ontario debt

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Kathleen Wynne celebrated this week after winning the Ontario Liberal leadership and the premier’s job. But now comes the hard part, finding a way to return Ontario’s finances to a stable, sustainable path.

Part of the challenge facing Ms. Wynne is Ontarians’ indifference to the province’s deficits and debt. If the citizens of the province aren’t concerned about the over-spending, the deficits, and the accumulated debt that emerges from such spending, then we shouldn’t be surprized to see politicians ducking hard decisions.


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On Tuesday, Ontario Finance Minister Dwight Duncan had one of those rare opportunities of which politicians can only dream. With his province heading toward a fiscal crisis caused by mounting debt and out-of-control spending, an opposition sympathetic to dealing with the problem, a public that clearly wants his government to address the debt, and news outlets that understand the need for significant fiscal restraint, everything lined up for Duncan.