Current debt and deficit don't mean anything on a bid that is years away, it's either a good deal or it isn't. You have to spend a certain amount and you'll get a certain amount of benefit back, how that balances is what matters long term. The Feds are spending their share of the money whether we get it or not, it's allocated to sports funds so that leave the approx 1B+ that the province and city are going to spend.
Saying that '88 was great but we are broke now is kind of silly, does anyone remember the 80's?
Unemployment went as high as 12% in the years prior to the games.
We were 10's of billions of dollars in debt.
Interest rates were in double digits.
We were a complete fiscal mess but that didn't have anything to do with the Olympics either way.
We need to see the final totals on expenses and what we get for that investment, either it makes sense or it doesn't in the long term. All of this hysteria in the meantime is just noise to me.
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