflation (50% devaluation) rate.

    After all budgets balance themselves!

  • mauser 98

    give a heroin addict more heroin

  • Cat-astrophe

    The debt is universal throuought Canada and the western world.
    They have to collapse everyone like they did Greece in order to go through with the plans for “Inter-nationalisim” with the top “inter-Nationalisim” corporations running the whole enchilada.
    You will kiss your freedoms goodbye the second that happens.
    Oh, and don’t forget to wear your selt belt, helmet, pay your taxes, recycle, ride a bus, build a tiny house or live in a 300 sq ft appartment…and above all else do not critisize Mohammed.

    • DMB

      That sums up Agenda 2030.

      • Cat-astrophe

        Yes it does, not many people are up on this reality. I threw in the Mohammed thing, well, just because it is another control factor they are leaning heavy on.