You are not logged in.

#1 2011-02-28 08:10:47

Steel
Member
Registered: 2008-02-16
Posts: 2521

Local Candidates

The Stratford Lions Club has arranged for a dinner and chat with the local candidates. The venue makes for a small exclusive group of approximately 45 people. The candidates will address the group and then there will be a Q&A following.

Unlike political party organized events where only pre-screened written questions are used; this will allow live one on one with direct questions or comments, and a response from the candidate.

Contact the Lions club if you are interested in a ticket.

http://www.stratfordlions.ca/

Randy Pettapiece April 7th

John Wilkinson April 21st

Apparently they are still trying to contact the NDP candidate

Offline

 

#2 2011-02-28 11:48:37

spankie
Member
Registered: 2008-01-01
Posts: 1350

Re: Local Candidates

For gods sake vote anything but the spend alot, tax alot Liberals.

Offline

 

#3 2011-04-24 10:25:45

Steel
Member
Registered: 2008-02-16
Posts: 2521

Re: Local Candidates

John Wilinson spoke and answered questions last Thursday. We will have Randy on May 4th (it was rescheduled due to a conflict on the Lions Club part)

Please realize I am not a fan of either John or the current provincial government.

One of the things that stood out was the whole Corporate tax rate thing. The Provincial Liberals have no use for Iggy's idea to raise them again. John even praised Harper for the drive to lower them to 15% federal and 10% provincial across the country. All Provinces are on board by the way...except of course Quebec. They see them, and rightly so, as a competitive edge the province and country has in attracting and also keeping business here, creating jobs and investment. 93% of all jobs lost in Ontario during the recession have been recovered (thats a openly known fact). What I suspected but didn't know the number on was the US.... only 17%. He also praised federal/provincial plan to do the stimulous the way it was done.  He also noted high degree of cooperation and specifically noted Harper, on the Auto bail out between the Fed's and Ontario.

The end result and somewhat a point blank question that said "you seem to be at odds with your federal Liberal counterparts"......he hesitated breifly and then the answer was a simple "Yes we are".

We will see how Randy does, but John is going to be hard to unseat. He is a smooth talker, knows his bullet points and can be very engaging. Will the liberals return the power?....I doubt it.....but John may well keep his seat.

Offline

 

#4 2011-05-10 08:35:05

Steel
Member
Registered: 2008-02-16
Posts: 2521

Re: Local Candidates

Randy Pettepeice spoke on May 4th at the Stratford Lions Club.

I will continue to remind those that read this that I am no fan of John Wilkinson and the chance to see, listen and talk to Pettepiece was one I looked forward to.

I am not sure what I expected, but what I got was underwhelming. Don't get me wrong, I think Randy is a nice guy; He is cordial, home spun and sincere. However Randy is not up on his campagin notes and unaware of a lot of the issues, especially ones in Stratford.

When asked the same question regarding GO Transit that was asked of Wilkinson, he was completely flat footed. He knew absolutely nothing of the issue and frankly appeared not to really know what GO was. He kept trying to link it to VIA and as we all know the two have nothing to do with one another.

Randy is very soft spoken, so soft infact it is difficult to hear him even in a small gathering. His speaking style is not fluid and comes off as "canned". His speech was a page from the Tory play book.

Unfortunately I beleive Randy is not going to be the guy who unseats Wilkinson. He is just not a match and is out of his depth. Stranger things have happened of course and between now and election day lots can change, however Randy will need lots of luck and good fortunate to beat Wilkinson.

Offline

 

#5 2011-06-15 06:03:49

bulldog
Member
Registered: 2008-03-05
Posts: 665

Re: Local Candidates

i have heard local progressive conservative candidates say that the debt by the old ontario hydro has been paid off for quite a while and they will take it off the hydro bill  where the liberals including john wilkensen say the debt is not paid off so it will remain on the hydro bill.....

my question is who is telling the truth????????????

most people know when there mortgage or car loan is paid off so why do politicians have such difficulty with accurate facts??????????

Offline

 

#6 2011-06-15 07:43:21

Jones
Member
Registered: 2008-01-24
Posts: 70

Re: Local Candidates

Bully - great question.......  here is what I found

MARK BLINCH/REUTERS

By Martin Regg Cohn
Queen's Park Columnist
Campaign platforms are built on tall tales, and all parties play political games at election time.

The Tories released their platform last month, the NDP will do its “vision” thing later this month, and the Liberals had planned an August launch (though campaign strategists meeting later Tuesday are debating a July unveiling).

But it’s rare to see a serious politician play a shell game quite as blatantly as Progressive Conservative Leader Tim Hudak. He persists in promising Ontarians that he’ll provide relief on their hydro bills by sparing them any more debt payments.

What Hudak doesn’t admit is that he’s not a magician. He can’t wish away the debt left over by the old Ontario Hydro when a previous Tory government dismembered the provincially owned utility in the late 1990s.

In a recent column, I deconstructed Hudak’s campaign promise to eliminate the controversial Debt Retirement Charge (DRC) from monthly hydro bills. I won’t repeat all the dreary details here, but the column generated some static electricity — and credibility questions that Hudak still can’t shake (j.mp/Tstar-DRC).

In 1999, when the Harris government was trying to privatize Ontario Hydro, it had to unburden it of a $21 billion debt load (guaranteed by the province). The Tories called it the Stranded Debt, to be serviced by the future earnings and taxation stream of Hydro’s successor companies.

But that future cash flow still didn’t cover the unfunded liability. To make up the shortfall, the Tory government of the day dreamed up a novel name for that leftover debt, or residue: the Residual Stranded Debt.

Hudak’s new spin is to claim the debt has magically been paid off: It was set at $7.8 billion by the Tories in 1999, and the Liberal government had collected almost precisely that amount by last year. But as any homeowner with a mortgage knows, debts must be serviced. You can’t simply repay the principal to your bank a decade later and claim it was interest-free all along.

In fact, the Tories acknowledge that the residual stranded debt still exists. They just claim that the Liberal government has been diverting the DRC on your hydro bill for other purposes (though the provincial auditor general has found no evidence of this).

Now, the political games: Hudak said he’d remove the DRC for residential ratepayers, at a cost of $400 million. His office later clarified that farmers and small businesses would also get relief (and reduced the total estimate, remarkably, to $360 million). In fact, a confidential cabinet document prepared last fall more accurately pegs the cost at $500 million.

But here’s an obvious question Hudak still hasn’t answered: If he believes the DRC is a rip-off, why is he going to keep collecting it from the large corporations that are also hydro ratepayers?

The Tory leader claimed last week that he’d force electrical utilities to make up the difference. But he still intends to bleed other corporate ratepayers for the supposedly unjust and unjustified DRC. Corporations would inevitably demand the same relief that Hudak is giving voters in his platform.

Here’s why he won’t do it: First, it would cost an additional $500 million, according to the cabinet document, to completely eliminate the DRC from companies, which is more than Hudak is bargaining on.

Second, corporations don’t vote. And for a party leader trying to maximize his vote count per campaign promise, that’s a poor return on the political capital he’d have to invest.

Hudak is selling voters a bill of goods on their hydro bills by pretending he can cover up a $500 million hole he is digging — $1 billion if he extends it (as he logically should) to all ratepayers.

He can’t make debt disappear with rich rhetoric. Instead of ratepayers, taxpayers will make up the difference. It doesn’t add up, and Hudak should stop pretending it does.


Here was the original article:



By Martin Regg Cohn
Queen's Park Columnist
Here’s a hot issue that Tim Hudak thinks will bring down the Ontario government: Higher hydro bills.

And here’s the Tory leader’s bizarre pitch to bring those bills down: Stop collecting for our hydro debt, by brazenly declaring it paid in full — even though it’s still there.

Ignoring our debts is a strange notion coming from Ontario’s once-proud Progressive Conservatives. But Hudak has calculated that by profiting from voter frustration, and banking on voter folly, he can cash in on voting day, Oct. 6.

His plan is a scam — a classic tale of buying votes with taxpayers’ money. And a parable of how elections are won in an era of short attention spans.

A warning to readers: The PCs are counting on you tuning out the details.

So test yourself: You can read on — and see how the Tories toy with you. Or stop here — and prove the PCs are right that people won’t follow the fine print.

Look at your hydro bill. You may have noticed a monthly “Debt Retirement Charge” (DRC) that averages $5.60 per household. Hudak promised last month to eliminate it from residential bills — saving ratepayers about $76 a year after taxes. What’s remarkable about the Tory strategy is that the DRC monster they now pledge to kill off is a Frankenstein of their own creation — dreamed up by the old Mike Harris PC government in 1999.

The Harris Tories wanted to privatize Ontario Hydro, but had to off-load its old debt of $21 billion. They conjured up a Byzantine road map for repayment: Its successor companies (OPG for power generation, and Hydro One for transmission lines) would allocate all their future revenue and tax streams to help pay down that debt. Unfortunately, all that projected cash flow — estimated at $13 billion — still wouldn’t cover off the massive debt payments, leaving a yawning gap.

So the Harris Tories came up with an even more exotic financial concept, virtually unheard of at the time: the “Residual (leftover) Stranded Debt.” Sounds like a complex accounting concept, but it was really a financial fig leaf for a pile of unsustainable debt to be backstopped by hydro ratepayers (customers). This portion — the (leftover) unfunded liability — came to $7.8 billion, which is now supported by the DRC on your monthly bill.

As their Hydro privatization plans went awry and deregulation created chaos, the PCs panicked — freezing electricity rates and allowing the hydro debt to soar. When the electricity sector became politically toxic for the Tories, they lost power in 2003. The incoming Liberals started paying down the inherited debt, which slowly declined but is far from paid off. Now, the Tories hope to regain power by promising to drop the DRC from your bill — delaying the day of reckoning as they did in the past. History is about to repeat itself.

Why walk away from the DRC? Remarkably, the Hudak Tories keep claiming the Residual Stranded Debt has been paid off. As proof, they make this breathtaking assertion: At last count, the government had collected $7.8 billion from the DRC — which roughly matches the amount of the Residual Stranded Debt when the Tories concocted it in 1999. That must mean the debt has been paid off, right?

But as any homeowner can attest, there’s no such thing as an interest-free debt (or mortgage) that allows you to pay off only the principal. Ask your friendly bank manager. Any debt has to be serviced. Yet the Hudak Tories persist with the fairy tale that a $7.8 billion debt can be paid off a decade later with precisely $7.8 billion. Last year, Ontario paid a whopping $1.6 billion in interest alone merely to service the overall stranded debt (which has declined to $14.8 billion since 1999).

The financial fiction goes further. The Residual Stranded Debt dreamed up by the Tories was never a fixed amount; there is no lender who holds a separate Residual Ontario Bond. It’s only an accounting concept. Whenever there’s a shortfall in the cash flow from the (unpredictable) future revenues of OPG and Hydro One, ordinary ratepayers must plug the ever-changing gap. The Residual Stranded Debt is a residue that keeps changing. It’s a moving target that will only be eliminated when (projected) hydro cash flow is high enough to cover the rest of the debt down the road — and not before. You can thank the Harris Tories for devising this bizarre black box — it’s the gift that keeps on giving, or more precisely, the debt that keeps on debiting.

That’s why civil servants — the non-partisan stewards of the stranded debt — keep pushing back their projections for when it will be paid off. The Tories claim it’s all scandalously manipulative. Provincial Auditor General Jim McCarter, who operates at arm’s length from the government, has examined the books and found nothing wrong. Unsatisfied with his impartial audit, Hudak has taken the unusual step of calling for an “independent forensic audit.” McCarter chuckled when I asked why Hudak doesn’t trust him to do the job of auditing the stranded debt. If Hudak becomes premier, all he has to do is ask him to conduct another audit, McCarter countered. But he remains highly skeptical of Tory allegations that the government is diverting DRC revenue rather than paying down debt.

Hudak is sticking to his fanciful story, which he retold to the Chamber of Commerce last week: “The (DRC) charge was imposed in 2002 to pay off Hydro’s residual stranded debt. All of the debt principal was paid in full by 2010. But the charge was not removed! In fact, it was extended to 2018. Can you imagine if a bank did this to you as a credit card customer? You’ve paid off your balance — congratulations — but we’re going to keep hitting you for interest payments anyway? They’d go to jail. But in Dalton McGuinty’s Ontario, it’s just another experiment in creative revenue enhancement. Under my leadership . . . It Will Be Gone (sic)!”

In Hudak’s imaginary world, a customer never pays any interest on his initial credit card balance, even a decade later. That’s why he claims the Residual Stranded Debt should have been paid off by now, and blames Liberal impropriety. In the same breath, he acknowledges it won’t be paid off until 2018. Regardless, he vows to stop collecting the DRC from residential ratepayers as premier. Hudak’s office estimates this will cost the province $360 million, to be made up elsewhere (Curiously, PC news releases last month pegged the cost higher, at $400 million). In fact, it’s likely to cost even more, because the Tories clarified with me on Friday that they’ll also remove the DRC for farmers and small businesses. A confidential briefing document prepared for cabinet last fall shows that cutting the DRC on this broader group would have a “negative fiscal impact of $500 million per year” — far more than the latest PC price tag of $360 million.

Any DRC relief, whether $360 million or $500 million, would have to be made up elsewhere — transferring the burden from ratepayers to taxpayers. Either way, the buck stops with voters. Hudak’s DRC gambit — now you see the debt, now you don’t — is the kind of political sleight of hand that damaged the province’s finances when the Tories were last in power, and created a crisis of confidence in their government. By playing the same shell game all these years later, Hudak may successfully dupe some people about the debt. But the Tory leader is fooling himself if he thinks this makes him ready to govern — and that cooking the books will never catch up to him, or the province.

The Tories tried similar tricks once before and paid a heavy price. If voters buy in now, and don’t pay heed, we’ll be going down the same blind alley — a debt maze of our own making.

Martin Regg Cohn’s provincial affairs column appears Tuesday, Thursday and Sunday. mcohn@thestar.ca, twitter.com/reggcohn.

Offline

 

#7 2012-08-04 11:38:15

spankie
Member
Registered: 2008-01-01
Posts: 1350

Re: Local Candidates

himu wrote:

Malaysian hair Los Angeles says, If achieving beautiful hair is something that has been on your to-do list for far too long, then you have found the right article. The issues that affect hair condition and quality will be addressed, and you may be surprised at how simply you can get that long sought after gorgeous hair!

Oh Oh can I get me some of that Yak hair?

Offline

 


Board footer

Powered by PunBB
© Copyright 2002–2008 PunBB