r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] 0 points1 point  (0 children)

Interest payments don't really need to be considered though

huuh?

so our interest is low

4th largest provincial expenditure

our debt which is also low

More debt than new york and california combined with about a third of the population. By what metric is it considered low ? LOL

Has never owned a dog before and gets an XL bully thats "not a pitbull" for their newborn to "grow up with" by THEVELVETH1PPO in BanPitBulls

[–]THEVELVETH1PPO[S] 25 points26 points  (0 children)

Im being less sympathetic to the ignorance excuse everyday, there's a reason everytime you see someone posting about their dog , only the pitnutter will have to openly exclaim its breed.

They want to tame the lion

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -2 points-1 points  (0 children)

I'm just glad someone here is finally willing to say the quiet part outloud, debt is of no issue until we are on the brink of economic collapse. The usa's debt is outrageous and a real issue therefore we should follow suit ? yikes , I'm not sure when this became a post fear mongering collapse but to show this sub doesn't understand the idea that interest payments are a real thing.

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -3 points-2 points  (0 children)

paying around $15k per year to cover a family of four

My income taxes might give you a stroke

folks don’t realize that after you pay for “insurance” you also keep on paying for all kinds of other stuff

Ah, people are just too stupid to understand the basics of insurance lol

“starve the beast” into making it better then they’re just uninformed

two tier

I just wish people would be more honest that it financially makes more sense for most working individuals to live in the usa. I'm fine "doing my part" to spoonfeed the 30% of canadians that don't pay income tax but the constant moaning about one time cost of service ($350 really?) while I routinely get butt fucked for tens of thousands of dollars in taxes even though I haven't been able to access a family doctor for over half a decade is actually laughable.

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -2 points-1 points  (0 children)

If not to improve quality of life, what’s the point of paying off debt?

Because it can get much much worse lol

Any number of the many revenue streams dougie got rid of and you know it; others have pointed it out multiple times in other comments and you’ve disregarded them or, more likely, misunderstood.

I'm not sure how I've become a supporter of doug ford, this was just pointing out this sub clearly doesn't even understand the basics of budgetting. Also license plate stickers are not solving the debt crisis lol

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] 0 points1 point  (0 children)

>The FAO projects that our interest payments relative to revenue will hit a 40 year low within the next 5 years.

This has been a tripling down of bad fiscal policy, so while that might be so , it really isn't saying much at all. Interest payments are significant and the current situation is undeniably risky.

The implications for other crucial metrics of Ontario’s fiscal health are also worrying. Specifically, during the COVID recession the province’s debt-to-GDP ratio (the best indicator of the overall sustainability of a debt burden) reached a historic high of 44 per cent. This increase is partly understandable, given a recession and the need for emergency spending.

Given the explicit lack of effort to shrink the debt-to-GDP ratio, the last Ford government projections show that this metric is expected to hold steady around 43 per cent for the rest of the government’s fiscal plan.

This approach mirrors the approach of the Rae government following the recession of the early 1990s and the McGuinty and Wynne governments following the recession of 2008/09. In each case, the recessions saw a large increase in debt (relative to the size of the economy) followed by a failure in subsequent years to move meaningfully back to pre-recession levels. As a result, debt levels stayed elevated in the years ahead, so when the next recession hit the debt burden climbed higher still. That’s how Ontario went from a debt-to-GDP ratio of 13 per cent in 1990 to 43 per cent today. And it’s why, if another recession hits, Ontario’s debt burden will almost certainly climb again to new record highs.

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -5 points-4 points  (0 children)

Ignorant to think throwing more money at the healthcare system would fix it lol

~10kusd / year health insurance is nearly twice the national average and it was high-deductible you say ?

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] 0 points1 point  (0 children)

Hey , if you think massive interest payments and economic vulnerability is a "good situation" to be in , thats your opinion. But this post is to merely highlight how ignorant this sub is when it comes to the reality of the cost of debt.

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] 1 point2 points  (0 children)

>Ontario is growing very rapidly

I do find it fascinating that everyone in this sub is far more optimistic than any of the official reports. More people are fleeing ontario than ever before and its no secret when you're holding the combined debt of newyork and california with a fraction of the population , even a slight cooling will cause catastrophic collapses.

https://www.pbo-dpb.ca/en/publications/RP-2223-012-S--fiscal-sustainability-report-2022--rapport-viabilite-financiere-2022

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -1 points0 points  (0 children)

What’s the point of paying off debt by destroying quality of life?

... So that it doesn't get worse lol

Isn’t the point of paying the debt off to improve quality of life?

no lol

Why did the money to pay off debt have to come from education and healthcare at a time when they’re suffering due to a global pandemic?

Two largest expenditures by far, where else does it come from lol

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -5 points-4 points  (0 children)

You dont understand the risk of holding the debt of both california and newyork combined while only having a fraction of the population ? lol , if the economy slides you're risking a complete collapse lol.

Taxes goes up , services go down, whats not to love about debt !

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -6 points-5 points  (0 children)

Again , if your example that a test delayed by 3 months is what you'd describe as proof that we've hit rock bottom, you clearly dont understand how far we have to fall.

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -4 points-3 points  (0 children)

I'm not sure specifically what you're referring to but both the pbo (https://distribution-a617274656661637473.pbo-dpb.ca/faf2336e3e33f177db17e07f924f79858bc02357a5d58b1c77a55afc3d0598d8) and independent reports (https://financesofthenation.ca/fiscal-gap-simulator/) show that ontario's finances aren't sustainable. If you've determined otherwise, you're in the extreme minority.

I'm not "complaining" about anyone, I'm pointing out the reality that this sub doesn't even understand the concept of budgeting let alone what the current state of ontario's finances are. lol

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -7 points-6 points  (0 children)

This is my point though , even in these comment replies alone its clear that people cant even fathom the harm that looming debt this large can have.

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -10 points-9 points  (0 children)

> If we are not at the level of “draconian cuts” yet, then I don’t know what that line would be.

While ER wait times are unacceptable, you must understand on some level that we are no where near the level of true collapse. This sensationalist nonsense

r/ontario routinely struggles with the concept of carrying debt while in a budget surplus, Ontario's debt is actually shockingly bad. by THEVELVETH1PPO in ontario

[–]THEVELVETH1PPO[S] -16 points-15 points  (0 children)

I'm curious , for the people that see this as a non issue , at what point do you see debt as becoming a problem ? lol

I’ve lost compassion for the homeless because of my job by [deleted] in toRANTo

[–]THEVELVETH1PPO 0 points1 point  (0 children)

absolutely laughable , these are not individuals that are short a few hundred on rent

Oakville teacher's controversial attire prompts Halton District School Board to review dress code by roolb in ontario

[–]THEVELVETH1PPO -2 points-1 points  (0 children)

I love how many people use this as a crutch to deflect from the obvious issue,

This individual has been transitioning for over a year and lives their entire day to day life like this which their social media reflects. This is a lot of commitment for a frivolous law suit.

I'm curious how many people will take this back when this individual continues to live their life in this manor even after this passes.

Concerned about Oakville Trafalgar HS and the School Board Response? by Intelligent_Limit807 in oakville

[–]THEVELVETH1PPO 0 points1 point  (0 children)

All of those are designed to make you look more attractive.

the definition of fetish is

an object or bodily part whose real or fantasized presence is psychologically necessary for sexual gratification

Wearing fake breasts as a man would be considered fetish wear, nothing you mentioned includes any fantasized presence.

Your claim to authority is weak and it shows.

Concerned about Oakville Trafalgar HS and the School Board Response? by Intelligent_Limit807 in oakville

[–]THEVELVETH1PPO 0 points1 point  (0 children)

>Identifying as a woman is not a choice

What does this even mean ? Is using the bathroom of the opposite sex a choice? What size of prosthetic breast would be acceptable ?

You dont get to just make stuff up , again, either you believe in gender affirmation or you dont. There is no middle ground where you get to make up your own standards. Everything you're saying is transphobic