|"I got this downgrade thingy entirely under control"|
Government spending to 'invest' in the economy is simply a scam and a lie. It's like rounding up piles of cash and burning it. We have a suffering economy, massive debt and lagging innovation to show for his 'investments'. Socialism is like stinky breath...it comes in different degrees...and they all stink. This 'lets pillage the free market, divert capital from the earners, morph it into tax revenue and hand it out for all to get ahead' disaster is refereed to as "Forward. Together". Sure Liberals. I guess it's better then "Annihilating. Wealth." And when our (solar, et. al) deals go bust? Deny reality and spend more. Oh, and brag about what else you flushed cash on...be sure to call them investments, and of course, avoid talking about debt. Ontario voters are too selfish and 'me oriented' to weigh our Provinces debt against the value of policy...
And Now we find: Ontario credit downgrade possible, Moody's warns
A downgrade would affect the government's $190-billion debt and likely increase future borrowing costs.
"The negative outlook on the province reflects the softening economic outlook, Ontario's growing debt burden, and the extended time frame to achieving a balanced budget," said Moody's assistant vice-president Jennifer Wong.
I predict Dalton will continue to see the solution to Ontario's ailing economy and debt burden through higher taxes and 'stronger partnerships' between government and Ontario business. These efforts, although well intended, will have a negative impact on our Province. Time will show government encroaching on business to be a serious mistake.