Transcript: Fourth Reading IV - Budget Special | May 05, 1994

The opening sequence rolls.
Music plays as clips of politicians and demonstrations appear on an animated number 4.

A blue screen appears on screen with a title that reads "Ontario Budget, 94" with a clip of Queen’s Park.

The speaker of the house says THIS BUDGET MARKS ANOTHER
STEP IN THE GOVERNMENT'S PLAN
TO INVEST IN JOBS, AND
PRESERVE IMPORTANT SERVICES
WHILE BRINGING THE DEFICIT
DOWN.

In the studio, Steve appears on screen with a logo that reads "4th reading" behind him. He is in his thirties, has short, dark, curly brown hair, is clean-shaven, and wears a black blazer and solid black shirt.

Steve says NO NEW TAXES, NO TAX
INCREASES, SOME TAX BREAKS.
AND A DEFICIT THAT'S ACTUALLY
GETTING SMALLER.
IMPOSSIBLE?
WELL, APPARENTLY NOT, THAT IS
EXACTLY WHAT THE NDP HAS
DELIVERED, AND WHAT MAY BE ITS
LAST BUDGETS BEFORE THE NEXT
PROVINCIAL ELECTION HI,
EVERYBODY, I'M STEVE PAIKIN
AND WELCOME TO "FOURTH
READING."
THE NEW DEMOCRATS TELL US
THINGS ARE REALLY TARGET IT
IMPROVE IF ONTARIO.
THAT IT'S PAYBACK TIME FOR ALL
ECONOMIC MISERY WE'VE PUT UP
WITH THE PAST FOUR YEARS.
IN MOMENT, OUR POLITICAL GANG
WILL HAVE AT THE MAN WHO WROTE
THIS BUDGET TO FIND OUT WHAT
HE HAS DONE WHAT HE HAS DONE.
BUT FIRST A QUICK SKETCH OF
HOW FINANCE MINISTER EMPLOYED
LAUGHREN PLANS TO SPEND 51 POINT 5
BILLION OF OUR TAX DOLLARS
BETWEEN NOW AND NEXT YEAR.

Floyd Laughren stands at Queen’s Park. He is in his fifties, has short, side-parted, white gray hair, is clean-shaven, and wears a gray suit, white shirt, and blue plaid tie, with a flower pinned to his blazer.

Floyd Laughren says I RISE TO PRESENT THE 199 4
BUDGET OF THE PROVINCE OF
ONTARIO.
THIS BUDGET...

Steve says FLOYD LAUGHREN HAS BROUGHT
DOWN A BUDGET FILLED WITH GOOD
NEWS FOR TAX PAYERS AND PLENTY
OF ROSEY PREDICTIONS.
THE GOVERNMENT'S PLAN IS
WORKING.
JOBS ARE BEING CREATED.
WE ARE CUTTING TAXES TO CREATE
EVEN MORE.
HERE ARE THE NUMBERS ARE
THAT ARE MAKING LAUGHREN SO
CONFIDENT.
FOR THE FIRST TIME SINCE 1989,
EMPLOYMENT HAS GONE UP IN
ONTARIO, BY 79,000 JOBS IN
1993.
THE GOVERNMENT PREDICTS
350,000 NEW JOBS WILL BE
CREATED IN THE NEXT THREE
YEARS.
IN FACT, THE NDP BESTS OUR
ECONOMIC GROWTH RATE WILL BE
BETTER THAN ANY MAJOR
INDUSTRIALIZED COUNTRY IN THE
WORLD, LEAVING US WITH AN
UNEMPLOYMENT RATE OF 8 POINT 7 PERCENT BY
THE END OF 199 7.

A clip of a female sales clerk appears on screen using a cash register and giving change back to a client.

Steve says LAST YEAR, THE NDP RAISED
TAXES AND FEES BY ALMOST 2 POINT 8
BILLION DOLLARS.
THAT'S ALLOWED THEM TO FREEZE
TAXES THIS YEAR, AND EVEN
OFFER SOME TAX RELIEF.
BUSINESSES WILL GET A ONE-YEAR
HOLIDAY ON ONE PAYROLL TAX,
THE UNPOPULAR EMPLOYERS HEALTH
TAX, ON EACH NEW WORKER THEY
HIRE.

Floyd Laughren appears on screen giving a press conference with a caption that reads "Floyd Laughren, Minister of Finance."

Floyd Laughren says WE WANT THE PRIVATE SECTOR
TO GET CAUGHT NEWSPAPER THEEN
THUS ASM OF THE RECOVERY AS IT
CLICKS IN, BECAUSE WE FEEL
IT'S THERE, AND NOW IT IS THE
TIME FOR THEM TO HIRE.

In Queen’s Park, Floyd Laughren says WE ARE REDUCING GOVERNMENT
SPENDING.

AND WHEN THE NDP DOES CALL
AN ELECTION, IT WILL BE ABLE
BOAST TWO THINGS TO SHOW IT
CAN MANAGE OUR MONEY: NUMBER
ONE, IT'S BEEN THE ONLY
GOVERNMENT SINCE 1942 TO
REDUCE PROGRAM SPENDING T DID
THAT LAST YEAR.
AND NUMBER 2, IT'S DONE IT
AGAIN THIS YEAR.
4 OUT OF 20 MINISTRIES WILL
HAVE LOWER BUDGETS THIS YEAR.
AND OF COURSE, THE SOCIAL
CONTRACT STAYS IN EFFECT.
THAT WILL KEEP THE WAGES OF
PUBLIC SECTOR WORKERS DOWN
UNTIL 1996, SAVING TAXPAYERS
AN ADDITIONAL 2 BILLION DOLLARS EACH
YEAR.
TO HELP KEEP ITS SAVINGS
LOOKING GOOD, GOVERNMENT IS
HELPING ITSELF WITH A
CONTROVERSIAL GARAGE SALE.
SELLING GO TRANSIT AND LEASING
IT BACK, SWEETENS THE BOOKS BY
425 MILLION DOLLARS.
SELLING THE SKYDOME PUTS 135
MILLION DOLLARS IN THE PLUS COLUMN.
THE EFFECT OF THESE ONE-SHOT
TRANSACTIONS IS TO MAKE
REVENUES LOOK MORE IMPRESSIVE
THAN THEY REALLY ARE.

A money printing machine prints off more money and Steve says AND NOW THE DEFICIT.
THE DIFFERENCE BETWEEN WHAT
THE GOVERNMENT SPENDS AND WHAT
IT TAKES IN, REVENUES.
THE NDP WAS ACTUALLY PRETTY
CLOSE TO LAST YEAR'S TARGET,
THEY FORECAST A DEFICIT FOR
1993, '94 AT 9 POINT 2 BILLION DOLLARS.
THE DEFICIT ACTUALLY CAME IN
AT 9 POINT 4 BILLION DOLLARS.
BUT THIS BUDGET YEAR, '94-'95,
THE NEWS IS MIXED.
ON THE GOOD SIDE, THE DEFICIT
IS GETTING SMALLER.
ON THE DOWNSIDE, LAUGHREN IS
NOW FORECASTING A DEFICIT OF
8 POINT 5 BILLION DOLLARS.
LAST YEAR HE TOLD US IT WOULD
ONLY BE 6 POINT 8 BILLION.
BY THE END OF THIS BUDGET
YEAR, ADD UP ALL THE DEFICITS
YEAR AFTER YEAR, AND ONTARIO'S
TOTAL DEBT WILL BE MORE THAN
90 BILLION DOLLARS.
AND HOW DOES FLOYD LAUGHREN
WANT PEOPLE TO JUDGE THIS
BUDGET?

In a press conference, Floyd Laughren says I THINK PEOPLE WILL SEE
WHAT WE'VE DONE AS RESPONSIBLE
MANAGEMENT OF THE ONTARIO
ECONOMY.
AND IF I COULD BE SOME WHAT
IDEOLOGICAL, IN A SOCIAL
DEMOCRATIC WAY.

Steve says THE OPPOSITION PARTIES, NOT
SURPRISINGLY, DISAGREE.
THE LEADER OF THE LIBERALS WAS
AT HER RHETORICAL BEST IN
CONDEMNING LAUGHREN'S HANDY
WORK.

Lyn McLead appears on screen at the same press conference with a caption that reads "Lyn McLead, Ontario Liberal Leader." Lyn is in her sixties, has short, big, gray hair, wears pearl earrings, and wears a blue blazer and a white silk scarf.

Lyn McLead says THIS IS A CYNICAL
MANIPULATION BY A DYING
GOVERNMENT IN AN ELECTION
YEAR.
DON'T BE FOOLED.

Mike Harris appears on screen at the same press conference with a caption that reads "Mike Harris, Ontario PC Leader." Mike Harris is in his fifties, has short, side-parted, dark gray hair, is clean-shaven, and wears a black blazer, white shirt, and red tie.

Mike Harris says FLOYD LAUGHREN HAS NOT
HEARD THE MESSAGE THAT
ONTARIANS HAVE BEEN SEND THAT
GO WE NEED MAJOR CHANGE.
THIS BUDGET OF COMPLACENCY
WILL LEAVE US YET ANOTHER YEAR
BEHIND ALL OF OUR COMPETITORS.

Back in the studio, Steve says LET US LINK UP WITH
FLOYD LAUGHREN WHO JOINS US
FROM QUEENS PARK.
MR. TREASURER, THANK YOU FOR
BEING WITH US.
OR FINANCE MINISTER.
WE STILL MAKE THAT OLD
MISTAKE.
TELL US SOMETHING,
PHILOSOPHICALLY, WHAT ARE YOU
TRYING TO TELL US WITH THIS
BUDGET?

Floyd Laughren appears on screen from another studio in front of a blue background with a caption that reads "Ontario Budget ’94."

Floyd Laughren says PHILOSOPHICALLY TRYING TO
TELL YOU THAT WE'RE ON THE
RIGHT TRACK, THAT THE PLAN
THAT WE BROUGHT OUT A YEAR AGO
TO PRESERVE THESE ESSENTIAL
SERVICES AND DO WHAT WE COULD
AT THE JOB SIDE AND GET THE
DEFICIT UNDER CONTROL AND
GOING DOWNWARD IS ACTUALLY
WORKING.
NOW, WE'RE GETTING A LOT OF
HELP.
I DON'T SIT HER TAKE THE
CREDIT FOR EVERYTHING, WE'RE
GETTING A LOT OF HELP BECAUSE
THE RECOVERY HAS CLICK IN.
AND THAT WOULD BE AGREED UPON
BY MOST OBJECTIVE OBJECTERS,
THAT THINGS ARE GETTING
BETTER.
WE HAVE TURNED THE CORNER, AND
THAT WE ARE NOW GOING TO BE
ABLE TO GET THAT DEFICIT GOING
DOWN EVERY YEAR, TO THE
POINTING WHEREBY 1998, ON THE
OPERATING SIDE, WE WILL HAVE A
BALANCED BUDGET.

Steve says EVERYBODY'S OF
COURSE THRILLED THERE ARE NO
TAX INCREASES, THAT'S MAIN HIT
YOU'RE GOING TO GET, THE BIG
HEADLINE IN THE NEWSPAPER.
HOWEVER, LET ME SUGGEST SOME
HIDDEN NEGATIVE THIS BUDGET.
WE DON'T KNOW WHAT THE FEE
INCREASES ARE GOING TO BE.
YOU ARE BOASTING THAT YOU ARE
CUTTING SPENDING IN 14 OUT OF
THE 20 MINISTRIES IN YOUR
GOVERNMENT.
AND YET WE DON'T KNOW WHAT
PROGRAMS ARE GOING TO BE
CHOPPED AS A RESULT OF THOSE
CUTS.
CAN YOU SHED ANY MORE LIGHT ON
THAT FOR US NOW?

Floyd Laughren says FIRST OF ALL, THE
LINE-BI-LINE EXPENDITURES WILL
BECOME KNOWN WHEN THE -- WHAT
WE CALL OUR ESTIMATES ARE
TABLED IN THE LEGISLATURE IN
ANOTHER WEEK OR SO.
THAT'S WHEN ALL THE LINES COME
OUT ON INDIVIDUAL PROGRAMS.
WHEN IT COMES TO WHAT WE CALL
THE NON-TAXED REVENUES, WHICH
ARE NON-TAXED, THINGS LIKE
LICENSES, FEES, SELLING OF
ASSETS; THOSE ARE WHAT WE CALL
NON-TAXED REVENUES.
AND THERE'S NO BIG BUDGET TIME
THERE.
EXCEPT THINGS LIKE THERE'S A
NEW LOTTERY COMING ALONG.
THERE'S THE CASINO REVENUES
FROM WINDSOR, AND THEY'RE,
THINK CLOSE TO 2 MILLION DOLLARS A
WEEK FOR THE PROVINCIAL
COFFERS.
SO THERE'S SOME OF THOSE
THINGS.
BUT WE'VE DONE A LOT ALREADY
TO TRY AND GET VALUE FOR THE
SERVICES THAT WE RECEIVE.
WHETHER IT'S EVERYTHING FROM
ROAD MAPS TO OTHER SERVICES
THAT THE GOVERNMENT PROVIDES.
AND WHICH WE THINK HAVE BEEN
UNDERVALUED FOR A LONG TIME.

Steve says LET ME INTRODUCE TO
YOU OUR PANEL THAT WANTS AT
YOU RIGHT NOW.
KNOW THEM ALL, SALLY BARNES,
CONSERVATIVE ADVISE OR.
IAN SCOTT, FORMER LIBERAL
ATTORNEY GENERAL, JANET
SOLBERG, YOUR PAL FORMER
MEMBER OF THE NDP.
SALLY, I KNOW LOOK AT THESE
DEBT NUMBERS AND YOU SEE A 90
BILLION DOLLARS DEBT AT THEEN OF THIS
BUDGET, BUT IS HE DOING THE
BEST HE CAN?

Sally Barnes appears on screen in the studio with a caption that reads "Sally Barnes, Former PC Adviser." Sally is in her fifties, has short, blond gray hair, wears small gold hoop earrings, and wears a beige blazer, beige shirt, and a blue bow.

Sally Barnes says MAYBE THE
BEST YOU CAN WITH ALL DUE
RESPECT.
BUT I DON'T THINK -- I'VE BEEN
AROUND FOR A LONG TIME AND I
CAN NEVER REMEMBER GOING BACK
TO 1970 A DULLER BUDGET IN MY
LIFE.
I DON'T SEE ANY INSLOW
VACATION IN IT.
I'M DEPRESSED, AS YOU SAY, BY
THE ABSOLUTELY SPIRALING DEBT,
NO MATTER WHAT THE -- I THINK
YOU'RE PLAYING A LOT OF GAMES
WITH THE NUMBERS.
YOU CAN'T PLAY GAMES WITH THAT
DEBT, IT'S EVEN HIGHER THAN
YOU THOUGHT IT WAS GOING TO
BE, ISN'T IT?

Floyd Laughren says SALLY, KEEP IN MIND THAT WE
HAVE GOT THE DEFICIT GOING
DOWN.
KEEP IN MIND AS WELL, THAT
IT'S THE FIRST TIME IN OVER 50
YEARS, AND SOME OF THOSE
YEARS, YOU WERE VERY CLOSE TO
THE SEAT OF POWER AT QUEENS
PARK, THAT THERE'S BEEN A
REDUCTION IN PROGRAM SPENDING
FOR TWO YEARS IN A ROW.
WE HAVE WORKED EXTREMELY HARD
ON EXPENDITURE SIDE AT A TIME
WHEN BECAUSE OF RECESSION,
THERE WERE ENORMOUS PRESSURES
ON US THROUGH SOCIAL
ASSISTANCE CASELOADS, THROUGH
MORE PEOPLE EITHER GOING TO
BACK TO SCHOOL OR STAYING IN
SCHOOL LONGER, I THINK THAT
IT'S TIME THAT PEOPLE
ACKNOWLEDGE HOW HARD WE'VE
WORKED TO GET OUR EXPENDITURES
UNDER CONTROL.
BECAUSE WHEN WE CAME TO OFFICE
IN 1990, THERE WAS NO
MECHANISM, NO
INSTITUTIONALIZED WAY IN
GOVERNMENT TO CONTROL
SPENDING.
AND WE CREATED A TREASURY
BOARD, AND HAVE, I THINK, THAT
WE'VE SUCCEEDED IN GETTING
CONTROL OF GOVERNMENT
EXPENDITURES.

Steve says YOU DRIVE IAN SCOTT
CRAZY EVERY TIME YOU SAY WE'VE
HELD DOWN PROGRAM SPENDING FOR
TWO YEARS IN A ROW.

Ian Scott appears on screen with a caption that reads "Ian Scott, former Liberal Attorney General." Ian is in his fifties, has short, side-parted, straight, light blond gray hair, wears thin glasses, is clean-shaven, and wears a black suit, white shirt, and brown tie.

Ian Scott says THAT'S BECAUSE I
SEE THE TREASURER WITH THAT
FLOWER IN HIS BUTTON HOLE AND
HE LOOKS AS IF HE'S GOING TO
MAKE HIS FIRST HOLY COMMUNION,
AND I KNOW HE'S NOT ENTITLED
TO MAKE IT TONIGHT.
LET ME ASK YOU THIS, BECAUSE
THIS IS ONE OF THE MEASURES OF
GET.
TELL US HOW MUCH TAX REVENUE
YOU BROUGHT IF LAST YEAR, THE
YEAR JUST COMPLETE, AND HOW
MUCH YOU PREDICT YOU WILL
BRING IN THIS YEAR, JUST GIVE
US THE TWO ROUND FIGURES.

Floyd Laughren says I DON'T HAVE THE NUMBERS IN
FRONT OF ME, BUT WE KNOW OUR
TAX REVENUES THERE THIS YEAR
ARE GOING TO BE UP -- I'M
TRYING TO REMEMBER THE NUMBER,
I THINK ABOUT 2 POINT 5 PERCENT THIS YEAR.

Ian Scott says DO YOU MEAN THE
YEAR AHEAD OF NEWS

Floyd Laughren says YES, I MEAN -- YES, THE
YEAR WE JUST STARTED.
THERE'S A BIT OF A DRAG ON
REVENUES THIS YEAR, BECAUSE
THERE'S STILL SOME
OVERPAYMENTS TO MAKE BACK TO
THE FEDERAL GOVERNMENT ON
INCOME TAX SETTLEMENTS FROM
PREVIOUS YEARS.

Ian Scott says BUT TREASURER,
ISN'T THE REALITY THAT YOU
HAD, I THINK, ABOUT A 2
BILLION DOLLAR DRAG, DIDN'T YOU, FOR
PARTS OF THIS YEAR, COMING IN,
AND IF YOU DON'T PICK THAT UP,
AND IF YOU DON'T PICK UP THE
WHAT IS IT YOU PREDICT, 2 POINT 5 PERCENT?

Floyd Laughren says ABOUT THAT, BUT IAN...

Ian Scott says THEN THESE
PREDICTIONS WILL BE JUST AS
BAD AS LAST YEAR'S.

Floyd Laughren says IAN OUR PREDICTIONS FOR
LAST YEAR, WE PREDICTED LAST
YEAR THAT WE WOULD COME IN FOR
THE YEAR THAT JUST ENDED,
MARCH 31st, THAT WE WOULD HAVE
A 9 POINT 2 BILLION DOLLAR DEFICIT.
WE ENDED ONE A 9 POINT 4 BILLION
DOLLAR DEFICIT.
THAT'S PRETTY CLOSE.
THAT'S...
I CAN BEING BUT TREASURER,
WHEN YOU PREDICT THE DEFICIT,
AND COUNT THE DEFICIT AT THE
END OF THE YEAR AS YOU DO.

Ian Scott says THE ONLY PERSON WITH WHOM THE
DEFICIT COUNTS NOW IS THE BOND
RATING COMPANIES.
AND THE BOND RATING COMPANY
YOU'VE CALCULATED IT, THEY
HAVEN'T SAID YOU'RE MAKING
YOUR FIRST COMMUNION EITHER,
BUT THEY'VE CALCULATED IT AT
10 POINT 9.
THAT'S WHAT DOMINION BOND
SAYS.
THAT'S ALMOST 20 PERCENT, ISN'T IT,
OVER YOUR ACTUAL FIGURE?

Floyd Laughren says BUT I MEAN, IF THEY COMPARE
IT TO LAST YEAR, PEOPLE WILL
COUNT THE NUMBERS DIFFERENTLY,
BUT NO MATTER HOW YOU COUNT
THE NUMBERS, OUR DEFICIT IS
GOING DOWN.
WHAT WE'VE DONE, IS WHAT THE
BUSINESS COMMUNITY HAS BEEN
DOING FOR DECADES, AND THAT'S
WHAT WE CALL AM ADVERTISING
OUR MAJOR CAPITAL INVESTMENTS,
AND PAYING THEM OFF OVER THE
LIFE OF THE -- NOT THE LIFE
OF, BUT OFFER A LONG PERIOD OF
TIME.
THAT'S BEEN DONE FOREVER.

Ian Scott says LET ME ASK YOU
FOR ONE MORE FIGURE BEFORE I
HAND YOU OVER TO MY FAVORITE
APOLOGIST FOR THE NEW
DEMOCRATIC PARTY.

Steve says FOR ONCE HE'S NOT
LOOKING AT ME, HE'S LOOKING AT
YOU.

Ian Scott says SURE, BUT I'VE
FORGOTTEN WHAT THE QUESTION
WITH A WAS.
GO AHEAD.

Janet Solberg appears on screen with a caption that reads "Janet Solberg, Former Ontario NDP President." Janet is in her forties, has short, side-parted, straight dark brown hair cut in the shape of a bob, and wears a pin striped white shirt under a blue sweater vest.

Janet Solberg says I GUESS AS A NEW DEMOCRAT,
I'M TIRED OF HEARING TALK ONLY
ABOUT THE DEFICIT.
TO ME, IN THE GREAT TORY
VICTORY OVER THE LAST DECADE,
THAT WHEN WE LOOK AT A BUDGET,
THE PEOPLE OF ONTARIO NOW
CONSIDER IT IN TERMS OF THE
DEFICIT.
AND I THINK...
THAT'S NOT WHAT'S IMPORTANT.
WHAT'S IMPORTANT IN A
BUDGET...
WHAT'S IMPORTANT IN A BUDGET
IS THAT GOVERNMENTS PLANS FOR
AN ECONOMIC RECOVERY, THE
GOVERNMENT'S PLANS FOR
SPENDING AND...

Steve says DO YOU SEE THOSE IN
THIS BUDGET?

Janet Solberg says I THINK WE
OUGHT TO HEAR ABOUT THAT.
WE SEE A 4 BILLION DOLLAR
EXPENDITURE IN INFRASTRUCTURE.
WE SAW TAX BREAKS TO SMALL
BUSINESS.
WE SOME RESEARCH, RND TAX
BREAKS TO SMALL BUSINESS.
I THINK THOSE THINGS, FRANKLY
ARE INFINITELY MORE IMPORTANT,
THEY SPEAK MUCH MORE TO
PEOPLES' LIVES AND I'D LIKE TO
HEAR FROM FLOYD, THE
TREASURER, WHAT THE -- WHAT
ARE THE OBJECTIVES OF THIS
BUDGET IN THE COMING YEAR.

Sally Barnes says TELL US ABOUT
YOUR TINKERING, PLEASE.

Floyd Laughren says I BEG YOUR PARDON?
JANET, IF WE WERE TALKING
ONLY ABOUT THE DEFICIT, OR HAD
TALKED ONLY ABOUT THE DEFICIT,
I MIGHT AGREE WITH YOU.
BUT OVER LAST FOUR YEARS,
WE'VE HAD A VERY SERIOUS
DEFICIT PROBLEM.
BEEN MUCH HIGH ARE THAN I
WOULD EVER HAVE LIKE TO HAVE
SEEN T I ACKNOWLEDGE THAT.
BUT AT THE DEPTHS OF THE
RECESSION, AND I DON'T
APOLOGIZE FOR IT.
I THINK IT WAS THE ONLY WAY WE
COULD PRESERVE THE ESSENTIAL
SERVICES OF THIS PROVINCIAL.
AND I REALLY MEAN THAT.
NOW THAT THE RECOVERY IS
KICKING IN, I THINK IT WOULD
BE IRRESPONSIBLE TO ALLOW THAT
TO CONTINUE.
AND WE'VE GOT TO GET THAT
DEFICIT GOING DOWN.
BUT THAT'S NOT ALL WE'VE
CONCENTRATED ON.
WE'VE DONE WHAT WE CAN.
FROM NOW ON, THE PRIVATE
SECTOR IS GOING TO KICK IN
WITH THE RECOVERY, AND PICK UP
A LOT OF THE SLACK OF THE
THINGS THAT WE WERE DOING IN
THE LAST THREE, FOUR YEARS.
AND IN ORDER TO AID AND ABET
THAT, WE HAVE GIVEN FIRMS A
TAX HOLIDAY ON THE EMPLOYERS'
HEALTH TAX FOR NEW HIRINGS.
I THINK THAT'S IMPORTANT.
OTHER THINGS THE SMALL
BUSINESS COMMUNITY TOLD US
LOUDLY AND CLEARLY IN
PREBUDGET CONSULTATIONS WAS
THAT THEY NEEDED BETTER ACCESS
TO CAPITAL.
THEY DIDN'T -- THEY DO NOT
FEEL THEY'RE BEING WELL SERVED
INSTITUTIONITIONAL FINANCIAL AND
NOW, WE'RE DOING -- WHAT WE'RE
DOING IS ALLOWING CO-OPS,
CREDIT UNIONS, LOAN AND TRUSTS
TO EXPAND THEIR ABILITY, TO
PROVIDE LOANS, AND OTHER FORMS
OF CAPITAL, TO THE SMALL
BUSINESS SECTOR.
SO THOSE ARE OUR MAJOR THINGS
THAT ARE DIFFERENT IN THIS
BUDGET.

Janet Solberg says I WASN'T
DISAGREEING.

Ian Scott says LET ME ASK YOU
THIS, TREASURER BECAUSE I WANT
TO SEE I UNDERSTAND THIS.
AND HONEST INJUNN NOW, ARE THE
TOTAL GOVERNMENT SPENDING
TOURS FOR NEXT YEAR GOING
DOWN, OR ARE THEY GOING UP
NEXT YEAR?

Floyd Laughren says IF YOU ADD, AND LET ME BE
AS STRAIGHT AS I CAN WITH
THIS...

Ian Scott says IS THERE A "YES."
OR NO TO THAT?

Floyd Laughren says I COULD SAY YES, BUT I
THINK I HAVE TO EXPLAIN WHAT
LOUSE ME TO SAY THAT.
IF YOU ADD TOWING, KEEP IN
MIND THE INTEREST ON THE
PUBLIC DEBT IS GOING UP ALMOST
A BILLION DOLLARS THIS YEAR.
BUT IF YOU ADD TOGETHER...
LOOK AT OUR PROGRAM SPENDING,
IT'S USUALLY GOING DOWN.
AND THAT INCLUDE PDI, THAT
INCLUDE INTEREST ON PUBLIC
DEBT.

Ian Scott says IS YOUR TOTAL
BUDGET GOING UP OR DOWN?

Floyd Laughren says IF YOU ADD IN CAPITAL,
WE'RE SPENDING MORE ON
CAPITAL, SO THAT MEANS WE'RE
SPENDING A LITTLE MORE, BUT
NOT VERY MUCH.

Ian Scott says I CAN AND I CAN YOU'RE
SPENDING MORE ON INTEREST.

Floyd Laughren says OH, YES, ABSOLUTELY.

Ian Scott says I CAN SOCK YOU'RE SPENDING
MORE AND YOU'RE TELLING US
THAT PROGRAM SPENDING, WHICH
IS A PART OF YOUR SPENDING IS
GOING DOWN.

Floyd Laughren says WE INCLUDE INTEREST FROM
THE PUBLIC DEBT WITH PROGRAMS.
THAT'S PART OF OUR OPERATING
DEFICIT, IT INKLUPDZ THE
INTEREST ON THE PUBLIC DEBT.

Sally Barnes says HOW MUCH HAVE
YOU PEOPLE SPENT ON THE SMOKE
AND MIRRORS YOU NEEDED FOR
TODAY'S BUDGET?

Floyd Laughren says SALLY, IT SURPRISES ME THAT
SOMEONE WHO IS AS WEDDED TO
THE PRIVATE SECTOR AS YOU ARE,
WOULD DISCREDIT THE WAY IN
WHICH THE PRIVATE SECTOR HAS
BEEN DOING BUSINESS FOR DECK
A.
THAT'S WHACKLY WHAT THEY DO.
THEY TAKE A MAJOR INVESTMENT
AND THEY AMORTIZE IT.
THAT'S EXACTLY WHAT WE'RE
DOING.
AND THE REPAYMENTS ON IT COME
OUT OF OUR OPERATING SPENDING.
SO THERE'S NO SMOKE AND
MIRRORS.
I KNOW YOU'D LIKE TO BELIEVE
THAT, BUT IT'S NOT THE CASE.

Steve says YOU'RE TALKING ABOUT
PRIVATE SECTOR AND YOU'RE
GETTING TONNES OF REACTION
FROM THE PRIVATE SECTOR.
WE SPOKE TO JASON MYERS OF THE
CANADIAN MANUFACTURERS
ASSOCIATION JUST MINUTES AFTER
YOU BROUGHT YOUR BUDGET DOWN
AND HERE ARE MR. MYERS'
OPINIONS ABOUT YOUR BUDGET.
HE'S NOT TERRIBLY THRILLED.
ALLAN, IF YOU WOULD.

The clip rolls with a caption that reads "Bay Street Reacts."

Jayson Myers appears on screen with a caption that reads "Jayson Myers, Canadian Manufacturers’ Association. Jayson is in his forties, has short, side-parted, light brown hair, is clean-shaven, and wears a brown blazer, white pinstriped shirt, and a plaid tie.

Jayson Myers says GIVEN THE TRACK RECORD OF
THE GOVERNMENT AND TAX
INCREASES WE'VE SEEN, WE'RE
HAPPY THERE HAVEN'T BEEN ANY
FURTHER TAX INCREASES, THAT'S
FOR SURE.
BUT I THINK WE'RE RIGHT NOW, I
SEE, ESPECIALLY IN
MANUFACTURING, A LOT OF
COMPANIES THAT ARE LOOKING AT
INVESTMENT, AND WHAT WE WERE
REALLY LOOKING FOR IN THIS
BUDGET IS SOMETHING THAT WOULD
REALLY ENCOURAGE COMPANIES TO
COME TO ONTARIO AND SAY, YES,
I WANT TO DO BUSINESS HERE.
AND I DON'T THINK THIS BUDGET
DOES IT.

Back in the studio, Steve says CAN I GUESS TO YOU
REACT IT THAT, MR. LAUGHREN,
HAPPINESS ON THE TAXES, BUT
NOTHING HERE TO ATTRACT NEW
INVESTMENT.

Floyd Laughren says THAT'S PATENT NONSENSE.
THE PRIVATE SECTOR HAS
INDICATED A VERY STRONG
INTEREST.
THEIR INVESTMENT INTENTIONS
ARE UP.
THERE WAS A REPORT OUT FROM
THE CONFERENCE BOARD THIS
MORNING THAT INDICATED THAT
BUSINESS AND CONSUMER
CONFIDENCE IS THE HIGHEST IT'S
BEEN IN THE LAST FIVE YEARS.
WE ARE OFFERING INCENTIVES TO
THE BUSINESS COMMUNITY TO COME
AND DO BUSINESS IN ONTARIO.
AND NOW'S THE TIME TO HIRE.
THAT'S WHY WE ARE GIVING THEM
A TAX HOLIDAY ON ANY NEW
HIRINGS FROM THE EMPLOYERS'
HEALTH TAX.
SO I -- WE ARE COMPETITIVE.
OUR PAYROLL TAXES ARE LOWER
THAN IN QUEBEC.
LOWER THAN IN THE NATIONAL
AVERAGE OF EMPLOYER HEALTH TAX
IN THE UNITED STATES.
OUR CORPORATE TAXES AT THE
MANUFACTURING LEVEL ARE LOWER
THAN THEY ARE IN COMPETING
JURISDICTIONS.
SO I THINK IT'S ABSOLUTE
NONSENSE.
NOW I KNOW THERE ARE SOME
PEOPLE WHO WOULD NEVER BE
HAPPY WITH A BUDGET IN
GOVERNMENT WOULD BRING DOWN.
BUT I CAN TELL YOU, THAT THIS
IS A BUDGET THAT I THINK WILL
BE WELL RECEIVED OUT THERE BY
FAIR-MINDED PEOPLE.

Sally Barnes says I DON'T WANT
TO BE UNFRIENDLY, BUT I THINK
THE BIGGEST MESSAGE THAT WE
CAN SEND FOR PEOPLE TO INVEST
AGAIN IS WHEN WE HAVE ANOTHER
ELECTION AND YOU PEOPLE GO
BACK TO OPPOSITION, QUITE
FRANKLY, BUT LET ME...

Floyd Laughren says SALLY, I'M SURPRISED TO
HEAR YOU SAY THAT.
WE HAD -- YOU CAN SAY THAT
YOU'RE GOING TO JUMP ON MIKE
HARRIS'S REVOLUTION BANDWAGON
IF YOU LIKE, BUT THERE'S
NOTHING REALISTIC ABOUT WHAT
HE'S PROPOSING, EXCEPT, EXCEPT
THE SLASH SERVICES, AND
PROGRAMS FOR PEOPLE IN THIS
PROVINCE.
AND IF THAT'S WHAT PEOPLE
WANT, THEN THEY CAN VOTE FOR
MIKE HARRIS, BUT I DON'T THINK
YOU'LL RECOGNIZE ONTARIO AT
THE END OF THE DAY.

Ian Scott says I NEVER TALK
ABOUT SMOKE MIRRORS AT ALL,
BUT LAST YEAR, THE AUDITOR WAS
VERY CRITICAL OF THE WAY THE
BUDGET WAS PUT TOGETHER.
HE DIDN'T USE SMOKE AND
MIRRORS, EITHER, BUT HE WAS
QUITE CRITICAL.
IS THIS BUDGET GOING TO PASS
HIS MUSTER, OR IS IT NOT?

Floyd Laughren says IT'S NOT.
I CAN BEING IT'S NOT?
NO, THE PROVINCIAL AUDITOR
WANTS US TO DO OUR FINANCIAL
STATEMENTS ON WHAT'S CALLED
THE PUBLIC SECTOR AUDITING AND
ACCOUNTING BOARD RULES.
AND WE'VE MADE A COMMITMENT TO
DO THAT.
WE COULDN'T DO IT FOR THIS
BUDGET QUITE FRANKLY.
AND BESIDES, A BUDGET IS NOT A
SET OF FINANCIAL STATEMENTS
FOR THE GOVERNMENT.
IT'S A DOCUMENT THAT INDICATES
THE INTENTIONS, YOUR SPENDING
INTENTIONS FOR THE YEAR.
THE FINANCIAL STATEMENTS, AND
I THINK IAN WOULD APPRECIATE
THIS, THE FINANCIAL STATEMENTS
ARE DONE IN THE FALL, WHICH
ARE TRUE ACCOUNTING
STATEMENTS, ACCOUNTING
FINANCIAL STATEMENTS, AND
WE'VE MADE A FIRM COMMITMENT
TO THE AUDITOR THAT WE WILL
FOLLOW HIS EVERY WISH IN
PREPARING THE FINANCIAL
STATEMENTS.
I DON'T AGREE WITH DOING IT ON
THE BUDGET, THOUGH.

Ian Scott says IS HE GOING TO
BE ON YOUR TAIL ABOUT THIS, OR
IS HE NOT?

Floyd Laughren says HE MAY BE, BUT HE WON'T BE
WHEN WE PRESENT OUR FINANCIAL
STATEMENTS LATER IN THE YEAR.

Ian Scott says YOU'RE NOT
WEARING A FLOWER TO IMPRESS
HIM, ARE YOU?

Floyd Laughren says NO.

Janet Solberg says I JUST
WANTED TO JUMP IN AGAIN.
I WANTED TO TALK A LITTLE BIT
ABOUT THE SOCIAL SIDE OF THIS
BUDGET ABOUT, THE KINDS OF
COMMITMENTS YOU'RE MAKE TO GO
SOCIAL PROGRAMS, TO
EQUITY-SEEKING GROUPS, TO PAY
EQUITY.
I MEAN, THIS IS ALSO
IMPORTANT.
THIS IS WHY I GET SO
FRUSTRATED.
AND I WASN'T BEING CRITICAL OF
YOU, FLOYD, ABOUT THE DEFICIT.
I WAS SAYING THAT TOO MANY
YEARS, THE DISCUSSION IS JUST
AS WE WERE HAVING HERE, ALL WE
FOCUS IS ON THE DEFICIT AND
INSTEAD WE'RE NOT TALKING
ABOUT THE INTENTIONS AFTER
GOVERNMENT, AND I THINK THAT'S
IMPORTANT.
THIS IS WHAT A BUDGET'S ABOUT,
IT NOT JUST A DEFICIT.

Floyd Laughren says IF YOU WERE TO LOOK AT THE
COMMITMENT THIS GOVERNMENT'S
MADE ON CHILD CARE AND ON PAY
EQUITY, AND NOW ON EMPLOYMENT
EQUITY, IF YOU LOOK AT WHAT
WE'VE DONE TO MAINTAIN OUR
TRANSFERS TO THE
MUNICIPALITIES, THE
UNIVERSITIES, THE
SCHOOLBOARDS, THE HOSPITALS; I
DON'T KNOW OF ANY OTHER
GOVERNMENT THAT WOULD HAVE
DONE THAT.
AND AT THE SAME TIME, IN 14
OUT OF OUR 20 MINISTRIES,
WE'VE REDUCED SPENDING THIS
YEAR.
SO WHAT WE'VE DONE IS TAKE
MONEY AWAY FROM WHAT WE
CONSIDER TO BE OUR
NON-PRIORITY AREAS, AND PUT IT
INTO OUR PRIORITY AREAS.
AND THAT INCLUDES THOSE THINGS
I JUST MENTION.

Steve says MINISTER THIS BEGS
ANOTHER COMMENT FROM ONE OF
YOUR FRIENDS OUT THERE, OKAY,
MAYBE ONE OF YOUR CRITICS,
RICH WHY MAN SPOKE TO HIM AS
WELL AFTER THE BUDGET WAS
BROUGHT DOWN AND HE, TOO,
THOUGHT YOU WERE ESCAPE
GETTING THE POOR FOR LACK OF A
BETTER EXPRESSION.
LET'S LISTEN TO WHAT HE HAS TO
SAY AND WE'LL COME BACK AFTER.
ALLAN IF

The clip rolls with a caption that reads "Blaming the Poor."

Rich Whyman appears on screen with a caption that reads "Rich Whyman, Ontario Coalition Against Poverty." Rich is in his thirties, has short, straight brown hair covered up by a cap, is clean-shaven, and wears a black T-shirt.

Rich Whyman says THEY'VE BASICALLY SAID THAT
HELLO, BAY STREET, HERE WE
ARE, WHAT DO YOU WANT US TO
DO.
WE'RE GOING TO LOWER TAX AND
OPEN THIS UP, AND WE'RE GOING
TO CREATE THOUSANDS OF JOBS
AND AT THE SAME TIME, THEY
SQUEAK IN THEIR USUALLY ESCAPE
GOGT INTO THE CERTAINLY
SERVICE BUDGET, FIND YOUR OWN
WELFARE CLAIMS AND THINGS LIKE
THAT ARE ONE OF THE BIG
PROBLEMS, WHICH IS JUST CRAP.

Steve says HIS OPINION, YOU'VE
TURNED YOUR BACK ON THE
NEEDIEST, ON THOSE WHO COULD
USE YOUR HELP THE MOST.
AND I SPOKE TO JANET DAVE
FRIDAYS THE ONTARIO COALITION
FOR BETTER CHILD CARE, AND SHE
TOO, WAS SAYING YOU BROKE MANY
PROMISES ON CHILD CAR.
IS SHE WRONG?

Floyd Laughren says SHE SURE IS.
OUR EXPENDITURES ON CHILD
CARE, I'VE FORGOTTEN THE
PERCENTAGE NOW, BUT ARE UP A
HUGE AMOUNT IN THE LAST FOUR
YEARS.
NO GOVERNMENT HAS DONE THAT.
WE CAN'T AFFORD TO EVERYTHING.
THERE'S NO QUESTION ABOUT
THAT.
AND THAT'S TRUE OF -- ON ANT
AN-POVERTY ACTIONS AS WELL.
ON THE LAST BUDGET, WE TOOK
SOMETHING LIKE 50,000 PEOPLE
OFF -- LOW INCOME PEOPLE OFF
THE TAX ROLLS, ENTIRELY.
SO WE'VE DONE A LOT.
AND I KEEP -- I REMIND YOU AS
WELL, THAT WE DIDN'T REDUCE
OUR LEVEL OF BENEFITS TO
PEOPLE ON SOCIAL ASSISTANCE.
WE HUNG TOUGH WITH THAT.
DESPITE THE FACT THAT THE
CASELOADS HAVE GONE THROUGH
THE ROOF THIS RECESSION,
ALMOST TRIPLE.
AND WE'RE SPENDING ABOUT 6
BILLION DOLLARS A YEAR NOW ON SOCIAL
ASSISTANCE.
I MEAN, WE'VE REALLY TRIED NOT
TO SCAPEGOAT THE POOR.
AND NOT TO BLAME VICTIMS WHO
FIND THEMSELVES IN THAT
SITUATION BECAUSE...

Steve says WE SHOULD SAY FOR
THE RECORD...

Floyd Laughren says IT'S NOT THEIR FAULT.

Steve says FOR THE RECORD, YOUR
BUDGET SAYS YOU'VE INCREASED
THE NUMBER OF CHILD CARE
SPACES BY 47 PERCENTSINCE 1990,
BRINGING TO THE TOTAL MORE
THAN 68,000 PACES THIS YEAR,
SO THAT'S WHAT THE RECORD
SAYS.

Ian Scott says ISN'T THE TRUTH,
TREASURER, WHILE THE BUDGETS
IS A USEFUL EXERCISE TO TELL
YOU ABOUT TAXES, AND TO TELL
YOU ABOUT GLOBAL ITEMS LIKE
DEFICITS AND THAT SORT OF
THING, AND TO GIVE YOU SINGLE
LINES.
IT'S NOT VERY USEFUL EXERCISE
FOR DEVELOPING PROGRAMS, AND
SPELLING OUT WHAT THEY ARE.
AND PEOPLE EXPECT THAT, AND
PERHAPS IN SOME FAIRNESS TO
YOU, IT SHOULD BE SAID THAT
THE BUDGET IS IN ITSELF ISN'T
A VERY EFFECTIVE MECHANISM FOR
DOING THAT. WOULD YOU AGREE
WITH THAT?

Floyd Laughren says YES, I WOULD.
WHAT I THINK IT IS A GOOD
VEHICLE FOR, THOUGH, IAN, IS
FOR ANNOUNCING NEW PROGRAMS,
OR NEW CHANGES IN THE TAX
SYSTEM.
THINK YOU'RE IMPLYING THAT.

Ian Scott says I WAS TRYING TO
GET IT OUT AND YOU DIDN'T
ANNOUNCE ALL THAT MANY NEW
PROGRAMS.

Sally Barnes says YOU CAN USE
ALL THE HELP YOU CAN GET.

Floyd Laughren says WE DID WHAT WE COULD ON THE
PROGRAMS WITH THE TAX
REDUCTIONS AND SO FORTH.
BUT I THINK WHAT PEOPLE -- I
HAD QUITE AN EXTENSIVE SERIES
OF WHAT WE CALL PREBUDGET
CONSULTATIONS AROUND THE
PROVINCE THIS YEAR.
AND WHAT PEOPLE WERE TELLING
ME WAS VERY CLEAR, WHAT PEOPLE
WERE TELLING ME, THE BUSINESS
COMMUNITY WAS SAYING, GIVE
US -- THE SMALL BUSINESS
COMMUNITY, GIVE US MORE ACCESS
TO CAPITAL, AND IF YOU CAN DO
ANYTHING ON THE PAYROLL TAX
SIDE, DO IT.
WE DID THAT WITH THE EMPLOYER
HEALTH TAX REDUCTION.
THE CONSUMERS OUT THERE, THE
AVERAGE CITIZEN OUT THERE WAS
TELLING US TWO THINGS AS WELL,
THEY WERE SAYING, FOR HEAVEN'S
SAKE, DON'T INCREASE TAXES
AGAIN THIS YEAR.
AND SECONDLY, WHATEVER YOU DO,
KEEP YOUR SPENDING UP.
IF YOU HAVE TO DO SOME OTHER
THINGS THAT ARE TOUGH, KEEP
YOUR SPENDING UP ON EDUCATION
AND IN HEALTH CARE.
THOSE SEEM TO BE UNTOUCHABLE
IN THE MINDS OF MOST ONTARIO
CITIZENS.
AND WE LISTENED TO THEM.

Steve says MR. LAUGHREN, I
DON'T KNOW IF THIS IS OF ANY
INTEREST TO YOU AT ALL, BUT
THE CONSENSUS AMONG THE
REPORTERS COVERING YOUR BUDGET
TODAY WAS THAT THIS WAS NOT
YOUR LAST BUDGET BEFORE THE
NEXT ELECTION.
YOU KNOW, THOSE WHO CLAIM TO
KNOW ABOUT THESE THINGS,
BECAUSE THEY'VE SEEN PATTERNS
IN YEARS PAST SAY, THAT THIS
ENABLES YOU TO BRING IN YET
ANOTHER EVEN SWEETER BUDGET
NEXT SPRING, BEFORE GOING TO
THE PEOPLE IN LATE SPRING OR
FALL.
DO YOU WANT TO JUST COMMENT ON
THAT.
WHAT DO YOU THINK ABOUT THAT
ANALYSIS?
GEE, I THINK IT'S NOT BAD...
NOT A BAD ANALYSIS.
THE -- I BELIEVE IF THE
PREMIER DECIDES THAT WE SHOULD
GO TO THE PEOPLE, AND WE HAVE
TO GO BY THE FALL OF 1995, AS
MOST PEOPLE UNDERSTAND, I'D BE
QUITE HAPPY TO HIT THE TRAIL
WITH THIS BUDGET IN MY POCKET.

Steve says IF THOSE NUMBERS,
THE IMMEDIATE NUMBERS COMING
UP ARE AS ROSEY AS YOU SAY
THEY ARE, YOU'D BE HAPPIER TO
WAIT FOR SPRING.

Floyd Laughren says THAT'S CORRECT, BUT I DON'T
THINK THAT WILL BE THE
DETERMINATION.
IT WILL BE TIMING OF THE
BUDGET CALL THAT WILL
DETERMINE WHETHER OR NOT WE
HAVE ANOTHER BUDGET.
OBVIOUSLY -- I THINK
OBVIOUSLY, ANYWAY, IF WE WERE
TO GO EARLIER IN 1995 RATHER
THAN LATE, PERHAPS THERE WOULD
NOT BE A BUDGET.
IF WE GO LATER, THEN I THINK
IT WOULD BE ALMOST A
REQUIREMENT TO GO...

Sally Barnes says MR. LAUGHREN,
A LOT OF THIS DOESN'T MEAN A
WHOLE LOT TO A WHOLE LOT OF
PEOPLE WATCHING US, BUT I
THINK ONE THING THEY DO
UNDERSTAND IS IF YOU HAVE A
LOUSY CREDIT RATING YOU PAY A
HIRE RATE.
AND SINCE YOU FOLKS CAME TO
OFFICE, YOU'VE DROPPED, WHAT,
THREE TIMES THE CREDIT RATING.
I HAVE A FRIEND WHO WANTS TO
BET ME A BOTTLE OF WINE, WHICH
I'LL PASS ON TO YOU, THAT
YOU'RE GOING TO LOSE IT AGAIN
AFTER TODAY'S BUDGET.
AM I GOING TO HAVE TO PAY UP,
DO YOU THINK?

Floyd Laughren says I DON'T THINK WE'RE GOING
TO LOSE OUR CREDIT RATINGS IS
GOING TO DROP, SALLY, BUT THAT
REALLY IS THEIR CALL.
I'LL BE SIR PLEASED IF THEY
DO, QUITE FRANKLY.
NOW, THERE'S SOME DIFFERENCES
IN THE CREDIT RATINGS AMONG
THE CREDIT RATING AGENCIES AT
THIS POINT.
SO WHETHER OR NOT THERE'S A
LEVELLING OUT OF THE ONES WHO
ARE HIGHER, OR LOWER THAN
OTHERS, I DON'T KNOW THAT.

Janet Solberg says SOME OLD THIS ALLOWS ME TO GET
IN MY RANT OF THE EVENING,
WHICH IS, PRIOR TO THIS
BUDGET, THE HE IS SEEMED
ECONOMISTS AND THE BANKING...
BUSINESS SECTOR OF THIS
COUNTRY STARTED ATTACKING
FLOYD LAUGHREN FOR PHONY
FIGURES AND CALLING HIM A
LIAR, WHEN IN NINE YEARS OF
CONSERVATIVE GOVERNMENT THEY
NEVER DID THIS TO DON
MAZANKOWSKI OR MICHAEL WILSON,
EVEN THOUGH THEY WERE OUT BY 5
TO 10 BILLION DOLLARS A YEAR IN THEIR
DEFICIT PROJECTIONS, WHICH IS
A CLEAR INDICATION TO ME THIS
ISN'T OBJECTIVE CREDIT RATING
AT ALL.
THIS ISN'T OBJECTIVE ANALYSIS,
THIS IS VERY POLITICAL.

Steve says LET'S SET UP...

Ian Scott says THE OLD-LINE
POLITICIAN.

Floyd Laughren says I MUST SAY, I AM SOMETIMES
SURPRISED COMMENTS ABOUT OUR
DEFICIT.
I MEAN, THE FEDERAL
GOVERNMENT, AND IT WAS THE
TORIES WHO DID IT, THEY'VE
GONE FROM A DEFICIT THIS YEAR
WAS SUPPOSED TO BE 32 BILLION,
UP TO 45 BILLION DOLLARS.
WE GO FROM 9 POINT 2 TO 9 POINT 4 AND
PEOPLE RAISE THEIR ABRUCE.
THERE'S A HUGE DIFFERENCE.

Steve says I'VE GOT TO JUMP IN
AND RAISE MY EYEBROWS AND SAY,
MINISTER OF FINANCE, THANKS
VERY MUCH FOR JOINING US FROM
QUEENS PARK TONIGHT, WE
APPRECIATE IT.

Floyd Laughren says THANK YOU, STEVE, GOOD TO
TALK TO YOUR COLLEAGUES.

Steve says WE WANT TO HEAR YOUR
COMMENTS ABOUT THIS PROGRAM,
SO PLEASE WRITE US AT:

A person opens a small laptop where a screen reads "4th reading, Box 200, STN Q, Toronto, Ontario, M4T 2T1."

The caption changes to "Internet, fourth underscore reading at tvo.org."

Steve says AND WE WILL READ SOME OF YOUR
LETTERS FROM EITHER COMPUTER
OR CANADA POST NEXT WEEK.
WE LEAVE YOU TONIGHT WITH
IMAGES OF THE FINANCE MINISTER
BRINGING DOWN BUDGET IN THE
LEGISLATURE.
THANKS, MUCH TO ALL OF YOU
FOLKS, AND WE'LL SEE YOU NEXT
WEEK, TOO.

As Floyd Laughren speaks, the credits roll.

Floyd Laughren says WE ARE MOVING FORWARD WITH
TRANSIT INVESTMENTS AND
INNOVATIVE JOB PROGRAMS.
WE ARE SUPPORTING FIRMS THAT
ARE INVESTING IN ONTARIO AND
CREATING NEW MARKETS AROUND
THE WORLD.
THIS GOVERNMENT IS PROVIDING
AFFORDABLE SERVICES AT WORK...
THAT WORK.
VITAL PUBLIC SERVICES LIKE
EDUCATION AND MEDICARE ARE
BEING IMPROVED, AND RESERVED.
THIS GOVERNMENT IS GETTING
BETTER VALUE FOR TAX DOLLARS.
SPENDING IS UNDER CONTROL, AND
THE DEFICIT IS DOWN.
WE ARE ON TRACK TO BALANCE THE
OPERATING BUDGET IN 1998.
THERE ARE NO NEW TAXES, NO TAX
INCREASES, THE GOVERNMENT'S
PLAN IS WORKING.
WE ARE BUILDING A STRONGER
ONTARIO FOR TODAY AND…

Host, Steve Paikin.
Show Producer, Susanna Kelley.
Story Editor, Richard Martyn.
Production Manager, Wally Teska.
Director, Allan Myers.

A production of TVOntaro, copyright The Ontario Educational Communications Authority 1994.

Watch: Fourth Reading IV - Budget Special