Thursday, February 16, 2012

mcliar exposed

by his own economist. The financial mismanagement and lies go mcliar are exposed by the Drummond report. mcliar said everything was hunky dory in October, apparently now there needs to be massive cuts in order to prevent a doubling of mcliars 16 billion dollar deficit. More are days ahead? Gloom — or doom. That’s the outlook for Ontario, according to a sweeping review of public services urging higher hydro bills, larger school classes, a streamlined health-care system that could lead to fewer hospitals, more expensive tuition and increased user fees. Don Drummond, chair of the commission on public-service reform, on Wednesday delivered the roadmap for Ontario’s daunting journey. It came in the form of a two-volume, 668-page report so weighty that a table collapsed when Ontario Provincial Police officers unloaded embargoed copies in the media lock-up. “Ontario faces more severe economic and fiscal challenges than Ontarians realize,” said Drummond, a former TD Bank chief economist, warning the deficit would balloon from $16 billion this year to $30.2 billion by 2017-18 unless the hemorrhaging is stanched. “Our message will strike many as profoundly gloomy. It is one that Ontarians have not heard, certainly not in the recent election campaign, but one this commission believes it must deliver,” he said, castigating all the major political parties for saying they could balance the books within five years relatively painlessly. Finance Minister Dwight Duncan said the only one of Drummond’s 362 cost-cutting recommendations the government rejects outright was scrapping full-day kindergarten — everything else is “part of the mix.” While Duncan said taxes wouldn’t be hiked — a planned cut in corporate taxation rates from 11.5 per cent to 10 per cent does appear doomed — he did not rule out asset sales even though the commission cautioned against them. “I didn’t say those other things are out of the question — I’m the finance minister, we’re the government,” he said. Many of Drummond’s recommendations would be politically difficult to enact — especially for a minority government re-elected on sunny promises less than five months ago.

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