The Ontario Liberals have built a financial structure so perilous it could easily be tipped into crisis by forces outside any Canadian’s control, with painful consequences to the very programs people most value. The Liberals may eventually pay the price in terms of voter anger, but Ontarians will be paying, and paying heavily, long after that. Interest on the debt, at almost $1 billion a month, is the third highest expense in the budget. Even price hikes for cigarettes, a favourite of finance ministers in need of additional taxes, trail the relentless increase in Ontarians’ power bills. It can only increase as the debt grows, along with the cost of repaying lenders.

Source: National Post July 27, 2016 12:44 UTC