Ontario Debt By Premier
This is why we need change in Ontario.
The NDP under Bob Rae blew open the debt following David Peterson
The Liberals under McGuinty blew open the debt following the Harris/Eves governments
And the Liberals under Kathleen Wynne are so fiscally irresonsible that they are worse than heavy spender Dalton McGuinty. Wynne is not a Liberal. She is a hard core socialist.
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Getting Rogered
Well this is quite a fitting photo for this website. I’ve blogged a few times about Rogers and the way Cable companies screw around with subscribers.
Don’t Be A D.I.C.C.
Safety first people.
The Canadian Alphabet
Yup. This is about the way we feel here at OfficiallyScrewed.com with the Quebec election campaign underway.
Even Don Cherry Has No Explanation For The Canucks. But I Do. It’s the Curse of Michael Buble.
During the March 8th episode of Don Cherry’s Coach’s Corner, at approximately the 2:00 minute mark, Grapes starts uttering these words.
“How did the Vancouver Canucks, from three years ago could go from the President’s Trophy, 7th game, to there is an absolute shame.”
Seriously Don? Did you NOT know that the night before the 7th game in the 2011 Stanley Cup Finals I cursed the Vancouver Canucks?? This is The Curse of Michael Buble!!!
So if Don Cherry has no explanation for how the Canucks can have dropped so fast and to such depths, all he has to do is google “The Curse of Michael Buble.”
Kathleen Wynne Nickels and Dimes Small Businesses
Today Kathleen Wynne’s Liberals raised miniumum wage in Ontario from $10.25 to $11.00. Either she doesn’t do math or she is nickel and diming. She announced that she would tag the rise to inflation since 2010 when it was last raised.
Yet by my math when I take the CPI inflation rate in Canada over the past 4 years and multiply the rate by the current $10.25 minimum wage I get a $10.96 minimum wage.
CPI inflation for 2010 – 2.35%
CPI inflation for 2011 – 2.30%
CPI inflation for 2012 – 0.83%
CPI inflation for 2013 – 1.24%
So $10.25 x 1.0235 x 1.0230 x 1.0083 x 1.0124 = $10.955
So she has just tagged in an added 4.45 cents. You may think this is paltry but it is another way she is nudging Ontario small businesses over the cliff a nickel at a time.
Officially Screwed….again.
Justin Trudeau Suffers From Premature Ejection
Today Justin Trudeau tossed the Liberal Senators out of the party caucus.
Ask yourself why? Do you think a party that had control of the Senate for 65 of the last 70 years would be concerned? Well there are two reasons.
1) The Conservatives have been in power long enough to put a lot of Senators in the house and it may be decades before the Liberals have a majority in the Upper House again. So in other words, it was fine when they ran the show, but now that they don’t Trudeau wants to change things. Sort of like taking your ball and going home.
and
2) After Mike Duffy and Pamela Wallin had their names dragged around the mud pit for the last year, the audit on all the Senators will be coming out soon. And it’s not going to look good for Mr. Trudeau’s Liberal Senators. I am predicting that the Liberal Senators are the worst culprits of abuse in the upper house and that some may make Duffy and Wallin look like angels.
So what does Justin do? He fires his Liberal Senate Caucus BEFORE we find out that they were naughty in an effort to distance them from the party brand. But what Justin doesn’t realize is no one is going to consider them anything but Liberal and now he has gone and blown his load early. If he had waited for the audit and then tossed this lot out on their ear after it is revealed that they were terrible spenders he would have looked like a true leader.
Ah well. He still has his hair.
Obamacare Continues to NOT Impress
Are Americans getting OfficiallyScrewed?
More than 4.7 million Americans had their health insurance canceled as a result of any of the thousand-plus-page law’s new rules, the Associated Press reports, but the Department of Health and Human Services (HHS) confirmed Tuesday that between federal and state exchanges, just 2 million Americans have signed up for Obamacare coverage.
How The Free Market Deals With “Minimum Wage” or “Living Wage” Increases
In 2013 there was a bump in discussion with regards to raising minimum wage to what is being termed a “living wage”.
Any Economics 101 student can tell you is that a minimum wage is a price floor. What price floors do is prevent the market from reaching the equilibrium point and in the case of a minimum wage (or living wage) they create a higher supply of people who want those jobs, and a lower number of employers wanting to provide those jobs. This in the very high tech economics language creates “waste”.
So how does the free market deal with minimum wage? Well in 2011, McDonalds in Europe knew that the job of order taker at McDonalds was a position that they could replace with cheaper order kiosks. So they replaced the jobs of hourly income earning people with kiosks.
And mark my words, if Ontario raises it’s minimum wage to the “living wage”
level being asked for of $14 an hour, there will be no where left for students to find jobs. McDonalds will bring in kiosks. Mom and Pop shops will lay off students and work the extra hours themselves. The black market “cash” jobs will make a huge comeback. Tax coffers will suffer as unemployment rises and underground employment markets thrive outside of the sight of the tax man.
What we SHOULD be doing is eliminating minimum wage. Let employers pay people what the job value is based on the supply and demand curves finding that equilibrium point.