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Originally Posted by Bcasey25raptor
So, what will happen if Ford pulls off a Victory on june 7th? Will the doom and gloom many of you predict come true or will it be business as usual?
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A Ford government won't be doom and gloom in the short term. He'll probably implement most of the his tax cuts and continue spending with significant deficits over the course of his mandate. His tenure will probably be not unlike Trump's in the sense that there will be lots of 'outrage' and scandal with little-to-no focus on long-term problems.
The long-term problem will be 10-30 years down the road when healthcare costs spiral upwards due to the baby boomers imposing costs on the healthcare system. The fiscal room of Ontario to maneuver will likely be much more constrained at that juncture, especially if interest rates are much higher.
In a way, it is not unlike the position the United States finds itself in. A 15 year debt-fueled spending and tax cut spree has pushed their debt to very high levels. In addition, the US Federal Government now finds itself committed to very large mandatory spending (Social Security, Medicare) that is guaranteed by law and will rise considerably in the future. Yet, they still insist on cutting taxes and spending more.
Ultimately, the party will end somehow. The question is how big the hangover will be.
As for myself, well, I'll just keep saving for that rainy day and keeping my skills up so that should I need to bail out of the province, I'll end up alright personally. It might be selfish, but it is all I can do.