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Dalton McGuinty’s legacy of poor fiscal management

Charles Lammam and Milagros Palacios — Fraser Institute — January 24, 2013

McGuinty’s poor performance is rooted in his inability to restrain the growth in government spending.

At a recent political event, outgoing Ontario Premier Dalton McGuinty touted his legacy as leader of Ontario. “Our government hasn’t been perfect,” he said, “but when it comes to the big things that families count on us to get right — schools, health care, the environment, and the economy — we’ve gotten it right every time” (Sibley, 2012).

As is often the case, there’s a gap between rheto- ric and reality. That’s certainly the case when it comes to McGuinty’s claim about the economy. Since the McGuinty government assumed power in 2003, On- tario’s average annual economic growth rate has under-performed most provinces and the Canadian average — even in the period preceding the 2008 recession (Statistics Canada, 2011, 2012; calculations by the authors).1

But consider one policy area that McGuinty did not touch on in the quote above: fiscal policy. This is one of the “big things” the McGuinty government got terribly wrong.

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One Comment on “Dalton McGuinty’s legacy of poor fiscal management”

  1. Admin January 25, 2013 at 9:43 am #

    The Prevaricator Premier leaves the Province in better shape than it’s NEVER been.

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