Pretty loud since hockey and baskeball was on as well. (yay raps)
And the provincial elections are coming up fast.
So I decided to look up random info from the true and factual Wiki.. (I jest).
History[edit]
The government of Ontario's debt has risen under all governments since 1989.
During the 1990s recession, the Ontario New Democratic Party (NDP) government of Premier Bob Rae increased the total debt from $35.4 billion in 1989-1990 to $90.7 billion in 1994-1995.
The Progressive Conservative government of Premier Mike Harris increased the debt from $90.7 billion in 1994-1995 to $132.6 billion in 2002-2003, even while cutting services and downloading formerly provincially-run services onto the municipalities.[8] In the 1999-2000 budget, the Mike Harris government paid $3.1 billion towards the total deficit by selling the rights to the government-owned Highway 407/ETR in the form of 99-year lease to a private consortium.
The Liberal government of Premier Dalton McGuinty, in part due to the Great Recession, increased spending on social and energy programs and uploaded services from the municipalities, doubling the total debt from $132.6 billion in 2002-2003 to $268.0 billion in 2013-2014.[9]
At first glance the dept is forever increasing. Wow, I cannot even conceive of owning a billion dollars or even a million....It looks like every gov has increased the debt, it is hard to deduce anything from this other than that right.
I really do not see us getting out of debt any time soon or ever but lets do some calculations, shall we?
Now I have to fish back on how to calculate % increases but here I go for the year term the amount given:
NDP : increased debt by 159%
PC: 46%
Lib: 102%
Now I understand they only picked these specific one year terms, they could have chosen a different one year term for each party and we may see a different picture.
But as you know... Wiki never lies... haha
But this is just by the info that was given.
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