There’s only one reason why certain projects need cut-rate financing courtesy of taxpayers: they are chronic money-losers that no private investor would otherwise bother with. It’s unlikely that anyone in Ford’s cabinet considers that the previous avalanche of borrowing is precisely why we are sinking into recession in the first place, and that the fall won’t be arrested with more debt tsunamis.
Ontario is proposing to launch its own infrastructure bank — with an initial $3 billion in public funding — in order to help foot the bill for long-term care homes and transportation projects, as slowing economic growth has the province sinking deeper into the red.
The Ontario Infrastructure Bank, announced Thursday in the province’s fall economic statement, would be an arm’s-length agency enabling pension plans and other institutional investors to help fund what the province says is an infrastructure deficit.
what’s with Ford , he had an opinion on everything a few years ago . the libs have a picture of him with a pig??
Blubber Douggie is exactly what he looks like. A gas-filled blimp that blows wherever the political winds take him.
Thug Fraud is basically what Frank Zappa meant when he said: “Stupidity has a certain charm. Ignorance does not”.
Rob was stupid sometimes. Thug is ignorant all the time.
And don’t forget, in Lockdownistan, Trudeautopia (formerly Ontario, Canada) the party is still the PROGESSIVE CONSERVATIVE Party…
Porko dougy has a great plan there, were do I apply for a job to run it? I only need $567K a year to piss money down the drain!
We have an “infrastructure deficit” because governments spend lots of money on things they shouldn’t…
In the fall financial statement, did Ontario show a $3 billion surplus to “create” this infrastructure bank, or are they just going to write $3 billion more in bonds that pay 5+ % for the next 30 years?
Oh oh, more financial disaster on the horizon.
Ford is an opportunist. He has no ideological underpinning. No conservative values. On top of that he delves in patronage and cronyism. My guess is he will be driven from office over some form of corruption.
Yes, we can’t go on about the Biden crime family without pointing out the Fraud crime family. Literally (check out the drug pops, assaults, etc.).
His dad was terrible, and his mother was even worse. At least Rob was entertaining and actually got a few things done when not in one of his drunken stupors.
Didn’t the feds create a infrastructure bank with instructions to ‘invest’ $35 billion of taxpayers money?
Didn’t the auditor general say they could find no evidence of projects upon which the bank (under McKenna) supposedly spent, what was it over $8 billion?
I wonder how much Liberal infrastructure (cars, vacation home, yachts, etc) it bought?
Yup. Lifes serial failures,with a clear record of constant lying ..shall create a “Bank” to invest in business..
Yup,thats gonna work.
The 401 gets better the farther from Hogtown.
If you give ANY Western government entity ANY of your investment funds, you are a moron, and you deserve everything that happens to you. Period.
Pay your way, but invest in YOU and your family. With HARD assets. Not junk like Western paper “wealth”.
Good Uniparty behaviour. New Blue for me. Remember the so-called Conservaitve government of Bill Davis? Just a big-government Liberal Welfare statist.
I lived in big Billy’s riding back when Brampton was a small town, about 20 thousand white people. As a conservative in those days I watched as the conservative party moved further and further left year after year. I finally dropped my affiliation with the party when Mike Harris was in office. His inability to accomplish what was needed was too much for me.