State of our economy
May 19, 2012
The PLP Government say they have done nothing wrong on the economy and point to Greece as an example of how a country can be badly affected by a worldwide recession. OK, Greece is not too sharp right now and for good reason. Most financial analysts point to the fact that the Greek Government was overspending for years before the worldwide recession hit, so that when income started to decline the budget deficit, the difference between income and spending, had spiralled out of control and the Government had nothing to counter the impact to help those in need. Sound familiar? Bermuda is not too sharp right now for the same reasons.
The PLP, as has been oft said, spent all of our money and then borrowed and spent others money like drunken sailors to leave us almost $1.4 billion in debt, which nobody seems to know how we will ever pay off, as we have to send $115,000,000 overseas every year just in annual interest charges.
ITS GREEK TO THEM
Glass attack woman has sentence reduced
Doubts expressed over City’s clamping stance
Cake pop business is a dream come true
Black Friday crowds take over Hamilton
Beauty queen loves the skin she’s in
Starling proposes Referendum Act amendments
Appeal for toddler who needs surgery
Chewstick loses Elliot Street premises
National Trust: we never owned Moonray Manor
Injury forces Perozzi to hang up gloves
New work permit policy is delayed
Australia mourns death of Hughes
She sees sea shell as Christmas decoration
Take Our Poll
- Which of the following best describes your opinion on how Senior Civil Servant job positions should be granted?
- Senior civil servants should be appointed on a temporary contract renewable basis.
- Senior civil servants should continue to be appointed on a permanent basis
- Don't Know
- Total Votes: 2155
- Poll Archive