THUNDER BAY, ON: The Canadian Taxpayers Federation (CTF) launched a 56- community, 28-day tour of Ontario with the provincial Debt Clock. The tour aims to draw public attention to the overspending and unsustainable debt at Queen’s Park.
“Ontario’s debt grows by almost a billion dollars each month,” said CTF’s Ontario Director Candice Malcolm. “Paying interest on this debt is the third largest expense in the budget, and it’s the fastest growing expenditure in Ontario.”
Ontario’s debt grows by:
“The bottom line is, this debt is irresponsible,” continued Malcolm. “By not addressing it and not paying it off now, we are handing the responsibility over to our children and grandchildren who will be forced to pay it with higher taxes and fewer services.”
Ontario’s debt currently hovers around $256 billion.
“This is thanks in part to Premier Wynne, who presented Ontario’s 6th consecutive budget deficit this year and refuses to address the province’s unsustainable debt,” said Malcolm. “Instead, she ignore the debt and tries to hit up taxpayers with more ‘revenue tools’ to fund more pet projects, like transit in Toronto.”
The iconic Debt Clock displaying Ontario’s provincial and per capita debt, is 12 feet long and over 5 feet tall. It is housed in a custom-designed trailer that has criss- crossed the country several times over the past two years.
The Debt Clock Tour Schedule (subject to change)
Sunday, August 11
Monday, August 12
Tuesday, August 13
Wednesday, August 14
Friday, August 16
Monday, August 19
Tuesday, August 20
Wednesday, August 21
Thursday, August 22
Friday, August 23
Monday, August 26
Tuesday, August 27
Wednesday, August 28
Thursday, August 29
Click here for a pdf version of the schedule.
You can follow the tour online. Malcolm and the CTF will post stories, photos and videos from the road on our Facebook page (www.facebook.com/taxpayerdotcom), Twitter feed (@CandiceMalcolm and @OntarioDebt), and our blog (www.taxpayer.com/blog/). The Debt Clock campaign site is www.OntarioDebtClock.com
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