Be sure to read part 1 to get up to speed!
Provincial Debts and Deficits - boy they are getting really bigggg. Ontario Finance Minister Dwight Duncan in his recently announced budget shocked all of us (even though he leaked the info in advance) by the mega deficits we can expect. At least 18 Billion over the next 2 years and many more Billions over the next 5 to 10 years. The first question our Windsor Star reporters could ask is, are revenues or government income going down? If the answer is no then why are the deficit and debt going up? Will all this new government debt help business create long term jobs? Really what does this mean to the average hardworking taxpayer? Does it mean more taxes and if so how much?
Don't forget to check in tomorrow for part 3 of this series.
