california debt

3:00AM
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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.


2:00AM
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Kathleen Wynne celebrated this week after winning the Ontario Liberal leadership and the premier’s job. But now comes the hard part, finding a way to return Ontario’s finances to a stable, sustainable path.

Part of the challenge facing Ms. Wynne is Ontarians’ indifference to the province’s deficits and debt. If the citizens of the province aren’t concerned about the over-spending, the deficits, and the accumulated debt that emerges from such spending, then we shouldn’t be surprized to see politicians ducking hard decisions.