Fall economic statement falls short

NEWS RELEASE
Ted Arnott, MPP
Wellington – Halton Hills
FOR IMMEDIATE RELEASE
November 23, 2011

Fall economic statement falls short
(Queen’s Park) – The McGuinty Government’s fall economic statement is an inadequate response to
the province’s deteriorating financial position, says Wellington-Halton Hills MPP Ted Arnott.

“We need a serious and concerted effort to identify wasteful government spending and find savings,”
Mr. Arnott said. “Instead of facing this challenge head on, today they just stuck their heads in the
sand.”

The latest projection for this year’s provincial deficit is $16 billion. This means that in effect, the
government is borrowing $1.8 million every hour, 24 hours a day, 7 days a week.

“All this means we continue to borrow like there’s no tomorrow, and we add to the debt that
someday has to be paid by our children and grandchildren,” Mr. Arnott added. “All because Premier
McGuinty is unwilling to show the kind of leadership these times require.”

Tim Hudak and the Ontario PC Caucus have called upon the Government to show real spending
restraint, proposing a full program review and a genuine effort to reduce the size and cost of the
provincial government.

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Ted Arnott, MPP
Phone: 416-325-3880
Email: ted.arnott@pc.ola.org