TheTigerMaster
Superstar
I'd argue that anyone making any predictions at this point is a fool. At this point we could end up with either a Liberal or PC majority
Well we can start by keeping corporate taxes where they are (among the lowest in North America) instead of reducing them by 30%. Hudak wants to manufacture a crisis by cutting revenue to justify cutting services. It's unnecessary and counterproductive.
Did Tim Hudak say he will begin construction on the DRL 100 days after being elected, how is that even possible?
Mr. Hudak’s plan involves building a new east-west express line in downtown Toronto. Construction on the relief line would begin with 100 days of being elected. [/]Mr. Stewart, Mr. Hudak’s spokesman, said the line itself would likely run from Pape Station to Dundas West Station in a “U” shape south of Bloor Street — a route previously proposed by other proponents of a downtown relief line.
http://ww2.nationalpost.com/m/wp/bl...it-announcement-almost-derailed-by-ttc-police
Couldn't be any clearer...
Hudak promised his government would spend up to $2 billion annually on transit once the budget is balanced, saying the initiatives will create 96,000 jobs as part of the Tories' "million jobs plan.
I'm assuming that we the taxpayers will be throwing Harrisdak a shovel on day 100 and tell him to start digging.
I honestly don't mind that plan. Keep him down there until he's finished
Fair enough but the Liberal proposal is to leave corporate taxes where they are and the deficit is going up.....so using the proposed (not passed) budget as a "base case" what could be cut from that to get the deficit eliminated and satisfy people?
To pose the question another way....if health and safety and education are sacrosanct how does Ontario get from a +/- $12B deficit and +/- $300B net debt position to either a) balanced budget or b) surplus budget that allows some debt repayment?
What kind of cuts to what would people accept?
I don't know, I'm not the one proposing policy.
But when you have a deficit the last thing you do is reduce your own income.
It's worth noting that as different as their visions are, the Liberals and Conservatives are proposing balancing the budget within a year of each other, so clearly the majority of those cuts are unnecessary.
That's a reality most don't want to face.
It's a shame because we are getting real close to the point where some economists would call our deficit structural (ie. the amount of interest we pay each year is so high relative to our overall budget that it becomes very difficult to balance a budget and live up to obligations).
I am willing to stand corrected* but wasn't the budget balanced before the recession? Everyone went into debt during the recession and I understand Ontario isn't getting back to zero as fast as some others but then it would be taking Ottawa a lot longer too if they actually spent a dime on things like housing and transit. I don't advocate spending like crazy for no purpose and it may even be the public sector has gotten "too big" but I don't think it's entirely clear that we're at that point (nor is it clear Hudak has done any actual analysis of where we can do better. He just wants Harris-style across-the-board cuts, as far as I can see).
*I have no math skills nor understanding of macro-economic concepts.