Canadian mythology: Bob Rae, NDP and socialists to blame for Ontario’s deficit.

One of Canada’s enduring mythologies is that during the NDP reign in Ontario from 1990 to 1995 a whole plethora of woe was inflicted as the result of Bob Rae and his mismanagement. Most people point to the fact that during that time the deficit of Ontario increased quite a bit – this is true.

A common article for the Toronto Sun outlines this:

Rae tripled Ontario’s deficit to $9.7 billion and raised taxes in his first budget in 1991, saying he was proud to fight the recession rather than the deficit.

 But, to be fair, Rae was facing (Read more…)