Ontario Federation of Labour

Ontario Federation of Labour

May 11, 2005 16:59 ET


Attention: Assignment Editor, Media Editor, News Editor, Government/Political Affairs Editor TORONTO--(CCNMatthews - May 11, 2005) - "Today's Ontario budget has used a classic approach to all the province's economic problems," said OFL president Wayne Samuelson. "The McGuinty Liberals have decided to throw money at the problem. The trouble is - it's taxpayers' money and it's going to line the pockets of Bay Street profiteers - not investing money for the services that people need.

Instead of keeping his promise not to invest in Public Private Partnerships (P3s) the McGuinty government has embraced the Eves/Harris approach to public investment.

"The elusive benefit of turning our public services over to the P3s model will cost Ontario citizens dearly," Samuelson said. "Why would the provincial government set out to borrow billions of dollars from corporations when they can borrow directly for half the cost. Why the middleman? Why bring in the profiteers?

"Minister of Public Infrastructure Renewal, David Kaplan, has stated that Ontario needs $100 billion put into its infrastructure, the government has committed to only $30 billion over five years. Why would McGuinty then give a chunk of this money to Bay Street profiteers?" Samuelson asked.

"Why not use every available cent to reform pensions, invest in child care, education, health care, cities and towns?"

cope343 /For further information: Dana Boettger
Communications Director

Contact Information

  • Wayne Samuelson, OFL President
    Primary Phone: 416-571-7408