Log In

Reset Password
BERMUDA | RSS PODCAST

Election borrowing

July 2, 2011Dear Sir,The PLP are quick adaptors when it comes to General Elections. They know they are going to be attacked on their financial mismanagement, education and crime, and justifiably so, so what have they done:Borrowed more money to give Civil Servants a pay rise.Borrowed more money to give BIU workers a pay rise.Borrowed more money to give our senior citizens a pension rise despite, I believe, saying just last year that they had received so much more than inflation that it would not be necessary to give them more for some years.Is she going to borrow even more to pay other Government employees as well?By my reckoning, by the time the Premier calls a General Election she would have bought at least 25 percent of the voting public with our money. That is so clever.But hang on, who is going to pay for all this additional borrowing to buy votes? Who will pay the interest and the principal of the never ending ever growing loans? Of course; we the ever shrinking taxpayer base will, because this PLP Government is only able to spend money, not make it.I wonder what a PLP election victory will cost us this time round!SADDENED FOR BERMUDAPembr