Math of Lib­er­als, NDP makes no sense

The Expositor (Brantford) - - NEWS -

What to make of the po­lit­i­cal spat be­tween Kath­leen Wynne and An­drea Hor­wath over whose math is worse? Premier Wynne is sug­gest­ing the NDP leader’s cam­paign plat­form doesn’t add up and that Hor­wath made a $3 bil­lion “mis­take” while cal­cu­lat­ing the cost of her elec­tion prom­ises.

This took some gump­tion, given two in­de­pen­dent pro­vin­cial watch­dogs re­cently is­sued scathing re­ports re­veal­ing Wynne’s Lib­eral gov­ern­ment has fudged the prov­ince’s books by more than twice that amount. Hor­wath was quick say as much. “Wynne’s pa­thetic at­tempt to dis­credit the NDP only re­minds On­tar­i­ans how badly they’ve been let down by her,” she said.

The premier in turn stuck by her num­bers and char­ac­ter­ized her dis­pute with On­tario’s au­di­tor and the Fi­nan­cial Ac­count­abil­ity Of­fi­cer as an “ac­count­ing dis­pute.”

From where we sit, nei­ther our Lib­eral premier nor the prov­ince’s NDP leader ap­pears par­tic­u­larly good at ac­count­ing.

Both are of­fer­ing sim­i­larly reck­less plans to bor­row money, hike taxes, in­crease spend­ing by bil­lions and run deficits for years to pay for prom­ises they hope will help get them elected.

Hor­wath has promised to cut hy­dro rates 30 per cent, to turn all stu­dent debt into grants, free day­care, free phar­ma­care, free den­tal cov­er­age and to buy back Hy­dro One.

Wynne is promised to cut hy­dro rates 25 per cent, to pro­vide free post-sec­ondary ed­u­ca­tion, free day­care, free pre­scrip­tion drugs for youth and se­niors, free den­tal for fam­i­lies with­out ben­e­fits.

Both are propos­ing to bor­row bil­lions they don’t have over the next sev­eral years and pass that debt onto future gen­er­a­tions to pay for cam­paign prom­ises.

The NDP is pro­ject­ing bil­lion-dol­lar deficits un­til 2023 and per­haps be­yond, the Lib­er­als un­til 2025.

That poses a ma­jor math prob­lem for the NDP and their ide­o­log­i­cal cousins the Lib­er­als.

Gov­ern­ments, like peo­ple, can’t live for­ever on a credit card.

On­tario’s Fi­nan­cial Ac­count­abil­ity Of­fi­cer said as much in a re­cent re­port, not­ing the Lib­er­als will need to slash spend­ing by eight per cent or $15 bil­lion to ad­dress the grow­ing gap be­tween gov­ern­ment in­come and spend­ing to bal­ance the prov­ince’s books by 2025.

The NDP, with sim­i­larly un­sus­tain­able deficit spend­ing plans and rev­enue con­straints, will be in a sim­i­lar boat.

Both par­ties have lav­ish elec­tion spend­ing plans. Nei­ther has a plan that adds up.

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