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2012-07-27 at 15:44

Bankruptcy filed

By Jodi Lundmark, tbnewswatch.com
View larger pictures
Understand exactly what repairs are being doneMINUTE MUFFLER for fair prices & a clear explanation of the work being performed. 677 Memorial Avenue.Click here for details

Global Sticks has filed for bankruptcy.

The company filed for bankruptcy protection Thursday at 4:30 p.m. and laid off its 80 workers.

Minister of Natural Resources Michael Gravelle said he is disappointed by the news and said the company wasn’t able to secure the private sector investment it needed to stay open.

While Gravelle said he wasn’t aware of the details yet, he believed the bankruptcy was fueled by the need of capital investment.

“The company did come to the province after we had already made significant financial investments in the plant both in the form of loans and grants and sought more funding from us several months ago,” he said.

“We made it clear that indeed we did not feel that more funding should be coming from the province and if there could be more private sector investment brought forward, we would then want to talk about being more flexible in terms of our loans that had gone forward to the company.”

The province has invested $7 million in the company through loans and grants.

Global Sticks had its grand opening in May 2011 and shutdown five months later in mid-November citing financial difficulties and a lack of birchwood as the reasons.

It started back up in April of this year. The minister said the issues surrounding wood supply had been resolved.

“This was a company that really had a strong business plan that if I could put this as politely as possible just didn’t appear to be executed in the fashion we hoped it would,” Gravelle said.

The province has been working with Global Sticks for a few years now and Gravelle said the venture began with a justifiable level of excitement; they saw a company that was bringing forward a value-added forestry product.

“Despite today’s announcement, I still have a level of optimism as a result of the fact that this is a company that is still offering a product that is in strong demand that has good markets,” said Gravelle, adding he hopes the plant can be operational again one day.

“It’s a sad day. These are people that had jobs and obviously this means a great deal to them,” he added.
 



 

 

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Comments

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youngintbay says:
Why am I not suprised. This company was going to fail from the start. One thing it didnt need to build a new mill for this it could of bought one of bucky`s mills and redo the mill to produce the popsicle sticks. Second Mike gravelle are you in charge of giving out wood allocations? Don`t you think you should of helped this company from the start. And also with the HIGH hydro rates betcha they couldnt afford that too. To bad you coldnt make it here Global Sticks. But thats our awesome liberals for you. Once again people this is why liberals have to go.
7/27/2012 3:52:02 PM
The Wolf says:
Maybe when you become oldsterntbay you will have enough life experience to know what you are saying is absolutely ridiculous in regards to retrofitting a "Bucky" mill and wood allowance distribution.
7/27/2012 6:22:13 PM
Marak says:
Oh...Oh!!! Gravelle is disappointed again!! What's his recent total now? 32 Million dollars worth of disappointment? And that is just recently and locally that we know of! How about Mike and the gang be BANNED from using a pen ever again! Unless it's used to sign a personal cheque back to the taxpayers!!!! This is getting pretty sickening...
7/27/2012 4:15:48 PM
yqtyqt says:
Marak - if he's disappointed , then think of how disappointed our children and grandchildren will be when they have to repay more squandered money (plus interest) courtesy of Billie and Mikie.

When are these two fiscal failures (aka bootlickers) going to realize that they need a solid business plan plus some securities before the hand over a dollar of our future generations money.

Otherwise, Billie and Mikie are just stealing the money out of kids pockets.

Well, I guess this will be some up by some of the liberal supporters on this site by saying "well if it then its gone "- no big deal.
7/28/2012 8:03:23 AM
The Wolf says:
lol, people like you really make me laugh. The amount of money sunk in this venture and even add in all the Buchanan default loans is nothing but a mere drop in the bucket in the provincial budget.

The reason most of you cry and whine about stuff like this is you are ignorant of the larger picture and you are unable to wrap your brains around the numbers for what they are. A $7M investment for the province would be equal to a 5cent invest for a person making $38k a year.

I don't like to see money wasted either though but you have to remember that there are a lot more of these company investments that pan-out and make the province money. Not all ventures fail and only the ones that do fail hit the media. Its call sensationalized journalism.
7/28/2012 2:16:26 PM
former westfort resident says:
Another failure that will make it very difficult for others who honestly want to stay and create jobs in the region. How much did the CEO reap from all of that funding? 80 people out of work again, their families and suppliers affected. That sucks. The CEO should give his salary to the workers and offer an apology. A lot of smoke and mirrors that the Liberals fell for - hook, line and sinker. WTG Mikey. Disappointed? WE the taxpayers are disappointed. WE the taxpayers got screwed again. Companies come here, make all kinds of promises, get millions of OUR $, then take off. Yet upper management gets paid but not the workers. Time for Mikey to go play politics somewhere else.
7/27/2012 4:32:35 PM
Chaos says:
I hope you got personal guarantee Mike.
7/27/2012 5:01:23 PM
Fluffy says:
Sounds about right. The government takes half the money that I earned and pisses it away on stuff like this.
7/27/2012 5:05:13 PM
or$en says:
they did not build a "new" mill.
the building and property were leased.
the equipment to make the sticks was used ...it was bought in from some companies it bought from the states then brought here and reassembled ... it looked like half the equipment was 20 yrs old at least.
the "mill part of the plant to make the veneer was also used and reassembled here
7/27/2012 5:36:12 PM
hotdog says:
Just maybe the government should stay away from investing in private businesses that were never feasible in the first place. The taxpayer just got boned out of millions with nothing to show for it. Why did the government promise so much without the remaining private sector investments in place to begin with? A business plan is just a pie in the sky proposal. The government doesn't cause an economy, its ther result of viable private sector businesses operating in a free market. Global Sticks should have never happened. The bigger problem is that much of the present economies of the western world is due to government spending and borrowing and it's coming unglued. Just watch what happens this fall. Buy Gold and Silver would be my advice.
7/27/2012 5:55:52 PM
genie says:
It is all lies and the employees haven't even gotten paid for ALL of the hard work they put into it!!!!!The employees of Global Sticks only found out about the Bankruptcy this morning at 9AM...no lay off slips were issued!!!!!
7/27/2012 6:16:56 PM
comeonpeople says:
These employees bust their butts in this heat when it is thirty outside it is at least forty in the mill. Once They were actually sent home because the humidex was In the danger zone. Walking around the mill with live electrical wires on the ground...and why because they need the pay check....for there families...how do they get payed....the night before pay day they file bankruptcy...
7/27/2012 6:59:19 PM
Northshore77 says:
That sounds a lot like a Buchanen operation.
7/28/2012 8:24:01 AM
wayne says:
"another one bites the (saw)dust"

thanks Gravelle and the Ad-Libs for 'stick'ing us taxpayers with another waste of our money
7/27/2012 7:16:37 PM
tbay87 says:
While I can appreciate the province trying to help Thunder Bay's economy, they really need to do more due dilligence on the guys they are giving money to. Anyways, truly a shame for everyone who worked there and the area as a whole.
7/27/2012 7:23:51 PM
brooky says:
Gravelle and co. move these guys in, give them a ton of cash, but no wood. And we live in the wood capital of the world. Does this make any sense at all??
7/27/2012 7:36:33 PM
barry medawin says:
So what? The government has lots of cash form taxes, it's all covered. The real issue that everyone seems to miss here is...

What will they put in Popsicles now? You can't eat them with your bare hands, and plastic would be awkward.

Why has there been no information on this?
7/27/2012 8:08:27 PM
jimmyboy says:
I would not think with the history of Nukovic and company that this is really going to leave people in shock and aw.! Seems to be some leg pulling here as well...if the employees were in fact issued lay-off slips last week as reported on the radio...this would have come to the attention of the media in a hurryas it did the first time the people were laid-off.

I am also amused at Gravelle on the 6 PM news which he stated he believes he can continue to work with this firm to get them up and running again...please Michael give it a rest alreadythe ship has sunk and will float no more which is a sad thing for all those who were depending on their jobs with this firm.

Well to all those who voted LIBERAL in the last election...this is what you have to live with...a government who has no problem throwing money around and hoping it will stick to something that will prosper...when will they ever learn...how much more of this kind of pure waste do we have to tolerate.???





7/27/2012 8:52:48 PM
waterunderthebridge says:
This was not a strong business plan - Give ur head a shake Mikey - anybody who knows anything about these type of operations knows that they need to be integrated with other forest based operations to be viable. To use a simple anology - it would be like a person having a plan to produce minipotatoes for the specialty restaurant industry. You set up a plant and then ask for somebody to supply you with minipotatoes. If the big potato producers dont supply you then it is unlikely that you can get a supply at a reasonable cost. If you grow them yourself then what do you do with the big potatoes. Cant justify the cost or the waste. For popcycle stick plant they want only the prime 10 percent of the birch tree. What you do with the rest of the tree, with the rest of the stand that is being cut. Nobody will produce it for what you can afford to pay. Especially if they cant sell what is left over. Move the plant to new rayon plant in Terrace Bay and integrate it there and it might pay.

7/27/2012 9:03:01 PM
chbaker says:
Weren't they forced to buy wood from America, due to no wood allocation for them?

Isn't that what happened?
7/27/2012 11:16:48 PM
not a lush says:
Seems the only profitable ventures in this area have to do with alcohol, otherwise it has to be funded by the government.

glug glug
7/28/2012 8:21:07 AM
Laurie says:
Soooo... what did they spend all the money they received on? Would love to see their financial statements..

Didn't we all see this coming when they asked for more money the second time around ???
7/28/2012 8:48:56 AM
Arch Stanton says:
OH, POPSICLES !!!
7/28/2012 9:15:10 AM
udecide says:
Wake up Thunder Bay, you voted , you get what you deserve................STOP complaining.We are a welfare city and the country knows it.....
7/28/2012 9:23:56 AM
Renegade120860 says:
So we have a statement from Gravelle.

Now the question is, will Bill Mauro and Steve Demmings of the Community Economic Development Commission, who also crowed about the startup of Global Sticks, have anything to say about this?

Not that it would worth much to those laid-off workers and their families, who have to deal with the question of:

"Now what"?

7/28/2012 9:29:24 AM
SomeGuy says:
Off topic, but who ever made the map in the background did they not know what Africa looked like? The top is missing a large portion or Libya and part of the western tip.
7/28/2012 10:30:34 AM
Dontlistentome says:
Hey Magellan, it's clearly a fabric backdrop that has gathered. But way to stay focused on the actual important stuf ... Oh look a shiny button.....I gotta go
7/28/2012 1:00:16 PM
compassn says:
Hasn't everyone already figured out Gravelle yet ? The politician is nothing more than a mouth piece for the Liberal party.He can stand and talk for 30 minutes and say absolutely nothing at all. Unfortunately, this is the sort of politician who will rise up the ranks in his party and be around forever.
And for everyone complaining about the Liberal Party.....you all voted this group in....suck it up and think twice next election time.
7/28/2012 1:17:11 PM
comeonpeople says:
Jimmyboy......no layout off slips were issued...they were told on Thursday no wood for Friday...so long weekend....then Friday they got a call saying off a week no wood. Friday they go there to pick up pay check and surprise no check...and no job.....just because it's on the radio does not make it true....
7/28/2012 1:40:27 PM
gone for good says:
This company seemed sketchy from the onset.
Now that doubt has been removed.
7/28/2012 2:18:26 PM
SomeGuy says:
it's not if you look there's shadows from the Popsicle sticks.
7/28/2012 3:14:46 PM
ring of fire dude says:
It would be interesting to find out if Global Sicks/Nukovic made any donations to the Provincial Liberals or the local riding association before it went belly up .
7/28/2012 7:27:17 PM
lori says:
even though a group of 80 worked for a while and maybe even qualified for unemployment again, lets give the gov't an F on this one just to make the wood industry experts on this site happy.
But i'll still give them an A overall for our region.
Lets see, 1000 more workers at Bombardier, a thousand. Name me one time in the last 40 years where any industry in this region expanded by a 1000 people yet you folks still wish to complain.
New building all over the place with construction workers never being so busy.
More highway construction then we have ever seen except when they actually first build the highway.
My hometown, a small northern town has a housing shortage. Can you imagine. Nope not when all people want to do is complain.
All gov'ts, all parties can have bad decisions and I don't even know if this one was.
But they have been nothing but stellar for this region. You may not like the facts, but it is the case. Our housing boom is not an accident, it is because of this gov't
7/28/2012 8:02:57 PM
wayne says:
"...a mere drop in the bucket in the provincial budget"

a leaky-dripping Liberal faucet can fill many buckets
7/28/2012 9:13:34 PM
nvjgu says:
Bankruptcy is not a new concept here. Just being in Thunder Bay will bankrupt a person.
7/28/2012 9:24:15 PM
wayne says:
The Wolf said: "A $7M investment for the province would be equal to a 5cent invest for a person making $38k a year."

Nickel-and-dimed to death
7/28/2012 9:30:10 PM
wayne says:
The Wolf, have you forgotten the bigger picture for Thunder Bay and surrounding area when it comes to Liberal epic fails? 80 jobs lost (at your $38k figure) for Global Sticks, the failure of Tornado Medical Systems and others that were funded by municipal, provincial and federal tax dollars. The eHealth and ORNGE scandals, and the smart meters and green energy act and the 40% increase in electricity rates. That's a lot of nickels dude!
7/28/2012 10:37:04 PM
wayne says:
from a TBNewswatch story last year: "Global Sticks intends to create enough ice cream sticks, corn dog sticks, tongue depressors and paint paddles to give one to just about every person on the planet."

I suppose one of those tongue depressors was not set aside for Gravelle.
7/28/2012 10:54:10 PM
pogey shuffle says:
you put your 2 bits in, you hit up the government too, you work for a few months, then boo hoo hoo.

you do the pogey shuffle & try to turn your life around, thats whats its all about!
7/29/2012 9:24:09 AM
listen to what this guy says:
The real question is:

Did Nukovic cash his cheque that week?

How can this even be? Bankruptcy? So soon?

How was his business plan even passed if the wood was always in question?

Would the government be able to step in & take over the company? Why not? Why loose anymore? Obviously they saw something in this business & should take it over see it thru, saving jobs & the already invested cash. Nukovic can WORK there for minimum wage, while the government takes the CEO's wage. Try it, you may like it!
7/29/2012 9:31:27 AM
analyst1 says:
Northwestern Ontario is becoming a haven for fast-talking "entrepreneurs" with big-idea businesses i.e. Global Sticks, Tornado Medical Systems,Regenmed, etc. These operations look for markets where the government will throw money at them to set up with a job promise. If it works out, great - they make a pile of money. If not, oh well - no money out of their pocket. They talk a great game to all the government officials but since nobody they are talking to actually has any real business experience where real revenue (not a government cheque) is required and things actually have to be paid for, it is very easy to BS them because the officials are just looking for any PR opportunity. I agree that we all complain when the gov't does not step up to help. However, why do we never bring in a solid established company and instead just get these big-talking upstarts that are pros at taking the money and running? Maybe real companies don't want to be here just to scam an extra few million.
7/29/2012 11:00:51 AM
analyst1 says:
Reggie is the front man for this disaster but it is Hans-Erik Aamand from Stormax who ran away with the money. The gov't loan money was simply used by Global Sticks to purchase an old decrepit mill worth nothing but salvage value from..... you guessed it - our "friends" at Stormax in Europe. Then we paid to have it shipped here and rebuilt - even though it was all built to European measurement (metric) and electrical standards and was not compatable with any needed parts available in North America. That "purchase" was the biggest scam pulled by these guys.


7/29/2012 11:25:19 AM
Renegade120860 says:
Anybody want to wager, when "RegenMed" will show up before City Council and ask for another handout/bail-out???
7/29/2012 11:44:18 AM
common cents says:
why dosent the government allow thier own people to work @ these places? I mean without thier funding, there is nothing anyways?

a new plan needs to be written for questionable ventures.
7/29/2012 11:53:19 AM
woodzee says:
7 million and 80 people out of work, Now if we gave 80 people 800,000 and left them to do their best where would we be?
7/29/2012 7:49:19 PM
Circular_Logic says:
We would be here; they would be in the Caribbean.
7/31/2012 1:25:10 AM
commonsense says:
According to a Sept. 26?09 story in CJ, NOHFC contributed a $1-million loan to help
project partner Hood Logging build the manufacturing facility that Global Sticks will occupy. What will be the status of that arrangement?
7/29/2012 10:28:16 PM
lori says:
why is it that all of the experts posting on this article, fail to comment on the article about the housing shortage in Atikokan. That too is the gov'ts fault, for supporting Atikokan with Gov't money, for the MPP saving the coal plant, for investing in their roads and hospitals, for making my hometown of Atikokan thrive like they haven't for 40 years.

See, the gov't is to blame for that too but no postings from the usual corner.

Unlike them, I can state bad things. This did not work out. There is no proof that the gov't blew it, but maybe they did. But they get many things right, many.

As for not investing in the private sector, tell that to the auto industry and the tens of thousands of jobs that were saved in Ontario.

One more success story that the critics here don't want to talk about.

So T.bay and Atikokan haven't seen this level of success in decades. Yeap, let's concentrate on the 1 or 2 bad ones and ignore the dozens of great stories. That is T.Bay's way.
7/30/2012 12:02:50 AM
yqtyqt says:
Well there you have it folks. From the mother dingbat of all experts when it comes to fiscal knowledge. Right Lori?

The same one who sums up all the government waste of money with a statement like "When its gone, then its gone"

As Wolf says, when you look at the bigger picture, all Ontarians could care less about a hole in the ground like Atikokan (except if you're from the hole in the ground)

However, most Ontarians care about the fact that the Ont Libs are running the province into the ground and mortgaging our kids future.

Do you know how much money leaves TBay in interest payments alone on Daltons debt. Almost as much as it takes on a net basis to run the whole city.

As for Wolf, in Thunder Bay, I'll tell you how many addnl police could be on the beat, how many more nurses could be in the hospital, how many seniors wouldn't have to live in poverty, if the govt hadn't wasted $7 million. But then again, you do the math smartguy. Real priorities aren't being dealt with!
7/30/2012 11:42:36 AM
lori says:
attaboy yqt, show everyone how dumb you really are. Don't care about Atikokan. Well, Hamilton, Windsor, Burlington, Oshawa don't care about T.Bay. So lets close this city too. How about Beardmore, Geraldton, Dryden, Kenora, shut them down to YQT. You oh wise one. Tell us what cities deserve money and which ones don't. You decide from the sideline beceause you are too much of a coward to stand for election and just want to criticize everthing. Then your grandiose budget statement, so silly it is beyond comprehension.
Lets see, A billion or so for Bombardier. 200 million for coal plant, 225 million courthouse, 100's of millions for hosptial. Hundreds of millions for highways but we send more money then we get. Laughable.

So why don't you say send all that money back to Toronto and balance the books.

c'mon YQT, lets hear it. Tell those thousands working because of this, that we don't want the money. You already closed Atikokan. Close T.Bay next.

You are really a piece of work.
7/30/2012 1:35:18 PM
yqtyqt says:
Most of the towns that you listed were one-horse towns. They thrived on a single industry and people flocked to them years ago to earn a living with the realization that when the resouces dried up, or the markets went sour, that they would have to leave.

The govt continually pumping money into these holes in the ground and dots on the map is like trying to give mouth to mouth to a dead skunk on the trans-canada.

Its a fct that most ontarians couldn't give a damn about atikokan, let alone know where it is.

As for your weak attempt to justify the spending in the tbay region, only a fool would believe that all of the provincial treasury is emptied (and then some)in our area. Leave your dump in westfort and travel to southern ontario to look at the money that being squandered away in that corner of the province.

The simple FACT is that the Ont Libs don't have any surplus money to squander. They have used several generations of $. And those kids will pay for many years to come.
7/31/2012 9:57:53 AM
lori says:
what you don't get, and continue to not get is that this town was a one horse town with forestry. Well forestry died all over the planet. No newspapers, no building. It died. So by your logic, as silly as it is, T.Bay should have been allowed to die also. These one horse towns as you call them have people. Gov'ts of all stripes support them so your anti-liberal dance is quite inaccurate.

NDP---- huge deficit.
Tory----big deficit while telling us the books were balanced. Do you recall that YQT or conveniently forget.
Liberals--- big deficit. But that money came to the north.

Tell T.Bay that you don't want the money to come here. Our two MPP's did their job. They got us funding. That is their job. They brought jobs here, that is their job. They diversified T.Bay's economy, finally. Gov't money, yeap. Without it, even you would be moving to Toronto because they would be nothing here. You can pretend that's not true, cause you have a hard time with reality.
7/31/2012 11:46:36 AM
yqtyqt says:
Govts can't be everything to everybody. One horse towns and large cities.

As I've stated before, you can't spend money that you don't have. But you conveniently ignore this fact since your liberal friends are on an out of control spending orgy. ALL levels of govts have to exercise restraint. Use taxpayers money wisely. The feds have run up a deficit but are still the envy of the industrialized world. We don't have banks collapsing, our international debt ratings are solid, our markets are still strong in spite of weak sectors and public sector greed.

Our municipality has spent far more than they should have. The waterfront and multiplex are want to haves more than necessities.

But the province is on credit watch, the Libs have exhibited no signs of restraint, and lib friendly parties still attract govt monies.

As for the one horse towns. They existed on one industry and should fold the tents when the wells runs dry.

How long can the mouth to mouth $s support them.

8/1/2012 11:22:07 AM
youngintbay says:
Hey wolf.
I was in this forestry industry for 15 years. I do know what I`m talking about with this it could of being done. And one of the major things is the popsicle sticks are made from birch wood products. And with how the bush is growing theres not much of birch around specially the type they needed. And also they needed a wood allocation which mikey is in charge of. Yes he did give them one but is was to late. Should of had a wood alocation in place before this place even started. Once again Thank you very much Mr.Gravelle>
7/30/2012 7:27:36 AM
The Badger Mountain Hermit says:
The greedy and unscrupulous are always pushing others away from the feed trough.
7/30/2012 10:20:23 AM
canrebel53 says:
And did we really expect this to turn out any other way. When you have Gravelle and the Liberal septic tank Government backing a deal it's the same as opening the lid and dropping it in. Give it a week Mike and hand them another 10 million, and keep letting the tax payers flip the bill for your stupidity.
7/30/2012 10:45:20 AM
varga says:
I hate to say I told you so... Anyone that paid attention to or was involved in this venture from th ebeginning could plainly see that this was a case of a company taking advantage of government funding while maintain the bare minimum of production to meet their end of the agreement so they could pull out and walk away to the bank... This company's lack of preparation and foresight is too convenient for anything else to be the case!
I think the government shoul dhave clauses in the contracts when investing in private business that do not allow the businesses to claim bankrupcy for the first 5 years of operation. If that were the case you woul dsee stable sound businesses in place instead of these flash in the pan operations.
7/30/2012 12:52:40 PM
karcat says:
well what did you expect?? only a liberal govt would do such a thing, they love to use taxpayers money , and then when the bubble bursts they dont know what to say , hey Mikey i need some money too ok???
7/30/2012 3:11:35 PM
trepat says:
I have discovered the biggest problem with our provincial government. They try. They don't always succeed but they try.

They need to be like our Federal Government. Forget Thunder Bay even exists, only give dollars when the province does and no one on this site ever criticizes you.

The province should stop sending dollars up here, let our city and region fall on its face because for a hundred years we never diversified, and then some of the rich folk can buy up this land cheap when everyone moves away.

It certainly seems clear that by trying to create jobs, the folks on this site will just wait for a chance to rip you a new one if it fails.

Ottawa has done very little for our region to create jobs. Why do we never see the shots aimed at them.
7/30/2012 5:38:53 PM
yqtyqt says:
Trepat - who's dollars are they sending up here. Current citizens of future citizens. In case you haven't heard, the Libs have run the province into the ground financially. They have chalked up a credit card bill of $275 billion (or close to $100,000.00 per household of 4). The bond rating agencies have put Ont on credit watch. The Drummond report described the Libs spending as out of control. But McGuinty as his flock of faithful followers and bootlickers still pull out their Ont credit cards for wasteful items and gratuities to Buchanen and other liberal friendly folks.

I don't know about you, but the first thing that I was taught is that you don't spend money on things you can't afford. And that you pay your bills before you buy new things. The debt is spiralling deeper and deeper. Did it ever cross your mind that the spending tap is leaking more and more.

So when you say "fall on your face", someone will and soon. Unless you live in a hole in the ground the problem is clear.
7/31/2012 10:12:56 AM
trepat says:
yqt in a perfect world, all governments balance the books. Didn't happen. It wasn't just this provincial gov't spending money it was all governments of all parties around the globe. Unless you live in a whole in the ground, you would have noticed. So please tell us what you suggest. Do you want your MPP's to argue against funding for our region for the greater good of the province. If that is what you are advocating, then say so. I do not believe that is their role, but you can have that opinion if you wish. However I for one would expect a large roar of protest from this region if our MPP's fought against funding on the morale high ground of balanced budgets. I understand the desire, I just don't see any elected official ever doing that. I do not see you saying that. I do see you criticizing the province but never the Federal Gov't. The province has done great things up here. It costs money. Ottawa has ignored us. Which do you prefer? I prefer the provinces way, not Ottawa's.
7/31/2012 1:18:13 PM
yqtyqt says:
You didn't address the question - who's money is being used here. Current taxpayers or future taxpayers?

Municapilities by law must balance their budgets. Read the Municipal Act to know this. Provincial governments (municipalities are creatures of the province) can accumulate huge deficits and debts. In the Libs case, so much debt that their credit rating is about to be down-graded. Expert economists are sounding the alarm bells for the Libs.

But the feds remain strong in terms of international finance

The (w)hole in the ground which you refer is largely occupied by the left wing and socialist policitians. Spend spend spend and pass the credit card bills on the the kids

Yes I expect all politicians to stand up to their leaders if they think that they are putting future generations in jeopardy. Unfortunately, our MPPs (bootlickers 1&2) don't have the backbone to speak up. They only represent the some of the current greedy left wing generations

So current or future voter
8/1/2012 11:37:20 AM
PersonaNonGrata says:
Q: When is the last time the Superintendent of Bankruptcy (division of Industry Canada) ever prosecuted anyone for bankruptcy fraud in NW Ontario? Anybody? No wonder this sort of thing continues to grow unabated without any credible enforcement...
7/31/2012 2:32:02 AM
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