Comment history

Lil242 says...

Your, 100% correct. One thing I give the new PM credit for is admitting the truth about the state of the country's debt crisis unlike the dictator . What the average Bahamian fail to realize is the country has been running large budget deficits for 35 plus years and governments have been borrowing to pay old debt an the salaries of the overlarge public sector and other financial obligations. Either the government starts the austerity measures willingly or be force to do so by the IMF. We as Bahamians are a proud people and we love our little Bahama-land and we migrate as skill workers to other countries not as economic refugees. I don't want to be spending hundreds of BSD for a single roll of toilet paper, the first order of business for the new government is stop borrowing from the international banking organizations, and stop issuing these junk status bahamian bonds to fund deficits which has high interest and live within their means, or wait for default to be freeze out the international banking system. One way or the other further social an economic hardship is coming to this country because of the high level of debt, this along with negative GDP growth for the pass 20 years and climate change along covid will erase the way of life we accustom too. At lease the US may not treat bahamians like how they did other nationalities at Del Rio bridge and take the skilled educated Bahamians when the time comes lololololol.