Ontario government understates deficit by billions

[5.4MarkVIII]

https://www.thepostmillennial.com/ontario-government-understates-deficit-by-billions-auditor-general/

my god June cant come soon enough

[StAnger]

Don't be complacent. The Liberals can still win this election, or just as bad the NDP. The only way to ensure the right party wins, is to get out and vote!

[WTF]

how is this not criminal behavior?

[83 5.0]

http://www.cbc.ca/news/canada/toronto/former-ontario-liberal-cabinet-minister-harinder-takhar-to-retire-1.4635521
Another rat jumping from the Liberal ship before the next election.
I am not much of an accountant, but know Pension contributions by the government are untouchable, never heard of them being put on a balance sheet as an accessible asset.
Wait until the wizard of Oz is exposed after the election, I bet the deficit is another 50% higher.

[92redragtop]

It's amazing that so many people in this and the last government are such horrible managers of anything. We really need to get these incompetents out of office.

My wife's brother's BIL (my BIL's BIL?) is the PC candidate for Orillia so looking forward to his campaign up there.

[ZR]

how is this not criminal behavior?

Coated in Teflon, seemingly illegal acts roll off their backs.

[stangstevers]

They are above the law. It's all about who you pay off, not just who you know. I hope Ford sticks to his guns and starts investigations on all the damn SOB crooks in office.

[ZR]

At the very least, he's going to shake things up, in a positive way.
We simply can not get rid of these pricks fast enough.

[5.4MarkVIII]

https://www.fraserinstitute.org/blogs/actually-including-capital-spending-ontario-s-deficit-is-more-than-32-billion



Looks like my could actually be much much higher.


Wish I could pick and choose what debt I disclose when talking to the bank.

“Oh my mortgage payments? No those don’t count, just an accounting discrepancy”

[83 5.0]

https://www.fraserinstitute.org/blogs/actually-including-capital-spending-ontario-s-deficit-is-more-than-32-billion



Looks like my could actually be much much higher.


Wish I could pick and choose what debt I disclose when talking to the bank.

“Oh my mortgage payments? No those don’t count, just an accounting discrepancy”

A huge portion of budgeting is for pay and benefits,
Which Wynne just threw another batch of money at.
Not to disclose what I do or my employer, but leys say we do about 50% of our business with the government
In 25+ years, I never saw the spending frenzy this "March Madness" of budget spending brought compared to previous years.

[Gr8Stang]

This is exactly what happens when there is no accountability. We need a party that will step up and create spending rules (laws) that include checks and balances, not allowing free wheeling spending, especially when it comes to buying votes.

Government needs to consider the future of the province and its PEOPLE...not the future of their elected lives and/or pockets, lobbies, etc.

[ZR]

^ Hope we can find such a person.

[ZR]

For all our sakes.

[RedSN]

^^^sadly, entirely true.