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| Affiliation | Libertarian |
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| Name | Andrew Delis |
| Address |
, Ontario , Canada |
| Email | None |
| Website | None |
| Born |
Unknown |
| Died |
Still Living
(2025 years) |
| Contributor | RBH |
| Last Modifed | RBH
Sep 24, 2011 02:16pm |
| Tags |
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| Info | Age: 21
Occupation: University student
Lived all my life in Ajax-pickering
Why Are You Running?:
To have a philosophical change to government. A limited government that protects the rights, freedoms and civil liberties of individuals.
Your Top Issue:
Government Spending
Issue Details:
Government spending is out of control to say the least. Not only from a current year fiscal's standpoint, but from a generational one. The total debt obligations of Ontario as of 2011 exceed a quarter of a trillion dollars, an amount that at some point has to be repaid, with interest. As jobs continue to disappear and tax revenues shrink from lower employment, some believe further and higher taxation is necessary in order raise revenues to fund continued deficits, which is not only immoral by continuing to transfer wealth and money from one segment of society to another, but would facilitate even further unneeded spending. What needs to be done is to cut taxes dramatically across the board in order to grow the tax base which in the longer run would increase revenues as a bigger pool of money is available with much lower taxes. It is not enough to have minor cuts 5-10 years from now, but current expenditures need to be slashed substantially. Entire programs and departments needs to be abolished. Embracing free market principles has led Canada and many other countries to attain wealth and high standards of living by allowing private individuals in the marketplace to pursue their own interests and in doing so allocate capital in a way that formulates strong economic growth, jobs, and very high standard of living. Ontario for a long time has got away with out of control spending by relying on a high credit rating to borrow money to fund programs and promises it cannot keep. As the debt continues to mount, a major debt crisis will emerge as global investors who fear an Ontario default will demand higher interest rates of government bonds they buy which in turn will raise interest payments of the provincial debt, forcing Ontario to spend a gigantic amount of the entire year's budget just on repayment of interest. Ontario is economically in the same category as California and Illinois among others, in which eventually the province will have to bailed out by the Federal government which only compounds our problems on a nationwide level, leading to more debt, taxes and massive inflation. What debt and financial problems Greece has in the Euro zone, Ontario will eventually be in the Dominion of Canada, and the riots and chaos we see in Toronto in the future will be similar to that in Athens today.
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