The_Oracle - so damned true. They have got to go one way or another !

A milesone - great news !

This country is in a HUGE mess !

Yeah but it makes them feel good and they need that pat on the back.

sengli02 & well_mudda_take_sic: Several years ago the Cayman Islands Government went to Parliament with a budget shortfall, which they (Government) thought would be fine. Well the Crown had oversight of their finances and told them in no uncertain terms that they could not spend more money than they took in. They immediately imposed a massive increase in Offshore Bank License Fees, to cover the shortfall, but they knew that deficit budgets would never be acceptable under the Crown. We need something in the Constitution to prevent such stuff with harsh penalties for doing it. Zimbabwe cannot use its own currency anymore because it is so worthless. They are using nine currencies from other countries. US Dollars, South African Rand,Botswana Pula,British Pound Sterling,Australian Dollar,Chinese Yuan,Indian Rupees,Japanese Yen. Maybe we can adopt the Haitian Gourde ?

Almost exclusively, everything that is bad or antisocial can be laid at the doorstep of the Progressive Liberal Party. This is just one such. Gambling is another such. Vat. Unpunished thievery from government departments. And finally Perry Christie and the PLP's legacy to the Bahamas. junk status in the worlds credit markets. A real Banana Republic.

Donald d'Albenas is probably rolling over in his grave right now. An opposition fight in an opposition stronghold. Sounds like the new FNM !

**It was the only major development referenced by the Government in its release, which touted the project’s purchase by Chow Tai Fook Enterprises’ (CTFE)** If there was even one foreigner building an out-house soon he would have bragged about it. This Government has screwed its last foreign direct investor I think so this is it. When we outgrow Baha Mar the next generation will have to grow corn and keep sheep and goats. May as well close the schools now and let these kids farm.

*THE government is charting a course of correction and fiscal responsibility, Prime Minister Christie insisted earlier this week as he cautioned those who may be alarmed over the recent decision by international credit rating agency Standard & Poor’s (S&P) to downgrade the country’s credit rating to “junk” status.*
Presumably that is an admission of the Government's prior fiscal **irresponsibility.** We MUST get to a stage in this country where if people in Government or Government Agencies do a poor job that they are personally held liable to repay the losses or do time in the correctional institution. You lose our money we take it back from your personal resources, If you don't have it you go up so for a few years and crack rock.

The IMF will be the THEY that forces the Government of the Day ( plp, fnm, dna, Who's Ya Granny ) to devalue the currency. When we are in need of HARD Currency ( USD ) to buy grits flour and rice we will have to ask them for a borry. And that is when they got us. Read about Jamaica. Jamaicans need 120 Jamaican Dollars to buy 1 US Dollar. Because successive Jamaican Governments did exactly what our Governments have done and continue to do.