17 April 2013

A hundred million here...

...a hundred million there... pretty soon you're talkin' serious pesos...more liberal lunacyThe liberal Party of Ontario does it again...

Auditor general Jim McCarter, in a special report released Monday, said the biggest hit was the $149.6 million that taxpayers had to reimburse a U.S. hedge fund which loaned money to the builder at an interest rate of 14%.

McCarter's auditors concluded that the total cost of relocating the plant to the Sarnia area will be $351 million which will be offset by $76 million in savings, in part, by sparing taxpayers the tab for electricity that would not have been needed anyway.
No biggie, if you have an inflated government salary and a goldplated civil service pension, I suppose... and there's more coming...
Tory and NDP MPPs are now demanding the government update the $40-million cost publicly announced for the cancellation in 2010 of a much larger gas plant planned for Oakville.
I don't know what makes me angrier, the constant ineptitude, or the lying about it after the fact.

Well, don't blame me, I didn't vote for them.


4 comments:

Anonymous said...

Do you know that the PCs and NDP also promised to stop the gas plant construction? We'd be paying for this regardless of what party was in power right now (unless someone broke their election promise). Obviously people can point to the fact that it was approved under the Libs watch, but it is still kind of hypocritical for both the PCs and NDP to whine about the cancellation costs and closing the plants for political purposes when they promised the same thing.

Neo Conservative said...

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lemme see. we're (the taxpayer) on the hook for almost 300 million dollars. that suggests someone didn't do their due diligence beforehand.

who was the party in power?

the liberals.

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Anonymous said...

wow. that is all i can say. 14% on your money. that sure is alot better than the approx 2% i get at the bank.

Neo Conservative said...

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"anon says... sure is alot better than the approx 2% i get"

funny how that works, huh?

sorta like premier kathleen wynne's 'wife being an executive headhunter for... wait for it... the ontario government.

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