big government is the root of all evil. let the Unions have their way with private employers and watch as one by one they fold up. its fundamental to operating a business that he who has the gold, makes the rules. after all, its his gold. The writing is on the wall for us all, just a matter of time now before we strike bottom..

If this is accurate information, the decision to drop out and self-insure makes sense. As always, it begs the question why nobody seemed to understand the criteria to be eligible to claim before now? We are in the hole $9.0m with no payback meanwhile, Haiti appears to have done quite well in terms of claims versus premiums paid. I mean who the hell vets government papers before signing onto programs? It seems we are always being 'stiffed'.

An unusually humble comment from brother Ferguson... not too long ago he and his brethren threatened to put a gun to the Bahamas economy and shut it down.. wow how times change..

Sorry for our kids.. the future looks bleak..

No matter how you make it look, $7.0b+ is still owed and has to be repaid by a country that increasingly is heading to a position of being unable too.

The glory days for the Bahamas are long gone due to successive incompetent governments. If you read what outside agencies and experts write, it's only a matter of time now before the bottom completely falls out. What a shame.

It's time like this when you wish you had some of that $600m wasted on Bahamasair or the $400m + in BEC from all the political rate adjustments or God knows how much at ZNS, etc. all services that could have been efficiently provided by private businesses these last 40+ years. The chickens have come home to roost and now we all have to pay the price. FNM and DNA say no new taxes but how the hell else you will get the money? Any talk about reducing wastage and public spending is just wishful thinking. That's why we have to get out of this big government mentality.

The problem with the Bahamas is this long-entrenched practice that demands secrecy in everything and only politicians being allowed to utter anything of substance publicly. Look at our nearest neighbor.. people riot, you see the Police Chief having a news conference. A plane drops from the sky, the NTSB provides details. Not to say politicians don't poke their way into things, after all they are publicity seekers. But factual info should come from the subject matter experts.

i'm not chinese and i feel embarrassed by this sum of money.. maybe a typo in the cable from Bejing and was supposed to be $500k?

These tings always go deeper than they appear. Each side gives bits and pieces of information to put them in the most favorable light. Management has to cover government and the Union sniffs opportunity to move in for the kill on management. Politicians see it as campaigning material.. such is the nature of democratic society I suppose.