aside from the fact that the same economists that we are reminded daily are critical of Hudak's job plan have also cast serious doubts on this plan...
Is there a reference for this? A couple of ultra-right wing economists made this comment. But I'm not sure it's all the same ones.
...revenue growth alone can't wipe out a $12B shortfall
Of course it can't. No one has said it would. You also have the taxation increases on the rich and business that have already been announced. And controls on spending increases.
....and that is before you factor in the impact to personal spending and corporate taxation of the new pension plan.
Why would you factor in something that's not going to happen for 3 years ... which is about when the deficit would be gone?
People cannot spend the money that will be taken off of their pay cheques and companies can't be taxed on the amount their profits are reduced (one example.....at their recent annual meeting Magna announced that none of their next 23 plants will be located in Ontario....they cited two reasons, the cost of energy and impact of the new retirement plan.....they estimate on their current Ontario labour force it will cost them $38 million annually). This is not intended to debate the merits of this pension plan.....but to suggest a new forced saving on individuals and a new payroll tax on employees will not impact revenue growth is simply naive.
That's just Stronach making political comments to influence the election. $38 million is fraction of the extra health-care costs they'd have to pay if they were to locate in the USA.
That would not be enough to balance the budget......we either have to increase revenues (raise taxes) or cut spending. Both he and Wynne have passed on the first option.....he is going to implement the second.
And repeat the Harris cuts. Who would be crazy enough to want to inflict that kind of damage and death on Ontario again.
No.....it is the search for balance that needs those cuts.....where they will be is yet to be determined but, yes, there will be cuts to education workers and if I was an OPA worker today I would be spending time on Workopolis
You think that that Hudak is going to gut the Ontario Hydro that the PC party created in the first place? Ontario Hydro has been out-of-control for decades. Ultimately they have the upper hand ... we can't survive without electricity, and they have their fingers on the plug. Sure it's an issue - but it's hardly a political issue. No party has ever succeeded on this one!
Personally I'm basing my vote on transit. And there's quite clearly only one choice on that one, given that the Tories are cancelling many transit infrastructure projects, and the NDP seems to be decreasing spending from about the $3 billion a year the Liberals are promising, to about $250 million.
I could have voted for Horwath if she'd had even the semblance of a plan - but she doesn't.
And I could have voted for the Tories if they had a decent plan, and a competent leader. Personally though, I don't see how anyone has the ethics or morals to vote for a bigot like Tim Hudak.