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How much should you care about the provincial deficit?

$12.5 billion.

That's the projection for Ontario's deficit this fiscal year, and it's a major pre-occupation of all three major political parties. The Progressive Conservatives say they can balance the budget in two years - with austerity and job cuts in the public sector. The Liberals and the NDP say they'd take an extra year but avoid extreme cost cutting.


But how big a concern should the deficit be to voters? For a look at that question we were joined by Mike Moffatt, an assistant professor in the business, economics and public policy group at Ivey Business School.


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