Ontario’s half-trillion dollar debt is only getting worse
Ontario’s debt is nearing $500 billion—with $17.2 billion a year just in interest. Where is the money going, and can it be stopped?
Ontario’s debt is closing in on half a trillion dollars—and taxpayers are already paying the price.
In this episode of The Fighter, Kris Sims break down the Ford government’s latest budget and what it means for Ontarians and the rest of Canada. With $25.8 billion added to the debt this year alone and $17.2 billion going to interest payments, the province’s finances are heading in a dangerous direction.
Canadian Taxpayers Federation Ontario director Noah Jarvis joins Kris to give an inside look at budget day, the lack of transparency, and the real numbers behind the government’s spending.
Where is the money going? Why isn’t the debt slowing down? And is there any real plan to fix it?
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Pictured top RIGHT..
Fraud looks angry but it is not Doug Fraud who should be angry. It is the taxpayers of whatever is left of his Province who should be very angry (psy-op commercials currently running aside).
Sadly for what used to be Ontario... Now BIG TIME OntArWeOwe.
Another spend happy out of control Liberal, regardless of what this spending happy buffoon calls itself.
What a shame there is currently no viable competition for this guy and the OPC who should now be forced to remove the C from their name.
There is one perhaps some time in the future.. Maybe...
That is if Doug Fraud leaves anything to salvage in whats left of Ontario.
Seems to be a theme country wide under the sad state of Lieberal Governance.
BTW... Musk could likely buy out the entirety of what passes for the Government of Ontario not that he would want anything to do with OntArWeOwe or Doug Fraud. After all he is a very, very, very smart man unlike Premier Fraud.
Ontario is finished financially. Decades of “expenditures” positioned as investments will lead to massive write offs. The largest city Toronto is a cultural time bomb.
Tick, Tick, Kaboom!