If this wasn’t so serious, it would actually be laughable, in a perverted sort of way.
Charles Souza actually has the bloody nerve to lecture Ontario Citizens on how they should “afford” and “manage” their money better while loosening the tax payers dollars on his half-witted Government’s plans to literally spend Ontario into OBLIVION!
Actually, how this guy has the gall or even ignorance to address anyone about managing debt, while he and his corrupt cohorts drive Ontario’s debt over $280,000,000,000.00 (that’s 280 BILLION) and counting, makes a normal hard working Ontarian wonder if they are living in Bizarro World where everything that appears right is wrong!
The arrogance and disgusting false-righteousness of this Government is appalling and must end now.
Ontario is now basically insolvent and should be declared BANKRUPT before any more creditors lose everything they thought they held as an “asset” in this once great Province!
Queen’s Park has become nothing more than a sink hole of misery and debt ridden promises from a crippled dysfunctional gang of thieves!
Laughable for Sousa to preach spending discipline
BY SUE-ANN LEVY ,TORONTO SUN NOVEMBER 12, 2013
Ontario Finance Minister Charles Sousa. (Craig Robertson/Toronto Sun files)
TORONTO – At first, I wondered if I was witnessing a Saturday Night Live skit Tuesday morning.
But no, folks, when it comes to the provincial Liberals and their gross denial of Ontario’s fiscal realities, you just can’t make this stuff up.
Finance Minister Charles Sousa — the very same Sousa who finally admitted last week the Liberals are only really interested in spending themselves silly into the next election and not managing their deficit or debt — told a group of about 100 credit counsellors and people with debt problems that it is “critical” they do the things they can “afford” and “manage.”
Crowing that his “old man harped on” understanding the value of money when he was growing up, Sousa also said — with a straight face — that the province’s $127-billion budget is “no different than a household trying to manage their budget” and “effectively afford” the things they buy and spend.
“No one wants to see people in a position where they can’t afford their debt,” he told the group meeting to mark the seventh annual Credit Education Week. “I as treasurer of this province am always concerned about our ability to afford debt.”
My eyes nearly rolled back in my head when he went on to say that he regularly measures the province’s net debt-to-GDP ratio as an indication of their ability to afford debt.
“More importantly (I want) to ensure we take the proper measures not to pass on that burden to our children and future generations after,” he said, again without breaking a sweat.
“We need to be disciplined … we need to be determined,” he advised the crowd, adding that the province “needs to do the same.”
I can’t for the life of me understand why Sousa — whose government has proven not to have a modicum of discipline when it comes to frittering away tax dollars — would have even put himself in the position of lecturing an audience on money and debt management, especially considering what he told Ontarians in last week’s Fall Economic Statement.
Maybe he and his handlers didn’t think any media would attend to witness this train wreck.
Last week, he good as said the Liberals were prepared to abandon their very short-lived attempts at tightening their belts — as well as the carefully articulated recommendations of economist Don Drummond in his $76,500 report of 18 months ago.
Drummond said that in order to have any hope of balancing the books by 2017-18, the Liberals had to target a spending level across the entire government that is 17% lower than present expenditures.
Instead, Sousa and his political master, Premier Kathleen Wynne, said they intend to protect investments, that is keep spending ($5 billion to be exact) on jobs and infrastructure ahead of keeping short-term targets — meaning they don’t have any hope in hell of eliminating the current $11.7-billion deficit by 2017-18.
I hate to break it to Sousa, but I don’t consider a $273-billion debt or a $11.7-billion deficit — with no plan whatsoever in place to bring those numbers down — evidence of proper management of the Ontario household budget.