Comment 40039

By A Smith (anonymous) | Posted April 21, 2010 at 23:03:49

z jones, what's also a variable cost is how much the government spends on freebies, like health, education, welfare and pensions. Since 2002, Ontario government expenditures on goods and services has increased from $92.8B to $118B (2002 dollars), or 3.48% a year. In that same period of time, Ontario's GDP has gone from $477.7B to $514.3B (2002 dollars), or 1.07% per year.

So while Ontario's economy was lavishing the public with freebies, things that lefties claim help the economy grow, the result was economic stagnation.

In contrast, from 1995 to 2002, government spending on goods and services went from $80.9B to $92.8B, or 1.9% per year. Did this slower rate of government spending on free health and education hurt the economy? Well, let's see what the numbers tell us. From 1995 to 2002, GDP went from $360.7B to $477.7B (2002 dollars), or 4.1% per year.

Contrary to what lefties like to think, free health and education do not help the economy grow, they impede it. Whereas businesses compete and therefore innovate, government health and education are monopolies. That is what Ontario's economy has become since Dalton McGuinty took over, less competitive and more focused on propping up government employees.

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