In this week's papers, it was reported that "Moody's Investors Services dealt the deficit-plagued Ontario government a blow Thursday, putting the province on a so-called credit watch.""The change is due to concerns about the province's ability...to stop accumulating debt."
That's a nice way of saying the Liberals can't stop spending.
And, of course, some of my favourite
[I didn't type this part in all capitals, as they usually do.]
Now is the time to prime the pump, to stimulate the economy. Invest in infrastructure projects. Spend our way out this problem. It's what governments do!
Yeah, governments in Europe - if that isn't enough of a sober reminder - and 2) governments that could never afford these infrastructure projects in the good times, can now magically afford them when on the brink of disaster.
Good plan!
I suspect most people will be hoping they soon lose their jobs, so they can finally afford that European vacation!
Whoo hoo! We're all winners!
6 comments:
So what's your solution UB?
The usual right-wing bromides; reign in spending, tighten our belts, make do with less. Buy the Corolla rather than the Camry.
Greece is learning the hard way. Hopefully we can learn from them.
I'm sure we'll talk more next week!...
oh yeah!
Gerry and Beckie Franklin will be joining us here on New Year's Eve.
Excellent!
... Ask Marsha how she enjoyed a little infrastructure spending when she cracked her leg? Our infrastructure in Ontario has fallen way behind the population growth and the existing facilities are falling down due to years of mis management. It's funny that everyone has forgotten that Mike Harris brought in P3's and McGinty is only executing the conservative plan. Your future like it or Arnott has already been mortgaged. P3's are helping me pay mine.
The health care system was great with Marsha - brand new 1 billion $ hospital, fabulous rooms, no waiting at all for any follow up appointments - all good!
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