Government workers in Ontario earn wages that are nearly 14% higher on average than private sector workers in comparable positions
With the Ontario government expected to soon introduce a new budget and the province continuing to head towards its own fiscal cliff, Premier Kathleen Wynne has a chance to make a clean break from the fiscal mismanagement of her predecessor, Dalton McGuinty.
To stem the tide of rising debt, Premier Wynne needs to initiate a radical re-think of current spending and put forth a credible plan to balance the budget in the short term. After nearly a decade of excessive spending and large deficits, Ontario’s indebtedness is more than a little worrying. A sign of the province’s significant debt is the fact that it performs worse than the poster-child for bad public finances, California, on every measure of indebtedness.
For example, as a share of the economy, Ontario’s debt (38.6%)…
View original post 737 more words