this is the problem with BIG government.. we need privatization on a wholesale scale to stop this influence peddling/corruption which is practised by both sides... in the process reduced public spending and debt reduction will benefit all taxpayers...
good decision by AG.. we small outsiders need some protection from egotists using the public platform and privilege of parliament to possibly slander us.. me and you say something we can't prove and we are in great jeopardy.. in a democracy, that principle needs to apply across the board regardless of status..
Much ado about nothing. As far as aviation is concerned, i think it is clear the biggest beneficiaries will be Bahamasair and Nassau Flight Services, entities they (gov't) own. Most likely done as a backdoor subsidy to them and in the process a few crumbs drop to the others. As for whether he knew or not, since they just got elected and it is a PLP budget, that is not so far fetched. If anyone out there really believes these MPs know what is in the budget, we have a bigger awareness problem and more naivety than even i imagined... They read a few lines before time to speak, find a couple words they can twist to suit their speech, then argue for the sake of it afterwards. Finally, people in glass houses shouldn't throw stones. In the history of this Bahamas, no government and some of its representatives believed in hiding information from the public more than the PLP, one of the most secretive governments on earth.
not sure how much benefit we get from MOT programs to fund airlines and hotels where tourists have no interest in visiting, like Freeport for example. tens of millions of dollars for airplanes to fly empty to Freeport. any spend by tourists is a joke compared to govt spend because the numbers are so small.. has to be a better way...
the concern with a bahamasair pullout locally is the players left to fill the gap. they, except for Sky and Western, have sketchy safety history and seems the govt is weak in overseeing them.. bottom line, it could become a gamble flying domestically unless regulatory oversight is significantly improved and aggressively enforced..
The unofficial CIA motto says '..the truth shall set you free'.. if we want to get out of this debt trap, we have to let these sick state supported agencies go and stop being sentimental about it. some will sink and some entrepeneur will rise to replace them.. its the only way.. we just dont have the financial resources to continue down this hopeless path...
the narrative seems to suggest the end to this story is inevitable. we dont have the creative or intellectual ability apparently to grow our country.. good at spending but brain dead when it comes to generating revenue.. definitely the only short term action would be more taxation, but while debt spirals out of control and we continue with zero GDP grow, the gov't keeps saying no new taxes AND elimination of others.. i guess all these years of the D- education standard is catching up with us and yielding expected results..
no surprises here at all. both governments talk about rising debt, credit ratings, cutting expenditure, etc., and what happens? nothing.. we borrow more, spend more and keep throwing good money after bad.. i think the end to this story is glaringly obvious... we're headed for World Bank/IMF intervention. just a matter of time.. how can you keep spending what you do not have?
i have to admit i'm not the sharpest tool in the shed but while the debt rises and we borrow more, we simultaneously cut gov't revenue through tax reductions... thats like applying brakes and pressing the gas at the same time.. u want to ho r stop? with the cheaper ice cream, pastries and chips, how will govt pay for the medicine for all the heart surgery?
Tourism has dreadfully underperformed relative to our regional peers, many of whom are enjoying booming business and its good the M of Finance made this point. we are so far behind and with the high cost, mediocre product offered, i wonder how MOT will address this major deficiency...
Socrates says...
this is the problem with BIG government.. we need privatization on a wholesale scale to stop this influence peddling/corruption which is practised by both sides... in the process reduced public spending and debt reduction will benefit all taxpayers...
On Gibson says PLP govt hired 39 in Long Island ahead of election vote
Posted 16 June 2017, 1:21 a.m. Suggest removal
Socrates says...
good decision by AG.. we small outsiders need some protection from egotists using the public platform and privilege of parliament to possibly slander us.. me and you say something we can't prove and we are in great jeopardy.. in a democracy, that principle needs to apply across the board regardless of status..
On Ex-speaker is surprised at end to appeal
Posted 16 June 2017, 1:15 a.m. Suggest removal
Socrates says...
Much ado about nothing. As far as aviation is concerned, i think it is clear the biggest beneficiaries will be Bahamasair and Nassau Flight Services, entities they (gov't) own. Most likely done as a backdoor subsidy to them and in the process a few crumbs drop to the others. As for whether he knew or not, since they just got elected and it is a PLP budget, that is not so far fetched. If anyone out there really believes these MPs know what is in the budget, we have a bigger awareness problem and more naivety than even i imagined... They read a few lines before time to speak, find a couple words they can twist to suit their speech, then argue for the sake of it afterwards. Finally, people in glass houses shouldn't throw stones. In the history of this Bahamas, no government and some of its representatives believed in hiding information from the public more than the PLP, one of the most secretive governments on earth.
On Turnquest under fire over his link to Sky Bahamas
Posted 9 June 2017, 5:59 a.m. Suggest removal
Socrates says...
not sure how much benefit we get from MOT programs to fund airlines and hotels where tourists have no interest in visiting, like Freeport for example. tens of millions of dollars for airplanes to fly empty to Freeport. any spend by tourists is a joke compared to govt spend because the numbers are so small.. has to be a better way...
On Tourism minister to avoid ‘devastating cannibalisation’
Posted 7 June 2017, 11:02 p.m. Suggest removal
Socrates says...
the concern with a bahamasair pullout locally is the players left to fill the gap. they, except for Sky and Western, have sketchy safety history and seems the govt is weak in overseeing them.. bottom line, it could become a gamble flying domestically unless regulatory oversight is significantly improved and aggressively enforced..
On Sky chief backs domestic route exit by Bahamasair
Posted 7 June 2017, 10:34 a.m. Suggest removal
Socrates says...
The unofficial CIA motto says '..the truth shall set you free'.. if we want to get out of this debt trap, we have to let these sick state supported agencies go and stop being sentimental about it. some will sink and some entrepeneur will rise to replace them.. its the only way.. we just dont have the financial resources to continue down this hopeless path...
On Privatisation is considered for state-run enterprises
Posted 7 June 2017, 10:25 a.m. Suggest removal
Socrates says...
the narrative seems to suggest the end to this story is inevitable. we dont have the creative or intellectual ability apparently to grow our country.. good at spending but brain dead when it comes to generating revenue.. definitely the only short term action would be more taxation, but while debt spirals out of control and we continue with zero GDP grow, the gov't keeps saying no new taxes AND elimination of others.. i guess all these years of the D- education standard is catching up with us and yielding expected results..
On Bahamas facing multi-billion debt rise every five years
Posted 6 June 2017, 10:10 p.m. Suggest removal
Socrates says...
no surprises here at all. both governments talk about rising debt, credit ratings, cutting expenditure, etc., and what happens? nothing.. we borrow more, spend more and keep throwing good money after bad.. i think the end to this story is glaringly obvious... we're headed for World Bank/IMF intervention. just a matter of time.. how can you keep spending what you do not have?
On Moody’s gives alarm on ‘much weaker’ Bahamas
Posted 6 June 2017, 9:40 p.m. Suggest removal
Socrates says...
i have to admit i'm not the sharpest tool in the shed but while the debt rises and we borrow more, we simultaneously cut gov't revenue through tax reductions... thats like applying brakes and pressing the gas at the same time.. u want to ho r stop? with the cheaper ice cream, pastries and chips, how will govt pay for the medicine for all the heart surgery?
On ‘Considerable’ food price falls from duty reductions
Posted 1 June 2017, 10:08 a.m. Suggest removal
Socrates says...
Tourism has dreadfully underperformed relative to our regional peers, many of whom are enjoying booming business and its good the M of Finance made this point. we are so far behind and with the high cost, mediocre product offered, i wonder how MOT will address this major deficiency...
On Minister ‘concerned’ on rating agency reaction
Posted 1 June 2017, 9:58 a.m. Suggest removal