TORONTO - Kathleen Wynne’s Liberal government is flouting accounting rules and taking on an unnecessary $4 billion in extra borrowing costs — to be applied to future electricity bills — to keep the true cost of its Fair Hydro Plan buried, Ontario Auditor General Bonnie Lysyk says.It's not too late to reverse this irresponsible chicanery...
While the Liberals tried to minimize the conflict as a mere accounting dispute, Lysyk said what was at stake was far more important as the financing manoeuvre allows the government to write its own budget bottom line.
The provincial government’s method of accounting, a first in Canada for any government, is not yet carved in stone and the $4 billion can be saved, Lysyk said.If not, your kids and grandkids will pay for this in perpetuity.
“This is wrong. There’s still time to fix it.”
MEANWHILE, BACK AT THE GAS PLANT:
As he once told Livingston, “The only organization that didn’t keep any records was a criminal organization.” Peter Wallace may be a slight, short man, but he has the biggest nuts in the courtroom.