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Ontario on track to eliminate deficit in 2017: Wynne

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  • Mar 21st, 2017 8:43 pm
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Deal Addict
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Dec 24, 2002
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LNahid2000 wrote:
Jul 19th, 2016 5:28 pm
How exactly do you eliminate the deficit while piling on debt at the same time? This doesn't make mathematical sense.
One more for you perhaps read it when you take you're head out of the sand

Ontario's debt will grow to $350 billion in four years, financial watchdog warns
http://business.financialpost.com/news/ ... hdog-warns
http://www.heatware.com/eval.php?id=14378



I promise not to cut your taxes but I won't raise them either.
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Nov 1, 2006
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divx wrote:
Jul 19th, 2016 5:32 pm
accounting tricks, everyone is following the greece model.
I'd be interested to see how you think the Ontario situation is like the Greek situation.
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Jimbobs wrote:
Jul 19th, 2016 5:49 pm
I'd be interested to see how you think the Ontario situation is like the Greek situation.
"The problem with Socialism is that you eventually run out of other people's money"

http://www.goodreads.com/quotes/138248- ... ly-run-out :)

The Greeks kept borrowing until their creditors shut off the money tap - how long before the same happens to Ontario?
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CheapScotch wrote:
Jul 19th, 2016 8:40 pm
"The problem with Socialism is that you eventually run out of other people's money"

...

The Greeks kept borrowing until their creditors shut off the money tap - how long before the same happens to Ontario?
So are you now suggesting that Ontario under Wynne is socialist :facepalm:
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LNahid2000 wrote:
Jul 19th, 2016 5:28 pm
How exactly do you eliminate the deficit while piling on debt at the same time? This doesn't make mathematical sense.
You need to speak to a financial type for the detailed answer but, in short, I believe that borrowing for capital (i.e infrastructure) projects does not count towards the annual deficits. The carrying costs of the debt *may* but not the debt itself.
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Mar 1, 2003
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Jimbobs wrote:
Jul 19th, 2016 9:28 pm
You need to speak to a financial type for the detailed answer but, in short, I believe that borrowing for capital (i.e infrastructure) projects does not count towards the annual deficits. The carrying costs of the debt *may* but not the debt itself.
"you can't borrow yourself out of debt, the same reason you can't drink yourself sober" an interesting quote from this documentary: https://www.youtube.com/watch?v=oohXjJdxxSk

it's very US-centric but it applies to Canada
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Oct 26, 2003
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Jimbobs wrote:
Jul 19th, 2016 9:25 pm
So are you now suggesting that Ontario under Wynne is socialist :facepalm:
call whatever you want, but ontario's credit rating has been going down, greece didn't have a problem until their credit rating downgraded to junk
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divx wrote:
Jul 20th, 2016 12:16 am
call whatever you want, but ontario's credit rating has been going down, greece didn't have a problem until their credit rating downgraded to junk
Corporate welfare, subsidies and tax cuts don't create jobs and tax revenue. Instead of blaming the workers blame the real culprit, trickle down economics
When voters learn to stop denying reality and quit believing garbage we will achieve progress, till then its a long and painful ride down the drain
Lies, damned lies, statistics and alternative facts
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divx wrote:
Jul 20th, 2016 12:16 am
call whatever you want, but ontario's credit rating has been going down, greece didn't have a problem until their credit rating downgraded to junk
I think you probably missed the point regarding Greece, and now, you're missing a different point here! I'm trying to understand why you think there is any similarity.
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