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We're number 1! We're number 1!

What, not good?

Doesn't Ontario have among the lowest per capita program expenditures of all the provinces? Not following how the Ontario debt increase is attributable to high spending.

"While Ontario now has the highest per capita net provincial government liabilities, its growth rate of 80.1 percent was actually third – after British Columbia at 139.5 percent and Nunavut at 87.7 percent."

Relative growth rates like this are meaningless, because the denominator is not bounded away from zero. If you look at the superprovince of BC-Alberta-Saskatchewan-Manitoba-New-Brunswick-Nova-Scotia-Yukon-Northwest-Territories-Nunavut, you'll see that its net financial debt increased by 6315% from $671M to $43.05B over that same five year period, even though none of the 9 individual provinces and territories had anywhere near such a dramatic increase in debt, simply because the assets and debts almost exactly cancel at the start of the period.

To meaningfully answer the question "how much has Province X's debt increased" you should be subtracting, not dividing; it looks to me like NWT comes "first" here, at about $9000 per capita, with Ontario closely behind at about $8000 per capita, while BC's debt increase of around $3000 per capita is one of the smaller values.


I think it's fair to say that Ontario's debt arises from high spending relative to income (namely because Ontario has some of the lowest tax rates for the middle class in Canada). Since no Ontario political party has any appetite for serious tax increases (which, I think, is a fair statement. A willingness to increase taxes that don't raise much in terms of revenue - corporate taxes, a tax on the "rich" isn't a serious tax policy), Ontario has a spending problem.

That sounds like a revenue problem, to me.

Right, but unless you're willing to increase taxes, you have a spending problem. If you're unwilling to cut spending, you have a revenue problem. If you're unwilling to do either, well, you're the current government.

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