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When the Liberals took power in 2003, Ontarioâ??s total debt was $138.8 billion and its key debt-to-GDP ratio a healthy 27.5%.
Early next year, Ontarioâ??s total debt will hit almost $300 billion, a 116% increase, with an alarming 40% debt-to-GDP ratio.
The Liberals plan to balance the budget in 2017-18 by selling off provincial assets such as 60% of Hydro One, a practice known as burning the furniture to pay the mortgage, which stops working when you run out of furniture.
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