Notice

Questioning Don Drummond: a letter to the editor

Toronto Star Editorial
January 30, 2012
 

Executive Board Member, David Lundy, had the following letter to the editor published as a response to a recent Toronto Star article addressing the Drummond Commission’s plans for Ontario.

Dear Editor:

Now let me get this straight Don Drummond a Bank economist is going to tell our provincial government how to get its financial house in order. Wasn’t it Bankers and Bank economists who very nearly ruined the world’s economy by losing trillions of dollars virtually overnight and plunging the world into its worst recession since the Great Depression? Then they demanded and received a 40 billion dollar bailout here in Canada, and then paid themselves $8 billion of that in bonuses. Having so screwed the world’s economy what makes a banker an expert on anything?

Now without any consultation with the public, one of these geniuses has been given the task of totally remaking our remaining government public services and restructuring our society to make both more efficient. They cannot manage their own business, yet somehow a banker can determine how many caesarians, Ontarians deserve? Instead of cutting services, it’s time to cut the fiscally irresponsible 3 billion dollars in corporate tax cuts due to be handed out to Bay Street this July and put Ontario’s finances and government back on a responsible track.