Moody, the credit rating agency has just cut Spain's credit rating and warned that further downward adjustments may be on the way. It strikes me that this should serve as a stark warning to the people of Ontario that Mr. McGuinty's vision for our once great province is deeply flawed.
The model which McGuinty seeks to have us buy into is based around two things.
1. The implementation of a green energy act supported by taxpayer subsidies in the belief that we will create a "new Green economy"
2. Large growth of public sector payrolls with claims of improved services and trickle through benefits to the greater economy.
If you look at Spain they embarked on an almost identical program in advance of Ontario and after spending tens of billions of their tax payers dollars on subsidizing green energy (wind and solar), the facts show that for every 1 job they created they lost 2.3. Their energy costs went through the roof placing strain on their already burdened taxpayers and driving many "real" businesses into financial hardship and making them uncompetitive globally.
Spain's ever burgeoning public sector costs are (like Ontario's) the only area that has truly grown, but this contrary to what Mr McGuinty would have us believe is not a good thing. It is once again the poor taxpayers who have to foot the bill for these services and (contrary to what all the public sector unions would have us believe in their annoying radio ads), the government is not very good at delivering services in a cost effective manner. If we really do need all of these programs ( I personally don't think we do) then let private industry bid for them in a competitive manner so that the taxpayer get value for money.
The ratings agencies are already paying close attention to Ontario's growing deficit and ballooning costs and if Mr McGuinty and his friends continue on their destructive path, it will not ne long before we too start paying more to service that debt load which the liberals have created.
As with all things though Mr. McGuinty like all politicians will not suffer the future effects of his legacy to us in the same manner as the hard working taxpayers as he will be nicely protected by his index linked pensions and benefits.
Dedicated to getting The politicians in Ontario and the Canadian federal government to go back to the principles of small government and respect for the opinion of the majority rather than representing the special interest groups so effectively at taxpayers expense.
Showing posts with label Dalton McGuinty. Show all posts
Showing posts with label Dalton McGuinty. Show all posts
Thursday, March 10, 2011
Tuesday, December 14, 2010
Green Energy Act just doesn't add up?
Yesterday in Ottawa a bunch of newly installed parking ticket machines which are powered by Solar powered technology froze up due to snow and stopped working!!!!
I guess our leader Mr McGuinty did not consider that it snows a lot in Canada inspite of "global warming" and when it does, So...lar powered systems and Wind farms tend not to work!!!.
Oh dear Dalton, what are we to do on these cold cold days of winter when the icicles are hanging off your wind towers? Fortunately, our old friends at the hydro, coal and nuclear plants manage to keep the power flowing without a problem which begs the question "If we cannot rely on your so called green technology on the days we need it most then why do we need it at all?" It seems our trusty existing sources will for the foreseeable future continue to be the "only" reliable source of energy and Daltons pipedream is just another government boondogle.
I guess our leader Mr McGuinty did not consider that it snows a lot in Canada inspite of "global warming" and when it does, So...lar powered systems and Wind farms tend not to work!!!.
Oh dear Dalton, what are we to do on these cold cold days of winter when the icicles are hanging off your wind towers? Fortunately, our old friends at the hydro, coal and nuclear plants manage to keep the power flowing without a problem which begs the question "If we cannot rely on your so called green technology on the days we need it most then why do we need it at all?" It seems our trusty existing sources will for the foreseeable future continue to be the "only" reliable source of energy and Daltons pipedream is just another government boondogle.
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