Dwight Duncan says next Finance Minister will be left with his “cock-ups” …. No Dwight, Ontario Taxpayers will be on the hook!

Posted: January 22, 2013 in Uncategorized

Geez, statements that “this missing in action lame duck Government” are making, sound absolutely insane lately!

Today Dunky found out the deficit was 2.5  billion lower than he expected. What happened, did someone return a gas plant that was moved out of Mississauga to buy two seats last election?

And this guy calls himself a Finance Minister!

If a normal household was run like our Province everyone in that household would be living over a grate on Yonge Street!

These buffoons just don’t seem to get the big picture here. The Ontario tax payers are the ones who will have to deal with the massive debt these hucksters have put us into, not the next Finance Minister!!!

Unless this guy has bribed his way into a job that he has created himself, he should be unemployed for many decades in the real world!

The $10,000,000,000.00 per year in interest charges on our overall debt should be the news here, not how this Government had to make tough choices!

Scott Stinson: Dwight Duncan made it clear he’s left the tougher decisions for Ontario’s next Finance Minister

 Scott Stinson | Jan 22, 2013 10:05 PM ET

More from Scott Stinson | @scott_stinson

Ontario Finance Minister Dwight Duncan responds to questions following a Provincial and Territorial Finance ministers meeting, Monday December 17, 2012 in Chelsea, Que.

Ontario Finance Minister Dwight Duncan responds to questions following a Provincial and Territorial Finance ministers meeting, Monday December 17, 2012 in Chelsea, Que. Adrian Wyld / CP files

One can forgive Dwight Duncan’s impulse to take a victory lap of sorts as his time as Ontario’s Finance Minister draws to a close. After all, the last time he updated the province on the state of its treasury, Dalton McGuinty called an evening caucus meeting a few hours later and told everyone he was stepping down as premier.

Mr. Duncan might as well have used his fall economic statement to say Ontario was selling Kenora to Manitoba for all the attention it received the next day.

So it was that the Finance Minister took to a downtown Toronto conference room on Tuesday to issue the rare winter economic statement, in a speech that buffed his fiscal record — but also signalled that the next premier and finance minister still have a difficult task ahead. It was a strange bit of messaging: congratulating his government for having made some tough decisions, but warning that he left the tougher decisions for his successor.

The good news, such as it was, was that the province has lowered its forecasted deficit for 2012-13 to about $11.9-billion, which is $2.5-billion lower than it forecasted in the fall and $3-billion lower than it set out in last spring’s budget.

Mr. Duncan acknowledged that most of the adjustment could be attributed to unforeseen one-offs — an increase in corporate tax revenue of $1.1-billion and another $1.1-billion in savings from the elimination of banked sick days for teachers — but he also saved some credit for his government’s prudence.

“We didn’t think we’d be at this point for another two years,” he said of the $12-billion deficit. He also touted the fact that this is the fourth year in a row that Ontario is ahead of its fiscal targets, which is mostly an indication that the finance ministry has mastered the art of making conservative projections and then exceeding them.

No, the success in wrestling down the deficit, Mr. Duncan said, was all part of the Strong Action plan that he and his boss put forward back before either of them was booking vacation plans for life after government.

“We have taken the difficult decisions that we had to take,” he explained, alluding to the contract negotiations with public-sector workers that produced a bunch of contracts with two-year wage freezes — and a smouldering ruin where the friendly relationship between the Liberals and the province’s teachers used to be.

READ MORE HERE:

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Comments
  1. madasabat says:

    Surprising that Duncan wouldn’t have
    credited McGuinty’s ambitious foray
    into the green economy as the catalyst
    that lessened our forecasted deficit.
    Possibly he’s not as much of a moron
    as he’d lead you to believe.

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