I came across this article on the Ontario debt. With the head line.
With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower
The article is about 6 months old.
I'm not starting this thread to bash the liberal government, though I don't like them. I want to know if it is true. Is Ontario really most indebted sub-sovereign borrower? If so, isn't this really, really bad? I'm from Nova Scotia, where I think things are really, really bad. Alberta is looking pretty bad right now. But I was really shocked at the level of debt in Ontario.
Anyway, anyone have any thoughts? How will this play out?
With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower
The article is about 6 months old.
I'm not starting this thread to bash the liberal government, though I don't like them. I want to know if it is true. Is Ontario really most indebted sub-sovereign borrower? If so, isn't this really, really bad? I'm from Nova Scotia, where I think things are really, really bad. Alberta is looking pretty bad right now. But I was really shocked at the level of debt in Ontario.
Anyway, anyone have any thoughts? How will this play out?
via International Skeptics Forum http://ift.tt/1JqMa3w
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