'Spending is the Source of Ontario’s Deficit and Debt Problem' casts a critical eye upon the popular narrative at Queen’s Park that suggests Ontario’s large deficits are an unavoidable consequence of the 2008 global economic downturn and other uncontrollable economic forces.
In fact, it finds that the province’s now projected debt of approximately $298 billion stems from years of rapid spending growth beyond the pace of inflation and population growth.
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