debt and deficits

4:13PM
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Beware, budget deficits can increase inequality

Government debt redistributes resources from the entire population to the wealthy holders of the debt.


2:53PM
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The Notley government increased spending by nearly 13 per cent over is first two full fiscal years in office.


5:00AM
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In 2016-17, the deficit was $0.991 billion but $6.276 billion was added to the net debt.


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As the economic role of government expanded in 20th century Canada, governments lost sight of the law of diminishing returns.


2:32PM
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Ontario’s unemployment rate crept up slightly to 5.9 per cent in October.


4:30AM
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Ontario has seen its share of total provincial net debt rise to 51 per cent.