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By A Smith (anonymous) | Posted January 14, 2011 at 13:12:07
Since 2000, governments across Canada have been spending much faster than our GDP has been growing. In that same period of time, the average balance sheet of a Canadian family has been getting deeper into debt...
http://financialinsights.files.wordpress.com/2010/12/debt-to-disposable-income-canada-us21.jpg
Clue in lefties, there is no more money left to pay for your grand ideas, such as LRT or fancy new stadiums. The cupboard is bare. The productive part of the economy, the private sector, is tapped out. Please regain your common sense and remember how wealth is created, by smart people who figure out new ways of doing things and who risk their own money to get rich. NOT by central planners who have never run a business in their lives.
If Hamilton can return to it's roots of low taxes and private investment (HSR was started as a private company), this city will create thousands of new jobs. However, if people want more free candy from the government (LRT, stadium), they can kiss those job opportunities goodbye. It's a choice the people of Hamilton need to make. Hopefully they choose opportunity over empty promises from City Hall.
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