https://www.theglobeandmail.com/business/article-credit-rating-agencies-warn-ontario-about-planned-spending/Two credit-rating agencies have issued warnings to the Ontario government over its plan to run deficits over the next several years.
On Thursday, both Moody’s Investor Service and DBRS said the fiscal plan set out by the Liberal government in its 2018-19 budget, which includes billions in new spending, would harm the province’s credit profile over the long term.
“It demonstrates in the clearest terms that the province is not committed to disciplined … fiscal policy,” DBRS analysts said in a report.
Both agencies stopped short of downgrading Ontario’s debt, but stressed that the province’s creditworthiness could come under pressure as a result of abandoning its commitment to balanced budgets
You have to have a very low ethical fiber if you're so desperate to keep your job that your plan is to manipulate the budget so you can say you have a balanced budget in an election year and then spend into oblivion the already most indebted sub-sovereign government on the planet in order to try to bribe today's voters with their children's & grandchildren's money. The people who vote for this deserve similar contempt.
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