Comment 123032

By ASmith (registered) | Posted June 06, 2018 at 22:22:02

Here are some more numbers...

Between 2002-03 to 2016-17, program spending in Ontario has increased an avg of 5.8% ( $59B to $130B). In the same period, Ontario's GDP (market prices, no inflation adjustment) has only grown by 3.7% ( $477.8B to $794.8B).

Between 1995 - 2003, the PC's increased program spending from $44.5B in 1994-95, to $59.1B in 2002-03, an avg increase of 3.6%. In contrast, GDP grew from $307.5B to $477.8B, an avg increase of 5.7%.

Big government sucks up valuable capital and wastes it. Businesses and individuals invest their capital to make a profit. The government "invests" it's/our capital to get re-elected.

Both parties invest, but only the former has a sharp eye on cutting costs and maximizing revenue. The govt, because it gets paid a flat salary, doesn't really care about how profitable their investments are. All they care about is spreading the money in the right ridings so they get the most votes.

That said, it's quite clear that Ontario needs a govt which puts a brake on spending. The numbers don't lie. Ontario has squandered billions with little to show for it.

Time for a change.

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