And yet the days are rapidly disappearing and as yet no sign of taking this impending crisis seriously.
If you listened to Don Drummond when the report was released you would often hear him say that the Government was free to dismiss any of his suggestions, but they would have to make that money up somewhere else if they are serious about meeting their fiscal targets.
If Moody’s ascertains that the spring budget is inadequate and moves to downgrade Ontario, then I beg the two opposition parties to take down this incompetent McGuinty Government before it does any more harm.
* * * *
National Post editorial board: European energy lessons for Dalton McGuinty:
…Mr. McGuinty’s Ontario government has abandoned most of its eco-power initiatives already: Over the past 18 months, it has announced it won’t stick the provincial landscape full of giant wind tower turbines, and it will orphan the small-scale solar-panel farms it encouraged landowners to build because there is no economical way to get the power they generate into the provincial grid. About the only part of its strategy that remains is the higher power prices needed to cover development of the alternate sources that have already gone ahead.
If the Ontario government were to stop now, the province’s consumers would still likely have to pay power costs 20% to 30% higher than in 2008 — the year before the Green Energy Act — for the rest of this decade, just to pay for the failed initiatives to date. Ontarians should tell their government to take a lesson from Europe: It’s time to awaken from Dalton McGuinty’s misguided green dream.
And check out the comments at the Post.
How much longer, Ontario?
Hudak: McGuinty tipping the scales to permanent deficits – Ontario PC Party