More lies and deception from the Wynne Liberals.
Kathleen Wynne and the Ontario Liberal government have been caught in yet another lie.
A new report from the Auditor General of Ontario on the Wynne government’s pre-election budget reveals that the budget deficit will be far higher than the government claimed.
Here are some key parts of the report:
“We concluded that the Pre-Election Report is not a reasonable presentation of Ontario’s finances insofar as its expense estimates are understated for two items (outlined in the bullets below), resulting in understated annual deficits. After adjusting for these items, the annual deficit would be $11.7 billion for 2018/19 (or 75% more than the reported $6.7 billion), $12.2 billion for 2019/20 (or 85% more than the reported $6.6 billion) and $12.5 billion for 2020/21 (or 92% more than the reported $6.5 billion).”
The two understated expense items are:
The government did not properly record the true financial impact of the Fair Hydro Plan’s electricity rate reduction in the Pre-Election Report.
The government recorded pension revenue from the Ontario Teachers’ Pension Plan and insufficient pension expense from the Ontario Public Service Employees’ Union Pension Plan, both of which reduce the overall pension expense. It should not have done this because it does not have the unilateral legal right to reduce its future contributions to these plans or to withdraw any surplus from these plans without first reaching a formal agreement with the plans’ other joint sponsors.”
If a private business so massively ‘cooked the books’ or misreported their finances, it could become a criminal matter. Yet, in this case justice will have to come through the ballot box.
Kathleen Wynne tried to push a big spending budget to win votes, and then tried to deceive the people about how much that budget – and it’s subsequent impact – would add to the deficit. That alone should be reason enough for Wynne to lose the next election, and that’s not even accounting for the accumulation of scandals and contempt for taxpayers shown by the Wynne Liberals.
Enough is enough.
Photo – YouTube