Hows all this endless growth working for the planet tho? Did you see we know have Cat6 huricanes now? Whatever more revenue the govt makes in taxes, is well 4-5X overshot by the bill for a Cat6 huricane. So you can not "grow" your way out of this.
It has not happened yet, so people need to muster the political will to get our finances under control. By having all parties come to the table people can now its just not them who will be asked to give up, but everyone so we can avoid a bankruptcy, the worst of all options.
A great start would be a sale of BEC/BPL to the private sector.
Clearly the treasury can not afford to cover dollar for dollar what everyone wants from it. Someone is just going to have to admit the truth one day.
Our deficits are too high.
It was a huge mistake to have just done VAT, and hiked VAT without also cuts in the civil service and also a reduction in our bonds from debt holders. And this was before Dorian even!
Everyone needs to be at the table and offering things up not just the tax payer/common Bahamian who does not have a gold plated pension/bond holdings. Everyone needs to get to the table it should have happened a long time ago.
We can do this now and the Bahamas can control the outcome or it can do it at the demand of the IMF and it will not control the outcome. Which do people want?
How do you clean up oil spills? How do you clean up a century worth of oil production and leaks in Venezuela (probably take hundreds of billions). It all has an impact, so they key is just to use less energy and use green energy when you do use energy.
St. Eustasisas apparently went 100% solar after their huricane hit a couple years ago. Why are we so utterly behind the curve here? Why has their been such failure in the Bahamas and at BEC? Keep thinking prvitization with binding renewable committments is the way to go.
No mention of climate change in this piece? Didn't know we had time to run out another 50 year lifespan power plant before we finally had to act? Must be something in all those alarming UN reports I missed that says still time to build more fossil fuel plants?
Having shown that the people will in fact do endless bailouts why wouldn't the broader population be saddled with further bailouts so a few can benefit today? What incentive is there that this would not occur?
The only solution, and the one not taken, would be to privitize it today as the only 100% solution to this mess. I remember posting years ago the whole "PowerSecure" management arpproach would never, ever work! BPL must be sold outright!
concerned799 says...
Hows all this endless growth working for the planet tho? Did you see we know have Cat6 huricanes now? Whatever more revenue the govt makes in taxes, is well 4-5X overshot by the bill for a Cat6 huricane. So you can not "grow" your way out of this.
On Fears Bahamas 'on edge of abject failure'
Posted 22 November 2019, 3:53 p.m. Suggest removal
concerned799 says...
Endless growth eh? How's that working out for the planet? Besides, whats the use in more growth if deficits were to just climb with it?
On Fears Bahamas 'on edge of abject failure'
Posted 22 November 2019, 1:39 a.m. Suggest removal
concerned799 says...
It has not happened yet, so people need to muster the political will to get our finances under control. By having all parties come to the table people can now its just not them who will be asked to give up, but everyone so we can avoid a bankruptcy, the worst of all options.
On Fears Bahamas 'on edge of abject failure'
Posted 22 November 2019, 1:36 a.m. Suggest removal
concerned799 says...
A great start would be a sale of BEC/BPL to the private sector.
Clearly the treasury can not afford to cover dollar for dollar what everyone wants from it. Someone is just going to have to admit the truth one day.
Our deficits are too high.
It was a huge mistake to have just done VAT, and hiked VAT without also cuts in the civil service and also a reduction in our bonds from debt holders. And this was before Dorian even!
Everyone needs to be at the table and offering things up not just the tax payer/common Bahamian who does not have a gold plated pension/bond holdings. Everyone needs to get to the table it should have happened a long time ago.
We can do this now and the Bahamas can control the outcome or it can do it at the demand of the IMF and it will not control the outcome. Which do people want?
On Fears Bahamas 'on edge of abject failure'
Posted 21 November 2019, 3:12 p.m. Suggest removal
concerned799 says...
How do you clean up oil spills? How do you clean up a century worth of oil production and leaks in Venezuela (probably take hundreds of billions). It all has an impact, so they key is just to use less energy and use green energy when you do use energy.
On Bahamas is 'so far behind curve' on renewable goal
Posted 18 November 2019, 2:15 p.m. Suggest removal
concerned799 says...
St. Eustasisas apparently went 100% solar after their huricane hit a couple years ago. Why are we so utterly behind the curve here? Why has their been such failure in the Bahamas and at BEC? Keep thinking prvitization with binding renewable committments is the way to go.
On Bahamas is 'so far behind curve' on renewable goal
Posted 18 November 2019, 1:48 a.m. Suggest removal
concerned799 says...
Sounds like we (and the planet) need one or a couple of those 30MW solar plants like they have in Jamaica and not LNG plants!
On Bahamas is 'so far behind curve' on renewable goal
Posted 17 November 2019, 10:02 p.m. Suggest removal
concerned799 says...
No mention of climate change in this piece? Didn't know we had time to run out another 50 year lifespan power plant before we finally had to act? Must be something in all those alarming UN reports I missed that says still time to build more fossil fuel plants?
On Shell open to new power plant IPO
Posted 14 November 2019, 3:25 p.m. Suggest removal
concerned799 says...
If this is true, is privitization not the only answer?
On EDITORIAL: BPL is walking a fine line with new charge
Posted 8 November 2019, 1:13 p.m. Suggest removal
concerned799 says...
Having shown that the people will in fact do endless bailouts why wouldn't the broader population be saddled with further bailouts so a few can benefit today? What incentive is there that this would not occur?
The only solution, and the one not taken, would be to privitize it today as the only 100% solution to this mess. I remember posting years ago the whole "PowerSecure" management arpproach would never, ever work! BPL must be sold outright!
On EDITORIAL: BPL is walking a fine line with new charge
Posted 8 November 2019, 1:12 p.m. Suggest removal