A Canadian Says “Short Canada”
Posted by obront on November 9, 2009
As an example of this ludicrous spending, Ontario, despite the record deficit, just passed all day kindergarten. The program, a concoction of the teacher’s union, insisted that the all day program shall be taught by university educated teachers. These teachers can earn almost $100,000 per year. The program is expected to serve up to 100,000 students and cost $1.5 billion per year. That’s $15,000 per year per child to receive an additional half day of kindergarten class.
Between our federal and provincial governments we will run deficits well over 100 billion. On a per capita basis, that is the equivalent of the US running a trillion dollar deficit. This is the fastest and most significant meltdown of our national finances in a single year in history. Last year almost everything was operating in surplus.
via Mish’s Global Economic Trend Analysis: A Canadian Says “Short Canada”.
