Electricity off, water off, sometimes BTC off, no leadership in sight. No leadership whatsoever. As KB says, Jokey Leaders. Stuffing their own pockets, while their people perish. Those who can read, see this day in and day out in this very paper. And no comments allowed for Adrian's escapades. A country, or a circus?
You are exactly right. Further, we have no idea of what collateral has been put up to secure these loans. As well, the Structural Adjustment Programs in store for The Bahamas will create chaos, social unrest and certain impoverishment for the majority of Bahamians in this country. Halkitis, Simon, Davis and the whole ignorant PLP administration are a major part of this problem.
"If fiscal and financial market conditions worsen in the medium-term, The Bahamas could face difficulties in reducing these large financing needs.” Michael Halkitis, minister of economic affairs, told yesterday’s media briefing at the Prime Minister’s Office that rising global interest rates had resulted in the Government incurring higher-than-expected debt servicing costs on its US dollar debt."
And, with impeccable timing given that the Government unveiled its 2024-2025 Budget just 48 hours ago, the IDB joined those voicing scepticism that it will meet even its revised deficit and other estimates for the current 2023-2024 year that closes at end-June.
However, the Davis administration has repeatedly contradicted the IDB’s stance by stating that it has no plans for new and/or increased taxes and, indeed, the 2024-2025 Budget contains no such proposals.
It is unclear how the IDB has formed the conclusion that the Government “recognises” that tax compliance and enforcement measures will be insufficient by themselves to meet its fiscal goals.
Here's what we can say for sure. All governments lie. When the public becomes so ignorant that they cannot do math or ask the pertinent questions, leaders such as those we currently have in place in The Bahamas, can and do lie with little to no push back, even from our business news reporters.
Currently, we are at the mercy of a group of ill-suited "financial experts" who already have made plans for abandoning this country, just like when they need medical care. The Bahamas is in for a rough ride these next few years due solely to the selfish group of politicians and advisors who only think about their own self interest. Quite frankly, while not pleasant to say, The Bahamas is screwed. Whether from the effects of the next hurricane, the collapse of our fisheries, the collapse of our infrastructure, rising global interest rates, or a number of other factors we haven't yet encountered, or considered. We have allowed the Bahamian public to become so ignorant and corrupt that our children do not have a chance in hell of calling The Bahamas home in the coming decades. The writing is on the wall, if we could find anyone to read.
I think you're exactly right. When we only focus on the money, we get what we deserve. I know that some people say they will not open another business here because of the chronic shortage of human capital. We have evolved into a country where we only want a job, not the opportunity to do a job. Any employer knows this is true. The political system in this country has created the situation of low productivity and a workforce unable to compete to global standards. The brain drain began some years ago, and it will get worse before it gets better. Our educated kids rarely come home. What would they come home to?
Porcupine says...
Electricity off, water off, sometimes BTC off, no leadership in sight.
No leadership whatsoever.
As KB says, Jokey Leaders.
Stuffing their own pockets, while their people perish.
Those who can read, see this day in and day out in this very paper.
And no comments allowed for Adrian's escapades.
A country, or a circus?
On Eleuthera Chamber of Commerce concerned over reliable electricity and water supply
Posted 2 June 2024, 6:07 p.m. Suggest removal
Porcupine says...
Hope and pray has been tried before.
Actually, that is all we have left, since the entire country seems corrupted beyond redemption.
On $500m swing in forecast prompts call for answers
Posted 31 May 2024, 2:02 p.m. Suggest removal
Porcupine says...
You are exactly right.
Further, we have no idea of what collateral has been put up to secure these loans.
As well, the Structural Adjustment Programs in store for The Bahamas will create chaos, social unrest and certain impoverishment for the majority of Bahamians in this country.
Halkitis, Simon, Davis and the whole ignorant PLP administration are a major part of this problem.
On IDB warns Bahamas over due $900m external loans
Posted 31 May 2024, 1:59 p.m. Suggest removal
Porcupine says...
"If fiscal and financial market conditions worsen in the medium-term, The Bahamas could face difficulties in reducing these large financing needs.” Michael Halkitis, minister of economic affairs, told yesterday’s media briefing at the Prime Minister’s Office that rising global interest rates had resulted in the Government incurring higher-than-expected debt servicing costs on its US dollar debt."
And, with impeccable timing given that the Government unveiled its 2024-2025 Budget just 48 hours ago, the IDB joined those voicing scepticism that it will meet even its revised deficit and other estimates for the current 2023-2024 year that closes at end-June.
However, the Davis administration has repeatedly contradicted the IDB’s stance by stating that it has no plans for new and/or increased taxes and, indeed, the 2024-2025 Budget contains no such proposals.
It is unclear how the IDB has formed the conclusion that the Government “recognises” that tax compliance and enforcement measures will be insufficient by themselves to meet its fiscal goals.
Here's what we can say for sure. All governments lie.
When the public becomes so ignorant that they cannot do math or ask the pertinent questions, leaders such as those we currently have in place in The Bahamas, can and do lie with little to no push back, even from our business news reporters.
Currently, we are at the mercy of a group of ill-suited "financial experts" who already have made plans for abandoning this country, just like when they need medical care. The Bahamas is in for a rough ride these next few years due solely to the selfish group of politicians and advisors who only think about their own self interest.
Quite frankly, while not pleasant to say, The Bahamas is screwed.
Whether from the effects of the next hurricane, the collapse of our fisheries, the collapse of our infrastructure, rising global interest rates, or a number of other factors we haven't yet encountered, or considered.
We have allowed the Bahamian public to become so ignorant and corrupt that our children do not have a chance in hell of calling The Bahamas home in the coming decades.
The writing is on the wall, if we could find anyone to read.
On IDB warns Bahamas over due $900m external loans
Posted 31 May 2024, 12:57 p.m. Suggest removal
Porcupine says...
The bottom line is that you cannot believe anything that comes from the mouth of a Bahamian official.
Most especially the Ministry of Finance.
On $500m swing in forecast prompts call for answers
Posted 31 May 2024, 10:27 a.m. Suggest removal
Porcupine says...
I think you're exactly right.
When we only focus on the money, we get what we deserve.
I know that some people say they will not open another business here because of the chronic shortage of human capital. We have evolved into a country where we only want a job, not the opportunity to do a job.
Any employer knows this is true.
The political system in this country has created the situation of low productivity and a workforce unable to compete to global standards.
The brain drain began some years ago, and it will get worse before it gets better.
Our educated kids rarely come home. What would they come home to?
On Permanent residency reform labelled ‘huge’
Posted 31 May 2024, 7:26 a.m. Suggest removal
Porcupine says...
"Not everything in this this country is political."
You serious? Ha ha ha
On OPM condemns verbal 'attack' by reporter
Posted 30 May 2024, 8:26 p.m. Suggest removal
Porcupine says...
https://www.youtube.com/watch?v=syXSPYr…
On Ceasefire is wishful thinking
Posted 30 May 2024, 8:24 p.m. Suggest removal
Porcupine says...
Don't worry, Davis will be off to Florida when the time is right.
On High-end real estate’s VAT underperform ‘shocking’
Posted 30 May 2024, 7:55 p.m. Suggest removal
Porcupine says...
Always nice to see the thugs from the criminal class show their true colors.
And, the little thugs defending them.
On OPM condemns verbal 'attack' by reporter
Posted 30 May 2024, 7:51 p.m. Suggest removal