Author Topic: Ontario Provincial Election 2018  (Read 4738 times)

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Offline ?Impact

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Re: Ontario Provincial Election 2018
« Reply #60 on: April 20, 2018, 02:00:59 pm »
At least the Fraser Institute was founded by an economist.

Most of its funding comes from big oil and big pharma. Peter Munk (recently deceased) gave them a huge grant a few years ago, Munk is associated with real-estate, Barrick Gold, and few other ventures.

Offline Omni

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Re: Ontario Provincial Election 2018
« Reply #61 on: April 20, 2018, 02:13:43 pm »
Most of its funding comes from big oil and big pharma. Peter Munk (recently deceased) gave them a huge grant a few years ago, Munk is associated with real-estate, Barrick Gold, and few other ventures.

And lets not forget the Koch Brothers.

Offline ?Impact

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Re: Ontario Provincial Election 2018
« Reply #62 on: April 20, 2018, 02:24:27 pm »
And lets not forget the Koch Brothers.

Yes, although I lumped them in with big oil.

Offline SirJohn

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Re: Ontario Provincial Election 2018
« Reply #63 on: April 21, 2018, 01:00:23 pm »
Here is an excellent rundown on the corruption of the Liberal government, on how they've cooked the books, and on the billions extra their efforts are going to cost.
First they changed the accounting practices - without notifying the Auditor Genera' s office or the Financial Accountability Office

“In order for that to not show up on the bottom line, they created creative accounting to take it off the government’s statements,” Ms. Lysyk said.

Using that new accounting, the government declared it had balanced the province’s books for the fiscal year ended Mar. 31, 2018, just months before a general election. But Ms. Lysyk said that was not true. And the Financial Accountability Office, the body responsible for providing the legislative assembly with independent analysis and advice on Ontario’s finances, agreed: In December, it forecast that the province would actually rack up a deficit of $4-billion – a discrepancy that will grow markedly as the government’s off-balance-sheet borrowing continues.
...


Further, in order to ensure the borrowing wasn't showing up on the province's books they set up a separate agency to do the borrowing. Of course, that cost us just at teeny bit more, but hey, what's FOUR BILLION DOLLARS in extra costs if it helps make the hideously incompetent and corrupt Liberals look a little better?

The Fair Hydro Plan’s complexity comes at a cost. Had the province borrowed directly, the interest costs likely would total tens of billions of dollars over the plan’s duration. But using information and assumptions supplied by the government, the Financial Accountability Office (FAO) calculated the additional interest costs at $4-billion over 30 years. Said Ms. Lysyk: “We’re talking $4-billion more than needed, to get an accounting result.”

And let's not forget that in order to lower hydro costs, the government renegotiated loans that will wind up costing the people of Ontario $24 billion more than the decreased Hydro bills will save them. That's just how corrupt the Liberals are. I don't think any province or government in Canadian history has been willing to throw away tens of billions in hopes of increasing their popularity.

https://www.theglobeandmail.com/canada/investigations/article-bad-books-how-ontarios-new-hydro-accounting-could-cost-taxpayers/
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline ?Impact

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Re: Ontario Provincial Election 2018
« Reply #64 on: April 21, 2018, 02:06:59 pm »
And let's not forget that in order to lower hydro costs

...they amortized over a longer period of time. How many people could buy a house if they had to buy it over a 10 year amortization?

Stop with the over the top rhetoric, you can suggest we pay more for hydro by paying off loans faster but stop saying that is corrupt. You are so hyper partisan that you have to cook the story continually.

Offline SirJohn

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Re: Ontario Provincial Election 2018
« Reply #65 on: April 21, 2018, 02:12:05 pm »
...they amortized over a longer period of time. How many people could buy a house if they had to buy it over a 10 year amortization?

Stop with the over the top rhetoric, you can suggest we pay more for hydro by paying off loans faster but stop saying that is corrupt. You are so hyper partisan that you have to cook the story continually.

Uh huh. I'm actually beginning to suspect you're an employee of the Liberal party, or at least the Liberal goverment. My quoting the AG and financial accountability office that the the Liberals have twisted the accounting system around in pretzels to pretend they had a surplus that doesn't exist is not being hyper partisan. You're enthusiastic defnse of them doing so IS.

My complaining that the Liberals have cost us tens of billions of dollars in order to lower hydro rateis is  not being hyper partisan. You're blithely dismissing this as unimportant IS.

Here's a nice little movie for you.

https://www.theglobeandmail.com/politics/video-how-ontario-made-billions-in-debt-disappear/


"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline Omni

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Re: Ontario Provincial Election 2018
« Reply #66 on: April 21, 2018, 02:27:56 pm »
Uh huh. I'm actually beginning to suspect you're an employee of the Liberal party, or at least the Liberal goverment. My quoting the AG and financial accountability office that the the Liberals have twisted the accounting system around in pretzels to pretend they had a surplus that doesn't exist is not being hyper partisan. You're enthusiastic defnse of them doing so IS.

My complaining that the Liberals have cost us tens of billions of dollars in order to lower hydro rateis is  not being hyper partisan. You're blithely dismissing this as unimportant IS.

Here's a nice little movie for you.

https://www.theglobeandmail.com/politics/video-how-ontario-made-billions-in-debt-disappear/

Assuming you're little movie is accurate, it sounds similar to the Harper Cons. robbing the contingency fund to finally try and deliver a balanced budget unlike the previous 7 years of their time in office.

Offline SirJohn

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Re: Ontario Provincial Election 2018
« Reply #67 on: April 21, 2018, 03:46:29 pm »
Assuming you're little movie is accurate, it sounds similar to the Harper Cons. robbing the contingency fund to finally try and deliver a balanced budget unlike the previous 7 years of their time in office.

Could you please recite a time when the Harper conservatives rigged up a system to borrow hundreds of billions so they could artificially lower taxes or rates in something at a cost of twenty one billion dollars - all to make themselves look good?

By the way, why is it that given you lefties think Harper was the most evil, cruel, heartless, ruthless, nasty, dishonest guy in history, every time a Liberal does something you instantly try to find something Harper does that you can equate to it and then smile smugly and say "So it's fine then!"

Like, you hated Harper, but if you're guy does what Harper did then it's okay...

« Last Edit: April 21, 2018, 03:49:12 pm by SirJohn »
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline Omni

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Re: Ontario Provincial Election 2018
« Reply #68 on: April 21, 2018, 03:53:51 pm »
Could you please recite a time when the Harper conservatives rigged up a system to borrow hundreds of billions so they could artificially lower taxes or rates in something at a cost of twenty one billion dollars - all to make themselves look good?

By the way, why is it that given you lefties think Harper was the most evil, cruel, heartless, ruthless, nasty, dishonest guy in history, every time a Liberal does something you instantly try to find something Harper does that you can equate to it and then smile smugly and say "So it's fine then!"

Like, you hated Harper, but if you're guy does what Harper did then it's okay...

Harper lowered the GST and that cost us billions.

Offline SirJohn

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Re: Ontario Provincial Election 2018
« Reply #69 on: April 21, 2018, 06:22:34 pm »
Harper lowered the GST and that cost us billions.

Us? It cost 'us' billions? Where did that money go, pray tell?
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline ?Impact

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Re: Ontario Provincial Election 2018
« Reply #70 on: April 22, 2018, 09:26:07 am »
Could you please recite a time when the Harper conservatives rigged up a system to borrow hundreds of billions so they could artificially lower taxes or rates in something at a cost of twenty one billion dollars - all to make themselves look good

I. 2008 they borrowed $120 billion off the books so they could give it to the banks and increase consumer debt to the now historic levels, all to artificially increase the economy and make themselves look good.
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Offline ?Impact

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Re: Ontario Provincial Election 2018
« Reply #71 on: April 22, 2018, 09:27:05 am »
Us? It cost 'us' billions? Where did that money go, pray tell?

Interest paid to bankster barons

Offline SirJohn

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Re: Ontario Provincial Election 2018
« Reply #72 on: April 22, 2018, 11:24:13 am »
I. 2008 they borrowed $120 billion off the books so they could give it to the banks and increase consumer debt to the now historic levels, all to artificially increase the economy and make themselves look good.

You're seriously trying to equate the government trying to keep the banks in business during the greatest financial crisis since 1929 to Kathleen Wynne promising a rate cut in an election year and then borrowing hundreds of billions to pay for it?
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline SirJohn

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Re: Ontario Provincial Election 2018
« Reply #73 on: April 22, 2018, 11:25:42 am »
Interest paid to bankster barons

Cutting the GST gave the money back to the people. Clearly you hate people and think government should own all... waaait a minute.  Is there a red flag in your closet with a hammer and sickle on it?
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum
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Offline waldo

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Re: Ontario Provincial Election 2018
« Reply #74 on: April 22, 2018, 12:16:09 pm »
Cutting the GST gave the money back to the people. Clearly you hate people and think government should own all... waaait a minute.  Is there a red flag in your closet with a hammer and sickle on it?

geezaz! Your go-to Fraser Institute buddies are all about raising the GST back to pre-Harper cut levels. By the by, when you rail on about, say... health care wait-times (like your Fraser links/quotes (falsely) claim... just how much federal revenue has that Harper GST cut cost the government treasury in support of say, social services, hey? Why I'm reading estimates of $7 billion a year... why... it was the Harper Conservatives themselves who touted consumers would save $12 billion a year with a 2 point GST cut! Since you're on top of this, just how much money have "the people" got back since the Harper GST cuts?

geezaz, make up your mind, hey Argus!