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

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Offline Boges

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Re: Ontario Provincial Election 2018
« Reply #15 on: April 19, 2018, 03:00:11 pm »
You would hope this seals the Liberals fate.

https://www.thestar.com/news/queenspark/2018/04/18/moodys-sounds-ratings-warning-shot-over-ontario-budget.html

Quote
A major debt-rating agency is sounding the alarm on the Liberals’ big-spending pre-election budget.

Moody’s Investors Service has changed the outlook on the province of Ontario’s ratings from “stable” to “negative” in the wake of Finance Minister Charles Sousa’s March 28 spending plan, which featured a $6.7-billion deficit.

While not a credit downgrade to Ontario’s “Aa2” rating, it is a warning shot.

The Liberals can't just spend their way out of this hole. The idea that deficits don't matter and we can just give everyone free stuff to get elected will have serious repercussions.

This media report is a campaign ad that writes itself.