Where can I get a return like that?
Ontario now has a $300-billion debt and is paying $21 billion a year in interest. Do the arithmetic. That’s seven per cent.
Will somebody please tell me where I buy some of that debt and get a seven per cent return? Last time I checked my bank was offering a tenth of that. If Ontario were indebted at market rates we’d be paying just $2.1 in annual interest and paying down the debt by almost $19 billion annually, further growing Charles Sousa’s “growing economy.”
And will somebody please track down the bureaucratic financial genius who set that up and make sure they never have a public service job again? Drew A. Bednar, Ancaster