“Ontario is already up to its necks in debt and the Premier is digging in deeper. He should stop the digging and exercise spending constraint. In the last six years program spending has grown by 50% - an unsustainable rate. Deficit financing adds to the debt which already stands at $167.7 billion. Debt interest charges stand at $9.0 billion per year. This amounts to $1.4 million an hour of taxpayer dollars going to service an increasing debt load. The debt load already is $13,102 for every man, woman and child in Ontario.”
Even if you agreed with government interventionism, how can paying 9 billion dollars a year on interest be a good thing?
We have to pay back the debt. Before a worse climate hits. I don't mind going into debt, like I said.
The problem is we never seem to pay it back.
