ontario government spending

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When the federal government faced a growing debt problem in the late 1980s, then Opposition finance critic Paul Martin was initially skeptical about cutting spending.

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The other day former Ontario Premier Bob Rae, fumed at a column by economist Jack Mintz who noted the similarities between the current Kathleen Wynne government and Rae’s reign as premier of Ontario, specifically the “high deficits, debt and taxes.”

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If Ontarians are to believe Finance Minister Dwight Duncan, next week’s provincial budget will be “the most significant budget this government has ever delivered.” Let’s hope so. With a deficit of nearly $16 billion this year and several more expected over the coming years, Ontarians desperately need and deserve a plan to return fiscal sanity to the province.