GOLDBERG: Ford fails to deliver for Ontarians yet again
If Ontario Premier Doug Ford was hoping to win over Ontario taxpayers disenchanted with three years of broken promises, this week’s fall economic update badly missed the mark.
Ontario is awash in red ink.
Three-and-a-half years ago, Ford and his Progressive Conservative team was elected with a mandate to fix Ontario’s finances and lower the heavy tax burden faced by Ontario families.
This week, Ford waived the white flag.
Does Ford really think Ontarians would prefer a “staycation tax credit” over an income tax cut or relief at the pumps?
The deficits the Ford government plans to run are also much too high. While current projections may be somewhat lower than they were in last spring’s budget, the Ford government still plans to add over $50 billion to the provincial debt over the next three years.
Ontario already has a $400 billion debt. The province spends over $1 billion a month on debt interest payments; that’s more than the province spends on post-secondary education.
Ford’s deficit bonanza will only make things worse.
To add insult to injury, Ford and Bethlenfalvy don’t even have a plan to balance the budget. The words “balanced budget” can’t be found a single time in the text of the economic update.