Ontarians are clearly having buyer’s remorse after re-electing its Liberal government last year, with two-thirds now believing that Ontario is headed in the wrong direction.
... Ontario now qualifies for equalization payments, confirming its shift from “have” to “have-not” status within Confederation. The government’s response was more government spending financed by deficits that doubled its total debt over the past decade.
... In economic policymaking, Ontario has become the Eighth Blunder of the World. Instead of focusing on policies that would encourage economic growth, the Wynne government is following the maritime province’s tactic of begging the federal government for more transfer payments.
Thursday, October 1, 2015
"The Eighth Blunder of the World" - Wynne's Ontario
Philip Cross, former Chief Economic Analyst for StatsCan: