shockedcanadian
Diamond Member
- Aug 6, 2012
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This is an old article but it sums it up. Ontario is broke. It is FAR worse now. $358B or $24.5k per citizen.
Canada won't thrive by rewarding so handsomely the least impressive among us, while we lose our best talent.
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https://www.debtclock.ca/provincial-debtclocks/ontario/ontario-s-debt/
On every measure of indebtedness, Ontario is markedly worse than California. Ontarios debt is almost two-thirds larger than Californias bonded debt even though California is a much larger jurisdiction in terms of both the size of its economy and its population. Specifically, Californias bonded debt is $143.9 billion as of 2011 while Ontarios is $236.6 billion, two-thirds larger than California.
As a share of the economy, Ontarios debt (38.6 per cent) is more than five times larger than Californias debt (7.7 per cent). Ontarios per capita debt ($17,922) is over four-and-a-half times that of California ($3,833). Think about that Ontarians are handing their children a debt load between four-and-a-half and five times that of Californians.
Canada won't thrive by rewarding so handsomely the least impressive among us, while we lose our best talent.
You are being redirected...
https://www.debtclock.ca/provincial-debtclocks/ontario/ontario-s-debt/
On every measure of indebtedness, Ontario is markedly worse than California. Ontarios debt is almost two-thirds larger than Californias bonded debt even though California is a much larger jurisdiction in terms of both the size of its economy and its population. Specifically, Californias bonded debt is $143.9 billion as of 2011 while Ontarios is $236.6 billion, two-thirds larger than California.
As a share of the economy, Ontarios debt (38.6 per cent) is more than five times larger than Californias debt (7.7 per cent). Ontarios per capita debt ($17,922) is over four-and-a-half times that of California ($3,833). Think about that Ontarians are handing their children a debt load between four-and-a-half and five times that of Californians.