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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. 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. 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.
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