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Government budgets are like volcanoes: It’s what underneath that counts
Appeared in the Calgary Herald Imagine you’re near what you thought was a dormant volcano but it suddenly erupts. Assuming you escape, you might later reflect that there was nothing “sudden” about it. The eruption resulted from earlier events deep within ...
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Moody's report yet another warning sign for Ontario to act
Appeared in the Guelph Mercury A new report on provincial debts and deficits by Moody's, the international credit rating agency, is another piercing reminder of Ontario's serious fiscal challenges. Based on media accounts, the report warns that ...
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Comparing the Debt Burdens of Ontario and California
To many in the United States and Canada, California represents the epitome of irresponsible government spending coupled with poor cash management. However, the province of Ontario is carrying a much worse debt burden than the state of California. This ...
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A necessary New Year's resolution for Ontario
Appeared in the Toronto Sun Another year has come and gone and Ontario's weak public finances remain largely unchanged. The provincial government did little to improve its fiscal position in 2013 and recently signalled it intends to continue with ...