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Is debt in Ontatio going for Bronz?


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Payments on Ontario's debt is the fourth largest budget expenditure. That puts it out of the medals, but with a large increase in borrowing, and government lockdowns decreasing revenue, bronze is almost assured in the next budget.

 

Why it matters

Interest payments on our debt are Ontario’s fourth largest line item after healthcare, education and social services.

In 2019–20, interest on the debt will cost about $13.3 billion.

As Ontario’s debt has increased, we continue to pay more and more interest. Every dollar that is spent paying interest is one less dollar going to critical public programs and services.

Ontario’s top expenses

Health sector

 

$63.5 billion

Education sector

 

$41.2 billion

Children and social services sector

 

$16.7 billion

Interest on debt

 

$13.3 billion

 

source: https://www.ontario.ca/page/ontarios-finances#:~:text=In 2019–20%2C interest on,critical public programs and services.

 

 

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21 hours ago, oops said:

Payments on Ontario's debt is the fourth largest budget expenditure. That puts it out of the medals, but with a large increase in borrowing, and government lockdowns decreasing revenue, bronze is almost assured in the next budget.

 

Why it matters

Interest payments on our debt are Ontario’s fourth largest line item after healthcare, education and social services.

In 2019–20, interest on the debt will cost about $13.3 billion.

As Ontario’s debt has increased, we continue to pay more and more interest. Every dollar that is spent paying interest is one less dollar going to critical public programs and services.

Ontario’s top expenses

Health sector

 

$63.5 billion

Education sector

 

$41.2 billion

Children and social services sector

 

$16.7 billion

Interest on debt

 

$13.3 billion

 

source: https://www.ontario.ca/page/ontarios-finances#:~:text=In 2019–20%2C interest on,critical public programs and services.

 

 

The question to be asked here is do the people of Ontario really give a dam? The province is going belly up and bankrupt but yet they still go along with this farce of a Convid virus lie which is costing the economy and the loss of hundreds of billions of revenue for the province and the loss of thousands of jobs. The damage to society alone has been huge but yet the people of Ontario appear to not give a dam about the economy or the cost to society. They are still ready and willing to wear their face diaper masks and social distance and totally give up on having fun anymore.

This is not the old normal Canada that we all once knew just eight months ago and loved and enjoyed. We all lived a pretty good life back then. All that is going on today in Canada smacks of communism. This is now a new Canada that is being created and being changed in such a way that everything that was once normal to us all will now be replaced by a new normal. Are you liking it so far? 

Do you like your new normal life these days? If you do then communism is the life for you. But if one believes in freedom they should all say enough already and let's all get back to the old normal life that has been stolen and taken away from us. If one thinks that taking your vaccine shot will get us all back to normal than you are sadly mistaken. Fauci the liar even has said that we may have to wear a mask for two more years. WTH? So why or what is with the push for a vaccine then? 

This is only the beginning of what is waiting for us all if we continue to surrender to the dictates of our dear lying comrade leaders, the lying bought off and controlled globalist media, and those so called health experts who are lying to us all every day. As Biden always likes to say "come on, man". Indeed, come on, man, get your head out of your butt and start thinking for yourselves and stop letting the traitors of Canada do the thinking for you.  It's your call, man. 

The only medal that Ontario is going to get is a medal that says here is your medal for you to shove up your azz. ;)

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