Quote:
Originally Posted by PeteMoss
While I agree Wynne is terrible... let's not get carried away here. Ontario's economy was drilled losing a boatload of manufacturing jobs during the recession.
Current plan is to balance the budget by 2017-18. They'll unload the crown corporations - which they have a bunch of - the main electricity providor, all of the liquor stores - to lower the debt.
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This mentality still bewilders me to death. Just how is selling off the crown corporations that year-over-year rake in billions of dollars for the public purse and keeping the money pits that private enterprise don't want get you further ahead? Sure, it lowers your monthly/annual debt dues over the short term but you lose a significant chunk of your revenue stream. I just wonder if that is really worth it?
The real issue is waste. How much we waste in time, effort, pet projects, etc. I tell clients all the time that if you operated your personal finances like a government or fortune 500 company runs their own budget, you'd be broke in a week.