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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
Nov 24, 2013
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Kingston, ON
rb wrote:
Jul 20th, 2016 1:27 pm
You know Ontario owes about 40% (based on population ) of the Federal debt, we have one economy not two, Lets say Ontario and all the provinces had debt to GDP ratios of 100% and feds have 100% do you think they are mutually exclusive?
The "84%" number for Canada would be all tiers of government combined, IIRC. Fed is currently ~32%, which remains much lower than 80s/early 90s.
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Oct 26, 2003
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raichu1 wrote:
Jul 20th, 2016 12:56 pm
I believe it has to do with the Greece can't print money as Ontario can't print itself out of debt i.e. no control of monetary policies. Plus both just keep sending when local economies sectors are declining, with entitlements stacking up.
so Zimbabwe instead of greece, pick your poison
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Mike15 wrote:
Jul 20th, 2016 5:02 pm
The "84%" number for Canada would be all tiers of government combined, IIRC. Fed is currently ~32%, which remains much lower than 80s/early 90s.
SO then Ontario combined debt would probably be around the 80 to 90%
http://www.heatware.com/eval.php?id=14378



I promise not to cut your taxes but I won't raise them either.
Deal Addict
Sep 23, 2009
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http://www.tradingeconomics.com/canada/ ... ebt-to-gdp

Don't worry, spending our way to prosperity worked in the 1970s, the 1980s, the 1990 and the 2000s.

The fact that it has never worked long-term (more than 10 years) has no effect on what will happen this time.

Who wants to look at historical data which shows that it hasn't worked and the problem gets bigger the more we kick the can down the road?

KUMBAYA!

Borrowing our way to prosperity will work long term this time. Who cares about what the past says?
Deal Addict
Nov 24, 2013
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rb wrote:
Jul 20th, 2016 7:28 pm
SO then Ontario combined debt would probably be around the 80 to 90%
Google knows. 39.6% Ontario ('15-'16, projected to decline). ~31% federally (projected to go up around ~32% before declining). Then there's municipality/county level.
Deal Addict
Aug 15, 2015
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Cornhole, ON
Jimbobs wrote:
Jul 19th, 2016 9:25 pm
So are you now suggesting that Ontario under Wynne is socialist :facepalm:
Suggesting ??? Hahahhahaha....we're way past that Jimbo...we're a failing socialist province if you want the whole story. Where other than in a socialist controlled country does a minority government get a majority after having a scandal marathon with proof of who was responsible and a (oops, sorry my bad).
Penalty Box
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Jan 7, 2011
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Approaching a point here where the Cons are likely better to pass on the next election cycle.
Deal Fanatic
Nov 1, 2006
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Toronto
dilligafeh wrote:
Jul 21st, 2016 8:00 am
Suggesting ??? Hahahhahaha....we're way past that Jimbo...we're a failing socialist province if you want the whole story. Where other than in a socialist controlled country does a minority government get a majority after having a scandal marathon with proof of who was responsible and a (oops, sorry my bad).
That comment was directed at CheapScotch who has argued that Ontario, and indeed Canada, is an example of a successful Capitalist society.
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Oct 7, 2010
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Quentin5 wrote:
Jul 20th, 2016 12:24 am
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
The only way out is technological innovation. Corporate welfare like saving Bombardier doesn't help. Bailing out GM doesn't help.

Wynne is so out of touch with reality. Doing the status quote isn't helping, the government needs a private sector guy to crunch numbers and put in policies for prosperity. More financial support for inventors and university research, for exchange for percentage of the patent.

First they need to tax the foreign investors so the next gain goes to Canadians, the investors can get like 3 to 5% profit. They will still come because they no English, so need to stay in cities with ethnic enclaves. I doubt they will go other places because can't communicate. Then invest the difference in R&D.
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Feb 8, 2014
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spike1128 wrote:
Jul 23rd, 2016 12:28 pm
The only way out is technological innovation.
Actually this is incorrect, as more things are automated humans are becoming more and more unnecessary. Creative destruction historically freed up workers for other jobs that needed doing, but in the future manufacturing will be much more automated, driving will be automated, many other vocations will be automated. We are reaching the limits of beneficial creative destruction. Unless we start paying people to dig hoes then fill them (which is unproductive but makes busy work) we will have many "surplus" humans. Some jobs will never disappear, some social services, research and development, computer programming, arts, doctors and some other jobs robots can't do, but manufacturing jobs will eventually go the way of the dinosaur. The only solution is a universal basic income. However social progress is lagging far behind our technology, as long as we continue to embrace racism, vilify minorities, look for reasons to denigrate others, believe ideological lies and deny reality we won't get very far. Many will suffer until we get past these things.
spike1128 wrote:
Jul 23rd, 2016 12:28 pm
Wynne is so out of touch with reality. Doing the status quote isn't helping, the government needs a private sector guy to crunch numbers and put in policies for prosperity.
The private sector looks for profits at any cost, and wynne is doing what they want, selling pubic assets, giving tax cuts to those who don't need them, repealing regulations that help the public and using her position to help corporations at the public's expense. Throw in massive corporate welfare and we have a conservative in sheeps clothing. Two problems, the ideology is flawed and acting conservative while liberal means conservative ideology failures are blamed on so called progressiveness instead of the flawed ideology. People will likely vote in a conservative successor to fix the flawed conservative policy failures. Thats insane.
spike1128 wrote:
Jul 23rd, 2016 12:28 pm
More financial support for inventors and university research, for exchange for percentage of the patent.
More financial support is a good idea, but more monopolies in exchange is a bad idea, famous examples such as pharma bro, patent lockup of NiMH batteries and massive price increases in many drugs shows this hurts society. We need better and equitable patent law not todays mess.
spike1128 wrote:
Jul 23rd, 2016 12:28 pm
First they need to tax the foreign investors so the next gain goes to Canadians, the investors can get like 3 to 5% profit. They will still come because they no English, so need to stay in cities with ethnic enclaves. I doubt they will go other places because can't communicate. Then invest the difference in R&D.
Tax foreigners because we blame them is not a solution, its an excuse to vilify them.
Lies, damned lies, statistics and alternative facts
Sr. Member
Jun 5, 2015
805 posts
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Toronto, ON
Does this mean our tax will have a huge hike this year ?
Member
May 22, 2016
398 posts
43 upvotes
Ontario
HST on carbon tax. Climate change is good for Liberal govts who will pay their debt while you think they are saving the world.
Deal Guru
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Feb 8, 2014
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webshark wrote:
Jul 23rd, 2016 9:43 pm
HST on carbon tax. Climate change is good for Liberal govts who will pay their debt while you think they are saving the world.
Actually no, they will give that money to corporate tax cuts, corporate welfare and on top of that create more debt for more corporate giveaways.
Lies, damned lies, statistics and alternative facts
Sr. Member
Feb 1, 2014
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Toronto
Lmfao more garbage from someone who is better in the kitchen. Expected results
Deal Fanatic
Nov 1, 2006
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thisismyid wrote:
Jul 23rd, 2016 2:56 pm
Does this mean our tax will have a huge hike this year ?
Not directly but indirectly we'll probably pay more for everything :(
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