50% inflation for boat builders in 2 years? I think not Tal. Your second option is the one that is the winner. Someone is pocketing a windfall.
Do we even know who bid on this? Was this an open and transparent bidding process with requests for proposals, or public tenders? No, it was another backroom deal. Just another corrupt dealing to add to the growing list.
I suggest you have a look at B_I_D__'s comments here on inflation. Or perhaps even do the math yourself because you're looking at 50% inflation in 2 years.
Proper fiscal management is the key here. No matter how many taxes we have, no matter how high the rate, we will still be in debt because our governments do not understand how to be responsible with money. They will just keep borrowing more money and incurring more debt.
It's not the leaders who are mindless idiots. It's us, the citizens. These leaders readily admit to corruption, abuse of power, mismanagement etc, yet only a few quiet voices of objection are ever heard from the people. The leaders know that we will do nothing.
I think we must give Gibson some due though. He is the only politician I've seen who has shown any restraint in spending our money. I can't fault him trying to conserve.
I have to give Minister Gibson credit. He seems to be the only minister in the government who is showing any restraint with the public's money. He even understands that this money belongs to the Bahamian people. We would be in such a better situation if the other ministers could understand fiscal restraint.
More government waste. Unnecessary spending at the expense of tax payers. Every time we turn around the government, who is trying to take more and more from the people, is spending money it doesn't have. We need to wake up. The Bahamas is being run into the ground and the politicians in charge will not care. They will have taken everything they can from this country before it's over.
Corruption! As a lawyer, has Davis never heard of an arms length transaction, do he not understand the concept of a conflict of interest?
These is no transparency in the government, and it's time for the people to demand it. Enough backroom deals have been made where only the people in the room benefit to the detriment of the Bahamian people. It's time to put an end to this!
The level of corruption in our government is out of control. It's not even hidden, it's out in public, in plain view to see, with only simple denials by those benefiting from it.
Yet we hold no one accountable. Bahamaland is being run into the ground to line the pockets of the people we are to lazy to hold accountable. This country will never be more than a third world banana republic until we hold ourselves to a higher standard.
newcitizen says...
50% inflation for boat builders in 2 years? I think not Tal. Your second option is the one that is the winner. Someone is pocketing a windfall.
Do we even know who bid on this? Was this an open and transparent bidding process with requests for proposals, or public tenders? No, it was another backroom deal. Just another corrupt dealing to add to the growing list.
On FNM questions $29m extra cost for two fewer ships
Posted 20 March 2014, 4:31 p.m. Suggest removal
newcitizen says...
I suggest you have a look at B_I_D__'s comments here on inflation. Or perhaps even do the math yourself because you're looking at 50% inflation in 2 years.
On FNM questions $29m extra cost for two fewer ships
Posted 20 March 2014, 4:27 p.m. Suggest removal
newcitizen says...
Proper fiscal management is the key here. No matter how many taxes we have, no matter how high the rate, we will still be in debt because our governments do not understand how to be responsible with money. They will just keep borrowing more money and incurring more debt.
The spending has to stop!
On Accountants urge 7.5% VAT combined with 3% worker, company taxes
Posted 20 March 2014, 4:06 p.m. Suggest removal
newcitizen says...
Baby steps...
On Customs staff ‘replaced or sent home’ after refusing to work
Posted 20 March 2014, 10:56 a.m. Suggest removal
newcitizen says...
You are right, we need to hold our elected leaders accountable. They work for us!
On Gibson: Customs officers deserve raises - but we don’t have the money
Posted 20 March 2014, 10:52 a.m. Suggest removal
newcitizen says...
It's not the leaders who are mindless idiots. It's us, the citizens. These leaders readily admit to corruption, abuse of power, mismanagement etc, yet only a few quiet voices of objection are ever heard from the people. The leaders know that we will do nothing.
I think we must give Gibson some due though. He is the only politician I've seen who has shown any restraint in spending our money. I can't fault him trying to conserve.
On Gibson: Customs officers deserve raises - but we don’t have the money
Posted 20 March 2014, 10:50 a.m. Suggest removal
newcitizen says...
I have to give Minister Gibson credit. He seems to be the only minister in the government who is showing any restraint with the public's money. He even understands that this money belongs to the Bahamian people. We would be in such a better situation if the other ministers could understand fiscal restraint.
On Gibson: Customs officers deserve raises - but we don’t have the money
Posted 20 March 2014, 10:44 a.m. Suggest removal
newcitizen says...
More government waste. Unnecessary spending at the expense of tax payers. Every time we turn around the government, who is trying to take more and more from the people, is spending money it doesn't have. We need to wake up. The Bahamas is being run into the ground and the politicians in charge will not care. They will have taken everything they can from this country before it's over.
On Chipman says consulate office is 'unnecessary'
Posted 20 March 2014, 10:29 a.m. Suggest removal
newcitizen says...
Corruption! As a lawyer, has Davis never heard of an arms length transaction, do he not understand the concept of a conflict of interest?
These is no transparency in the government, and it's time for the people to demand it. Enough backroom deals have been made where only the people in the room benefit to the detriment of the Bahamian people. It's time to put an end to this!
On Govt's landfill partner majority foreign-owned
Posted 20 March 2014, 10:18 a.m. Suggest removal
newcitizen says...
The level of corruption in our government is out of control. It's not even hidden, it's out in public, in plain view to see, with only simple denials by those benefiting from it.
Yet we hold no one accountable. Bahamaland is being run into the ground to line the pockets of the people we are to lazy to hold accountable. This country will never be more than a third world banana republic until we hold ourselves to a higher standard.
On $1m gift 'did not affect South Ocean decision'
Posted 20 March 2014, 10:11 a.m. Suggest removal