{"id":2702,"date":"2014-12-10T06:47:50","date_gmt":"2014-12-10T11:47:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2702"},"modified":"2014-12-10T06:47:50","modified_gmt":"2014-12-10T11:47:50","slug":"ontario-auditor-general-warns-province-is-in-a-debt-spiral","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2702","title":{"rendered":"Ontario Auditor General Warns Province Is In A Debt Spiral"},"content":{"rendered":"<p><a href=\"http:\/\/www.huffingtonpost.ca\/2014\/12\/09\/ontario-debt-auditor-general_n_6296980.html\">Ontario Auditor General Warns Province Is In A Debt Spiral<\/a>.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Ontario&#8217;s auditor general is sounding the alarm about the province&#8217;s ballooning debt in her annual report, warning that it continues to grow faster than the province&#8217;s economy.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">In her 600-page annual report released Tuesday, Bonnie Lysyk cautioned that despite Ontario&#8217;s work to eliminate its deficit, the province&#8217;s rising net debt \u2014 the difference between its liabilities and its total assets \u2014 could have a number of negative implications for its finances in the future.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Ontario&#8217;s majority Liberal government has pledged to eliminate its $12.5-billion deficit by 2017-18. But by that year, the province&#8217;s net debt will have soared to $325 billion \u2014 more than double the $156.6 billion a decade ago, Lysyk&#8217;s report estimated.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ontario Auditor General Warns Province Is In A Debt Spiral. Ontario&#8217;s auditor general is sounding the alarm about the province&#8217;s ballooning debt in her annual report, warning that it continues to grow faster than the province&#8217;s economy. In her 600-page annual report released Tuesday, Bonnie Lysyk cautioned that despite Ontario&#8217;s work to eliminate its deficit, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,195,1782,1378],"class_list":["post-2702","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-debt","tag-debt-spiral","tag-ontario"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2702"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2702\/revisions"}],"predecessor-version":[{"id":2703,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2702\/revisions\/2703"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}