mackaycartoons

Graeme MacKay's Editorial Cartoon Archive

  • Archives
  • Kings & Queens
  • Prime Ministers
  • Sharing
  • Special Features
  • The Boutique
  • Who?
  • Young Doug Ford
  • Presidents

dancers

Tuesday February 14, 2012

February 14, 2012 by Graeme MacKay

By Graeme MacKay, The Hamilton Spectator, Tuesday February 14, 2012

How Ontario’s ‘stimulus’ spending led to disaster

The fiscal mess in Ontario is now common knowledge across the country, thanks in part to a sensational report from the Conference Board of Canada demonstrating that unless the government slashes spending and/or raises taxes, health care and education will have to be decimated. The report was no surprise to people who tracked Premier Dalton McGuinty’s march into Keynesian fiscal stimulus spending.

If we can’t expect politicians to take the blame for following the Keynesian deficit-spending policies advocated by their economic advisors, shouldn’t we turn to the economic experts to get them to explain themselves? The same people who supported and advised the McGuinty Liberals — and the Obama Democrats, the Greek and Portuguese politicians, the French and Canadian governments — to run up spending to rescue the economy will spend the next decade telling governments how to get out of the mess they helped create.

Ontario’s current circumstances create a perfect opportunity to confront the economic establishment and lay blame for the fiscal disaster that is Ontario. Government spending has been soaring for years. It all looks good if growth rates stay strong. Where were the dire economic warnings through the last decade that the expansion in government activity cannot continue without hitting a wall?

A table on Ontario’s spending habits (above) captures the disconnect between the government and the people. While the personal income of the people dragged at 26% growth, government spending soared more than 60%.

On Wednesday, former TD Bank economist Don Drummond will deliver a set of tax and spending options to the McGuinty government, a road map on how the province can resolve its fiscal problems. (Source: Financial Post) 

 

Posted in: Ontario Tagged: accountant, austerity, dancers, Don Drummond, Greece, Greek, Ontario, Opa, party, pooper, stimulus, tragedy

Click on dates to expand

Please note…

This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

Social Media Connections

Link to our Facebook Page
Link to our Flickr Page
Link to our Pinterest Page
Link to our Twitter Page
Link to our Website Page
  • HOME
  • Sharing
  • The Boutique
  • The Hamilton Spectator
  • Artizans Syndicate
  • Association of Canadian Cartoonists
  • Wes Tyrell
  • Martin Rowson
  • Guy Bado’s Blog
  • You Might be From Hamilton if…
  • MacKay’s Most Viral Cartoon
  • Intellectual Property Thief Donkeys
  • National Newswatch
  • Young Doug Ford

Your one-stop-MacKay-shop…

T-shirts, hoodies, clocks, duvet covers, mugs, stickers, notebooks, smart phone cases and scarfs

Brand New Designs!

Follow me on Twitter

My Tweets
Follow Graeme's board My Own Cartoon Favourites on Pinterest.

MacKay’s Virtual Gallery

Archives

Copyright © 2016 mackaycartoons.net

Powered by Wordpess and Alpha.

 

Loading Comments...