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Are “Wynne Days” Coming?
Appeared in Waterloo Region Record We’ve seen this script before. Higher spending. Tax increases. Persistent deficits. Growing debt. Warnings from credit rating agencies. A government unwilling to make the tough choices to turn things around. That’s the ...
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Telling tales is human; politicians shouldn’t overdo it
Appeared in the Calgary Herald From the first tale told by our ancestors around a fire somewhere in Africa millions of years ago to the plot behind a summer blockbuster movie, we—the human race— have always been superb storytellers. And our stories matter ...
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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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Ontario usurps California's role as poster child for bad fiscal management
Appeared in the Ottawa Citizen It has been more than two years since an independent commission submitted its report to the Ontario government on the province's poor public finances and high government debt. The report's findings were sobering. ...
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It's déjà vu all over again with Ontario's latest fiscal plan
Appeared in the Toronto Sun Ontario Finance Minister Charles Sousa called his updated financial plan a new direction but in truth it had a nostalgic feel. With his government facing considerable fiscal challenges including an $11.7 billion deficit and ...
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What Ontario Can Learn from Greece
Appeared in the Winnipeg Free Press and Woodstock Sentinel Review Even Greece, the poster child for rampant debt, carried an Ontario-style debt load as recently as 1984 Don Drummond (2012) Commission on the Reform of Ontarios Public Services Greece is ...
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Ontario vs. California Indebtedness
Appeared in the Financial Post I do not want Ontario to become like California Finance Minister Dwight Duncan once proclaimed. And it's not hard to understand why, California is a fiscal nightmare. It has the lowest bond rating in the United States ...
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Ontario vs. California: Who's Really in Debt?
Appeared in the Toronto Sun Kathleen Wynne celebrated this week after winning the Ontario Liberal leadership and the premiers job. But now comes the hard part, finding a way to return Ontarios finances to a stable, sustainable path. Part of the ...
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State of Ontario's Indebtedness
The essays collected for this publication are designed to provide readers and particularly those in Ontario a better sense of where the province?s debt stands today, the expectations for the future, and warnings about the likely costs of inaction. Part of ...
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Ontario's 2012 budget a missed opportunity
Appeared in the Financial Post On Tuesday, Ontario Finance Minister Dwight Duncan had one of those rare opportunities of which politicians can only dream. With his province heading toward a fiscal crisis caused by mounting debt and out-of-control spending ...