Quote:
Originally Posted by mopek1
From Wiki
"The Global financial crisis from 2007 onwards has impacted Ontario very hard, especially the manufacturing sector. Ontario's budget surplus in 2007-2008 changed into a $19 billion budget deficit by 2009-2010.[10]"
"The so-called "eHealth scandal," the power plant cancellation scandal, and the so-called "Ornge scandal" are often cited as examples of wasteful or ineffective government spending causing the growth in debt, though they have only increased debt by a small percentage"
"Tax cuts and incentives to high income earners during the 1990s have reduced government revenues, thus increasing debt.[14]"
As you can see the meltdown hit Ontario's manufacturing sector hard which is the 'engine' of the province's economy. The wasteful spending only contributed a small % of the debt and in the 1990's, conservative measures actually helped increase debt too.
And, after all this I am not even saying that the Liberal party is better than the conservative one or did well under Dalton McGuinty.
I am saying that you can't give credit or blame any one government in isolation for the economic situation.
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You seem to be ignoring the fact their ridiculous green energy drive has made it impossible for factories to do business here. They are leaving in droves. A local factory actually published a public letter stating that unless something changes with energy costs they'll be moving to Mexico. Our own business cracked $6K in one month for hydro for the first time ever last year. Hell, i even let them put a giant solar panel in my yard so i could at least get some benefit out if it... that's how much they subsidized these things, paying ridiculous amounts per kw.
This unaffordable green crap was all done under the liberals watch in Ontario.