Living in the fantasy-land of OntarioIt’s certainly takes some gall to ignore years of warnings from credit agencies about cutting back spending to rein in the ballooning deficit. As was it to defiantly unveil a $130 billion laundry list of new infrastructure projects, back when the net provincial debt was rounding $287 billion (it is closer to $298 billion now), while still promising to eliminate the then-$12.5 billion deficit in a matter of a mere few years. But it is something new altogether to take a black-and-white credit downgrade and try to spin it into something
good. And then — a day or so later — toss a
lump sum and a raise over to Hydro One employees. Is this real life? Where are we?
https://news.nationalpost.com/full-comment/robyn-urback-ontarios-credit-rating-gets-a-downgrade-ontario-government-%C2%AF_%E3%83%84_%C2%AF