Hy­dro cost story de­served front page

The Hamilton Spectator - - OPINION -

RE: Lib­eral Hy­dro plan to cost $45B: Bud­get watch­dog

On­tario’s fi­nan­cial ac­count­abil­ity of­fi­cer re­ports that the Lib­eral plan to lower hy­dro rates will cost the gov­ern­ment (read tax­payer) a whop­ping $45 bil­lion to save $24 bil­lion on our monthly hy­dro bills over the life of the plan and that the $45 bil­lion as­sumes a bal­anced pro­vin­cial bud­get for the next 30 years.

Con­sid­er­ing they have only achieved this once in their cur­rent man­date (aided by sell­ing off part of Hy­dro to the pub­lic sec­tor) they will need to find many more pub­lic as­sets to sell off if they are to achieve a re­peat performance ev­ery year for the next 30 years be­cause if they have to bor­row to fund the promised re­duc­tion (which they no doubt will have to) the fi­nal tally could reach a stag­ger­ing $93 bil­lion.

These mind blow­ing statis­tics all stem from the mess mainly cre­ated by the Lib­eral’s green en­ergy boon­dog­gle.

To add in­sult to in­jury the Lib­er­als are hop­ing that by elec­tion time in 2018 the On­tario elec­torate will be so grate­ful for the monthly hy­dro bill re­prieve that they will have for­got­ten it was they who cre­ated the prob­lem and that our chil­dren and grand­chil­dren will be sad­dled with mas­sive debt for years to come.

I found it dis­ap­point­ing that this im­por­tant ar­ti­cle was buried on page A12 of the Spec­ta­tor in­stead of be­ing plas­tered across the front page where in­for­ma­tion as se­ri­ous as this should have ap­peared. Les Far­ring­ton, An­caster

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