The Ontario Liberal government under Kathleen Wynne has been down graded from AA status to A status.
This means it will cost the Liberal Goverment more to borrow monies!
The cost of paying the debt will be over 11 billion dollars per year.
Some economists are saying that we will not have a balanced budget by 2018 as promised by the Liberal Government.
The PanAm games are getting some bad press as most venues are not selling out (20%)and this shortfall will have to come from the public purse.
The building of a cycling velodrome in a farmers field is being questioned as to the area in which it was built, the cost override and future use of this arena?
The good news is that the Toronto area is being proposed by some, for a future site of the Olympics???
The bad news is that economists are touting that in the next few years one in five small businesses with fold due to the rising cost of hydro! (didn't we sell Hydro one to the private domain for 4 1/2 billion that originally was to pay down some of the deficit)
I love the new Liberal propaganda promo of Ms. Wynne running alone down some desolate road with the sun at her back....perhaps it is fitting as sublimely it seems she is running into the dark and away from her responsibilities that she has left behind.
just an observation
DRS