Moody’s downgraded Ontario’s credit rating today from “stable” to “negative” and how some warnings about the books in the future. The reason for this downgrade? The Wynne budget that ramped up spending in a bid to stay in power.
Moody’s downgraded Ontario’s credit rating today from “stable” to “negative” and how some warnings about the books in the future. The reason for this downgrade? The Wynne budget that ramped up spending in a bid to stay in power.
Doug Ford is incorporating this development into his campaign strategy as we speak.
I see a new Conservative political ad featuring Doug Ford’s smiling face.
And with every downgrade comes an increase in the costs of borrowing, leaving less money for services, requiring even more borrowing.
With a sub 80 cent Canadian dollar, Ontario should be booming, especially since the US is booming. Only McGuinty, Wynne and Butts could possibly produce policy stupid enough to kill any chance we have.
The fact that Wynne came out of TDSB which is a hardcore full on proud communist organization and nobody in the media mentioned that in her qualification to run a province says all you need to know about the media. I’m talking old fashioned Albanian true commie, not some halfway pseudo commie like the USSR.
Enver Hoxla would be proud.
The Globe and Mail buried this story in an obscure part of their web page. And CBC News completely censored the story. The media fix is in.
I have spoke to co-workers about interest on debt in ontario saying if the current spending rate is not curtaled it wont be your grandchildrens problem it will be your grt grandchildren’s. That goes for the federal spending to, and the liberal
Solution is tax, tax, and more tax increases. Well you can only go to the well so many times before it runs dry, and why should you have change your lifestyle of cutbacks because of govt foolish, overspending,
And I will compare this to debt, if you only pay the min payment or just the interest on your credit card you are not paying down the principle, so therefore you get in deeper and deeper that you will never get out, you will most likely end up
Declaring personal bankruptcy. Thats what will happen here someday to this province.
Who is the idiot that left their rating at ‘stable’ for so long?
Or is that just an indicator of the stability of their downward plunge into insolvency?
Gee! If only there had been signals in the last fifteen years that the Liberals were nothing but a bunch power-hungry liars who were quite prepared to bankrupt the Province to gain the support of the selfish and the stupid.
If only…..
Just wait, you don’t understand. The Unthing will be in here and edumakate on OntarIowe finances!!!!
Lefties I speak to don’t care about the debt, Moody’s rating or that 9 cents of every revenue dollar goes to just pay the interest on the debt. Its all about the children. I have spoken to Wynne a few times as we crossed in our political campaigns and she was our MPP in Don Valley West. Nothing you will say will shake her ideology, similar to Merkel. Merkel would probably say to a young woman recently raped by a muslim, “Well, at least you are getting regular sex.”
The province and the country are going down the toilet because that is what liberal, ndp socialists and the average Canadian at the trough want. They will suck the country dry and cry the blues and ask why we are broke. Stupid, stupid people.
Oh but Ford is Trump. Remember, he’s JUST like Trump. Good. Oh course he’s a bully, only “in it for himself.”
“Wynne said she won’t make the same mistake Clinton did, and will instead fight back against that type of behaviour.”
“I’m not going to go high. I’m not going to go low. I’m going to call that bullying behaviour out for what it is,” she said. “He may be Donald Trump, but I’m not Hillary Clinton … and Ontario is not the United States of America.”
The Progressive Conservatives dismissed the comparison to Trump as a bizarre and desperate election ploy meant to distract from the Liberals’ political record.”
“Desperate, desperate person,” Ford said when asked about Wynne’s comments. “We’ve seen this trick before, she’s trying to hoodwink the people, she thinks she’s smarter than the people.”
Sure Hillary went too easy on Trump. The record breaking spending on attack ads is beside the point eh?
Wynne and her sycophants will stay high and not go low? Like last election? Sure.
https://www.ctvnews.ca/canada/ontario-election-2018/ontario-premier-wynne-calls-ford-a-bully-says-he-s-just-like-trump-1.3890743
I hope that Ford is worst than Trump. I already donated, and if he gets real nasty, I’ll donate more:-)))
Bolshevik Wynnetario
…-
“Stone Road Mall to cut hours in attempt to combat minimum wage hike
In 2019, the minimum wage is expected to increase to $15 an hour”
https://www.guelphtoday.com/local-news/stone-road-mall-to-cut-hours-in-attempt-to-combat-minimum-wage-hike-895439
…-
“Communism is Soviet power plus the electrification of the whole country.” – Vladimir Lenin”
http://live.gridwatch.ca/home-page.html
People who don’t understand that debt is the new slavery should not be allowed to vote.
Neo-Marxists rule this province.
They control the education system.
The MSM is complicit.
They seek an end to individual liberty and freedom.
100% correct Buddy.
Thus the ruling “Math is hard” creatures feast on.
Promise them every thing,cause they are too stupid to notice you give them nothing.
The useful idiots believe it when their comrades promise them a golden future.
Yet every other occasion in the past,their reward has been a bullet in the head and a mass grave…
Socialism has never worked in every past attempt. But don’t worry Ontario,this time it will be different.
But Canada follows in these footsteps, national debt is theft.
Failure to run balanced budgets and continuation of a national debt,growing or not, is a statement by the politicians to the taxpayer.
The stealing will never end.
Disagree. Convicts are not nearly as adept as stealing as parasitic establishment power mongers.
Hint: Solution to problem.
Wynne’s meltdown-of-the-day merely tees-up the next item for Doug’s to-do list tomorrow.
Which, unlike Liberal budgets, appears to be taking care of itself…! 🙂
Wynne is yet another “leave the cupboards bare” Premier.
Appears Wynne, and McGuinty before her, know their big support comes for the “what’s in it for me” voters so they promise the moon. This is why Wynne is still making promises even thought she has created a massive debt.
The Moody’s downgrade has her looking and talking like a shrew, she has no where to go but down into the gutter making nasty personal comments about Ford. Best quote of the campaign came from Ford,”if Kathleen Wynne stops telling lies about me I’ll stop telling the truth about her”.
Go Ford Go !!!!
Wynne is on a Black diamond run with her ski boots undone enjoy the ride!!! It’s time to drop another Neo Marxist government in Canada! Next Notley in Alberta!
watched an interview on TVO on the weekend or thereabouts, the fat one, whatshername matthews former deputy premier, defending the record debt by pointing out the annual deficit was getting lower compared to previous years.
aaaaand failing to point out and emphasize lots of those ‘previous years’ were LIEberal years with RECORD deficits . . . .
tells ya a LOT about the LIEberal mindset.
Ford is the ONLY chance we have of first, STOP the hemorrhaging, then target the worst of the waste and MAYBE create a situation where future gubbamints will do likewise. otherwise, ‘time to pay the piper’ will happen down the road. and ontarians who like Liz J points out follow the ‘wiifm’ determination where the X goes on the ballot will finally get to PERSONALLY shoulder the Trillions debt they carefully built up.