Budget fall-out: Midnight sittings, asset sales and credit ratings

Heated debate the day after the provincial budget is tabled

The budget may have been tabled Monday, but it's still the talk of Queen's Park a day later.

Interim Tory leader Jim Wilson pressed the premier in Question Period on how she's going to pay down the deficit and deal with the province's debt.

Kathleen Wynne, however, pointed to fiscal news - credit agency DBRS kept Ontario's rating stable at AA (low) and R-1 (middle).

If multiple credit agencies decrease their ratings, the interest paid on the province's debt could increase. That means taxdollars usually used for services and programs would be put to the debt.

NDP leader Andrea Horwath is questioning why the Liberals want to have midnight sittings, debating the budget for hours on end. She says some MPPs have children and this doesn't lend itself to a family-friendly work environment.

However, Government House Leader Yasir Naqvi says it's the quickest way to get the budget passed.

Finance Minister Charles Sousa continues to be questioned on the sale of government assets. He says they are looking into all options to bring in money. He wouldn't get into specifics.

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  1. Business as usual posted on 07/15/2014 01:36 PM
    Wynne STILL can't provide a straight answer when asked how she plans to balance the budget and pay down the deficit. I'm starting to wonder if she even understands what those words mean, or if it's like asking a fish how he plans to climb a tree.
    1. dama posted on 07/15/2014 02:06 PM
      @Business as usual That's how politician answers question.. no specific . and get elected
      and when one gave you the specific, he lost the election and his leadership..
    2. Ernie posted on 07/15/2014 02:18 PM
      @dama Wynne kept saying yesterday on the Ryan Doyle show that "that is not our intention" whenever pressed on money and job losses, as opposed to no we wont do it.

      They know full well that they have to follow exactly what Hudac said in the election - they just don't intend on admitting it.

      Its called doing a Bob Rae!
    3. dama posted on 07/15/2014 02:24 PM
      @Ernie Ya, I listened to that interview with Ryan Doyle and I really don't expect Wynne to answer honestly.. ya,, she will look at ways to cut the cost without firing or through attrition of public servants..

      and I bet Tim Hudak is kicking his own arse now.. Ontarian will trust a liar more than someone that will give you the bad medicine.. .

    4. Frankie posted on 07/15/2014 03:20 PM
      @dama Shows how dumb and gullible Ontario voters are, re-electing a party that "stole", lied incessantly, and mismanaged billions of dollars.
  2. Nothing New posted on 07/15/2014 03:43 PM
    Surprise ! Surprise !

    dama, Ernie and Frankie are still replaying the election.
    The results won't change, ladies.
    The smart people spoke, the Cons lost and that, as they say, is that !

    Good luck finding a new leader who will be any better than the last excuse for one.
    The oxymorons of the year - "Competent Con" and "Conservative Thinker".
    1. Angry Bill posted on 07/15/2014 03:51 PM
      @Nothing New You're part right. The smart people spoke, the dumb people voted criminal fiberal anyway.

      I'll be peeing myself silly when the fools who voted fiberal find out what's really in store for them. I've already resigned myself to a smaller paycheque, and more government mismanagement and lies. But it hasn't sunk in yet for the poor fools who voted in this criminal party.
    2. Nothing New posted on 07/15/2014 04:02 PM
      @Angry Bill Since watching your personal pity party grow in your posts I've decided to listen to some music instead.

      What would you prefer ...
      "Ain't That A Shame"
      "It's My Party and I'll Cry if I Want To"
    3. Jim posted on 07/15/2014 04:42 PM
      @Nothing New Nothing new, if you can't say something intelligent, please say nothing at all.
    4. Nothing New posted on 07/15/2014 06:35 PM
      @Jim There are so many posts from whiny Cons on here that I'm surprised you clowns didn't win the recent election.

      Never mind - I just remembered that a large proportion of right wing Tea Party types are functionally illiterate and won't embarrass themselves by having to have poll officials mark the "X" for them.
    5. Logic posted on 07/15/2014 06:47 PM
      @Nothing New As opposed to the numerically illiterate Liberal voters, who apparently believe that wishing hard, ignoring the problem, and punishing businesses will create jobs and make the deficit disappear?
    6. Ernie posted on 07/15/2014 07:06 PM
      @Nothing New I have not yet begun to fight These faithful will galvanize and take control and bring the people of Ontario to a higher knowledge. By this time next year they will all wish they never went to the voting station a month ago.
    7. Nothing New posted on 07/15/2014 07:07 PM
      @Logic " ... the numerically illiterate Liberal voters ..."

      If that weren't so obviously funny, it would be tragic.

      Numeric illiteracy was solely owned by Tea Party Tim and his under-educated followers as you tried to make sense out of how cutting 100,000 jobs would lead to the creation of 1,000,000 new jobs.- (and that from a man who claims to have a degree in Economics no less, plus a ragtag band of blind, under-educated followers who claimed they knew how to govern effectively and balance the books).

      WOW !!
      'Nuff said.

    8. Nothing New posted on 07/15/2014 07:11 PM
      @Ernie And, as is your norm, you have chosen to engage in a battle of wits while totally unarmed.

      You will achieve the same results as that poor excuse of a political party on which you wasted your vote.
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