Who is On­tario pay­ing in­ter­est to?

The Hamilton Spectator - - OPINION -

RE: Pro­vin­cial debt

So here’s a scary thought. Don­ald Trump says his cur­rent net worth is more than $10 bil­lion. If you take his hun­dreds of Trump prop­er­ties, his sky­scrapers, his ho­tels, his man­sions, his shop­ping plazas not only in New York but around the world, in In­dia, Bali, the Philip­pines, and the golf clubs from Scot­land to Dubai, not to men­tion his winer­ies, his iconic skat­ing rinks in Cen­tral Park and his Boe­ing 757, his Cessna Ci­ta­tion X and his three heli­copters and, if you add in the $213,606,575 he made dur­ing his 14 sea­sons of his “cheesy” TV Celebrity Ap­pren­tice show (which is now be­ing broad­cast around the world) — if you took all of his busi­ness achieve­ments, the U.S. pres­i­dent still wouldn’t have enough money to pay the monthly bil­lion-dol­lar in­ter­est on the debt that our On­tario Lib­eral gov­ern­ment (sorry, we the tax­pay­ers) owe for the rest of 2017.

Sec­ond scary thought: Who is the On­tario gov­ern­ment pay­ing the in­ter­est on the debt to? Hope­fully, Kevin O’Leary could en­lighten me. Does the monthly bil­lion dol­lars get paid into Cana­dian in­vest­ment banks, or U.S. banks or Rus­sian banks, or could Trump pos­si­bly be cor­rect when he sug­gested the in­ter­est on the Amer­i­can debt is go­ing to re­build parts of China?

This is just one tax­payer ask­ing. Mar­ion Fraser, Mill­grove

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