The Canadian Taxpayers Federation is pushing the Ontario government to pay down debt by bringing the Debt Clock to 17 cities across the province and showing Ontario’s $400-billion debt go up in real time.

“The provincial debt is already more than $400 billion and it’s going up by tens of millions of dollars every day,” said Jay Goldberg, CTF Ontario Director. “Every dollar Queen’s Park racks up in debt today is a dollar plus interest that taxpayers will have to pay back tomorrow.”

The Debt Clock is a huge digital counter mounted on the side of a moving truck that shows the provincial debt increase in real time.

The Ontario government’s debt is currently more than $400 billion. Each Ontarian’s share of the provincial debt is more than $28,000. The Debt Clock shows the debt increasing by $768 every second.

By the end of this year, Premier Doug Ford will have added more than $86 billion to the provincial debt.

Provincial debt interest charges will cost taxpayers $14 billion this year.

“The Ford government is spending more money on debt interest than post-secondary education,” said Goldberg. “The province is wasting too much money on debt interest charges so Ford must cut spending and balance the budget.”

The Debt Clock will be making stops all across Ontario to sound the alarm about the rising provincial debt.