Fraser Institute likens Ontario to Greece, California as debt climbs

The Fraser Institute report, however, argues that from a debt perspective California is in much better shape than Ontario. It says the province “is in a worse position than California on every measure of indebtedness.” Using 2010-11 figures for bonded debt, the report says Ontario had almost $240-billion compared with $144-billion for California, even though the latter has a much larger economy and population. Once the population is factored in, California’s per capita bonded debt of $3,833 is about a fifth of Ontario’s ($17,922).

via Fraser Institute likens Ontario to Greece, California as debt climbs | Canada | News | National Post.

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