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CKA Uber
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PostPosted: Mon Mar 12, 2018 2:29 pm
 


Title: Toronto facing a massive $1.42 billion budget gap in five years
Category: Economics
Posted By: shockedcanadian
Date: 2018-03-12 14:26:51
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PostPosted: Mon Mar 12, 2018 2:29 pm
 


https://www.thestar.com/news/gta/2018/0 ... years.html

It will be just the first domino in many to fall but it will be a big one.

Massive police budgets, overpaid civil servants, boondoggles galore. Toronto and Ontario falls first, then the $1.8T indebted citizens on top of government debt is "rebalanced".


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PostPosted: Mon Mar 12, 2018 2:31 pm
 


All they have to do is raise taxes. [B-o]


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PostPosted: Mon Mar 12, 2018 2:59 pm
 


BartSimpson wrote:
All they have to do is raise taxes. [B-o]


In reality, ironically there is some credibility to this issue, because of the flat property taxes for so long. The problem isn't that they wouldn't like to, no matter what Tory says, he would love to, the problem is that families are already strapped due to the massively overpriced housing in T.O

It's the reason Trudeau gave the city $10B for the housing issue. These homes are on the bubble, in ways noone can appreciate.

Canada as a whole is going to reap what it sows. I know who to thank as I'm outing them everyday with gusto.


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PostPosted: Mon Mar 12, 2018 3:43 pm
 


Funny, I can only spend what I earn. Government should do the same.


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