While the deficit has been cut sharply, the cost of government operations, including charges for public debt interest, have actually exceeded those racked up during the NDP government's "fiscalamity," which so outraged the Tories when they were in opposition.
2001 — Thomas J. Courchene, "Ontario as a North American Region-State, Toronto as a Global City-Region: Responding to the NAFTA Challenge", in Global City-Regions: Trends, Theory, Policy (ed. Allen John Scott), Oxford University Press (2001), →ISBN, page 158:
Thus, by 1995, Canada's most powerful and populous province was verging on "fiscalamity."
2006— Christopher Stoney, "Still between a Rock and a Hard Place: Local Government Autonomy and Regulation", in Rules, Rules, Rules, Rules: Multilevel Regulatory Governance (eds. G. Bruce Doern & Robert Johnson), University of Toronto Press (2006), →ISBN, page 115:
Thus, 'fiscalamity', 'fiscal sanity cuts', and the 'common sense revolution' were all discursive attempts to justify cuts in public sector spending, services, and jobs to portray alternative policies as completely irrational and inconceivable.
2008 — David MacKinnon, "Equalization a moral failure", The Toronto Star, 26 July 2008:
The word he used is "fiscalamity," a term that captures some of the disastrous impact these federal policies are having on the provincial home of 13 million Canadians.