Thursday, July 24, 2008

McGuinty's Equalization Whining Upsets Other Provinces

The lead editorial in Today's Halifax Chronicle Herald provides fodder for the argument that Ontario Premier Dalton McGuinty really is the small man of confederation that he has been accused of.

McGuinty is whining that Ottawa should give Ontario more cash. Of course, he does this the same day the the Toronto Star runs a front page story about how the feds are committing $7.8 billion for Ontario infrastructure. So much for his timing.

Ontario is flirting with a recession and Mr. McGuinty has spent the provincial cupboards bare, so there is no cash for him to provide the tax relief necessary to help fix things. Why is that? Because he has spent like a drunken sailor - more than twice the combined rate of inflation and population growth for five straight years. He has created almost as many government jobs as private sectors jobs. In fact, more government jobs than Mike Harris, Ernie Eves and Bob Rae combined!

If the feds want to help out Ontario they could scrap equalization altogether and reduce taxes by the same amount. It is better that Ontario taxpayers and businesses get the cash without the Premier getting his mitts on it because he has proven already that he can't be trusted to manage it responsibly.

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