Comment history

Abrams says...

URCA will lose this one. It has no jurisdiction in whole or in part. Waste of tax payers money.

Truth be told, URCA really has nothing much to do. It's human resources likely spend 90% of their time idle, effectively getting paid for doing nothing.

Abrams says...

Do you ever have anything nice to say about anyone? Wow. I wonder who you are? Hiding behind a fictitious name. You really must stop with the libelous and malicious comments. By the way, "are you God or one of his Angels?"

Abrams says...

Incredulous. When will the blaming stop and the FNM get to work and address the many issues facing the Bahamas.

It is sickening to constantly hear the previous government did this or that. Just do the job you were elected to do since you guys are soooooo smart with the answers for all.

Frankly, the electorate largely thinks the FNM has no plan other than to blame. Not good governance.

Stop being cry babies and get to work.

On Turnquest: Real deficit $695m

Posted 6 October 2017, 10:48 a.m. Suggest removal

Abrams says...

I agree with most of the comments made. It is unfortunate that these SWAGS (sophisticated wild ass guess(es)) by a person(s) that is / are meant to be an authority(ies), are allowed to be published. They are taken as fact by a public that is now vengeful, bruised, unforgiving and spewers of vitriol who operate on the aphorism of "never let the facts spoil a good story!". Succinctly, no matter how one slices and dices, there is absolutely no way the Bahamas Government is losing $80 million annually or 3% of the 2017-2018 $2.67 billion recurrent expenditure due to salaries and wages being paid to phantoms and other fictitious employees. NO WAY. The $80 million may be an overall figure when one considers all categories of expenditure and Government waste but certainly not isolated to salaries only of $650 million annually, of which $80 million is 12.3%. Further translated, assuming the average Government employee makes $25,000 annually, $80 million represents 3,200 phantom / fictitious employees. NO WAY. The cumulative effect over the past 5 years would be $400 million. If this on the very remote chance ever proves to be the case, from the Financial Secretary down to the entire Treasury Staff, should be fired. Of course, it would take a well trained Price Waterhouse ,man like Peter Turnquest, to uncover what folks from the other Big 4 accounting firms whom are its offspring, could not. In auditing, it is done through a simple test of what we call "Full and False Inclusion testing!"