Kelly McParland: Ontarians face a heavy price for Liberal-crafted budget noose | National PostProvincial Politics | 206611 hits | Jul 27 12:29 pm | Posted by: shockedcanadian Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Isn't communism grand?
I also don't quite understand Ontario's insistence that the deficit is "only" $5.7 billion. Are not debt servicing payments part of the deficit? If so, then the deficit is in actuality, $16.7 billion.
The left has killed this province. The NDP started it, the federal Liberals kicked it when it was down and the LPO helped finish it off and is now humping the corpse.
I also don't quite understand Ontario's insistence that the deficit is "only" $5.7 billion. Are not debt servicing payments part of the deficit? If so, then the deficit is in actuality, $16.7 billion.
Not necessarily.
A deficit is nothing more than having higher expenditures than income. If I spend $2,000, and I earn $1,800, I have a $200 deficit. It doesn't matter if $1,000, of my expenditures, is debt servicing costs or not, my deficit is still $200.
We would need to see more financial info to clarify.