Fiscal responsibility and surpluses are not the same thing. We confuse them at our peril.

Sure doesn’t look like debt interest payments are crowding out Ontario’s ability to pay for other priorities.
This is an oversimplification, naturally, but I think a pretty good one.
Source: Laurentian Bank Securities
Source: Statistics Canada

Case 1: 2004–08 Irresponsible Fiscal Policy and a Surplus

Case 2: 2010- Irresponsible Fiscal Policy and a Surplus

Conclusion

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Senior Director, Smart Prosperity. Assistant Prof, Ivey Business School. Exhausted but happy Dad of 2 wonderful kids with autism. I used to do other stuff.

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Mike Moffatt

Mike Moffatt

Senior Director, Smart Prosperity. Assistant Prof, Ivey Business School. Exhausted but happy Dad of 2 wonderful kids with autism. I used to do other stuff.

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