Comment 119495

By ergopepsi (registered) | Posted June 21, 2016 at 11:03:06 in reply to Comment 119490

Ontario's debt consists of bonds that are payable to taxpayers. How is it that so many 'taxpayers' rail against Ontario's debt and then line up to buy the guaranteed investments they offer?

Ontario can service the debt (pay out the bonds) they have because it has a large economy. We are still AA last I checked.

The best way to make it impossible for the provincial government to service it's debt would be to stop investing in provincial infrastructure. Apparently we are losing 3 billion annually due to lost productivity directly related to transportation issues. The government is trying to rectify that via their Big Move initiative.

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