Economy 53,075 Posted November 7, 2018 Share Posted November 7, 2018 https://www.bnnbloomberg.ca/ontario-needs-to-slay-deficit-monster-td-bank-1.1164698 Ontario is the worlds most indebted Sub-Sovereign Government with a debt half as high as the Federal Government and running deficits larger than the Federal Government TD Canada's largest bank is sounding alarms saying Ontario needs immediate action to rein in exploding deficits and debt before it's too late and rising interest payments start taking too big a chunk of the budget to fix the problem Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted November 7, 2018 Share Posted November 7, 2018 23 minutes ago, Economy said: https://www.bnnbloomberg.ca/ontario-needs-to-slay-deficit-monster-td-bank-1.1164698 Ontario is the worlds most indebted Sub-Sovereign Government with a debt half as high as the Federal Government and running deficits larger than the Federal Government TD Canada's largest bank is sounding alarms saying Ontario needs immediate action to rein in exploding deficits and debt before it's too late and rising interest payments start taking too big a chunk of the budget to fix the problem Why tho? like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 53,075 Posted November 7, 2018 Author Share Posted November 7, 2018 13 minutes ago, Woolfsmck said: Why tho? Irresponsibility? I can't think of another reason Were not exactly in an economic crisis to justify this Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted November 7, 2018 Share Posted November 7, 2018 48 minutes ago, Economy said: Irresponsibility? I can't think of another reason Were not exactly in an economic crisis to justify this Gov spending too much when oil revenue was good? like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Fish 6,259 Posted November 7, 2018 Share Posted November 7, 2018 7 minutes ago, Woolfsmck said: Gov spending too much when oil revenue was good? there is not much oil revenue in Ontario. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted November 7, 2018 Share Posted November 7, 2018 9 minutes ago, Fish said: there is not much oil revenue in Ontario. No, but the fed shares revenue with all the provinces...right? like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 53,075 Posted November 7, 2018 Author Share Posted November 7, 2018 18 minutes ago, Fish said: there is not much oil revenue in Ontario. 8 minutes ago, Woolfsmck said: No, but the fed shares revenue with all the provinces...right? Yeah Provinces do get some funding from Federal Government But to answer @Woolfsmck earlier question it's not what they do in good or bad times it's what they do in all times. This is an old problem going back like 15+ years They have never been serious enough about fixing the budget and the debt keeps piling on and interest payments keep rising making it harder to balance the budget When a province runs a bigger deficit than the Nation's Federal Government, that should be of some concern Link to post Share on other sites More sharing options...
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