george-pilgrim

George Pilgrim October Prediction …

George Pilgrim, General Secretary, Democratic Labour Party

George Pilgrim, General Secretary, Democratic Labour Party

The month of October 2016 will be remembered by the BU household for many reasons. Our friend -or shall we say nemesis- Carl Moore reminded Barbadians who read the Nation newspaper letters to the editors section were reminded about The Hunt for Red October, a must watch for the espionage and Sean Connery fans.

October was an action-packed month in no particular chronology.

There was the twitter generated as a result of the ‘order’ issued by the DEM for a national shutdown and ignored by several companies in Barbados during the passing of Hurricane Matthew. The twitter reached a crescendo when the public learned two high profile companies numbered among those who ‘disobeyed’ the ‘order’, namely Emerald City and Carlton supermarkets AND Moontown, an entity located in St Lucy owned by Minister Denis Kellman. The chatter has abated and there is consensus from the various sector players that there is room to tweak the protocol used by the DEM to inform a national shutdown. Congratulations to all those who participated in fundraising activity to help Haiti affected by yet another natural disaster.

Minister David Estwick’s staged another meaningless press conference to update citizens on the water crisis his ministry has been battling. Barbadians have become numb and embarrassed at the state of water management in Barbados. What we are witnessing is an unprecedented state of affairs. We give kudos to Estwick and his team at the Barbados Water Authority for completing the construction of the spanking 60 million dollar headquarters on the hill. However, the frequent water outages experienced across Barbados in the last 12 months populated the daily news especially in St. Joseph and the surrounding parishes .

“We have to wash these blocks. We can’t be reactive; we have to [be] proactive. If two people are sitting together, break it up … if three people are together, break it up. Before it becomes a big colossal giant that we can’t kill. It becomes a place of growing crime and criminal behaviour.” Who told Reverend Lucille Baird to say that! Her indictment of the blocks sparked the usual 9-day deluge of commentary. BU’s unscientific measure of public sentiment appears to be anti Baird, however, the problem of the youth dropping out the social system remains a thorny issue for civil society.

A biggie in October was the revelation government had agreed to outsource several garbage routes to private waste haulers –including Cherry and the Jose y Jose outfit. The arrangement was stated to be a 6-month arrangement, however, minister Denis Lowe has since clawed back from the 6 month arrangement. Some attribute the government revised position to threatened legal action by citizen advocate David Comissiong who questioned the high fees agreed to by government. Congratulations David C, you are making a difference!

The Rastafari Lashley family charged with home schooling their two children without following due process spelt out under the Education Act struck a nerve with Barbadians. Thankfully Magistrate Douglas Frederick tossed the matter out of his court. A second matter brought by the Child Card Board to make the children wards of the court is all that remains to be dispensed with –with haste.

Not to be accused of focussing on local issues there was a presidential candidate boasting about his prowess with the ladies and feeling emboldened after downing a tic tic to grab them by the p**k*y. There is a huge interest in the reality show playing out in the USA. For some of us we will be happy come Wednesday morning. What a contrast to what occurred in the last election cycle when global citizens were infused with hope after enjoying the political rhetoric delivered by the charismatic Obama.

One of the most popular news items was the sacking of the iMart employee Tammy Edwards aka the ibrow girl. The idiocy revealed by this story does not merit significant blog space. We hope she learned from the experience i.e, that postings on social media must be guided by exercising a modicum of commonsense.

The other story to rival the ibrow girl was the kicking of Akanni McDowall to the kerb to borrow Caswell Franklyn’s description of the ongoing saga.  Why would the government engage in such a visible partisan act on the eve of the 50th anniversary celebration is the height of stupidity. Why disturb the industrial climate at this time when a sensible read of the situation would have shown a wait of 6-weeks would have avoided what is playing out today. All it has done is to force a few of the major unions to adopt the mantra ‘touch one touch all’.

The January to September 2016 Central Bank Economic Review was a rehash of earlier ones delivered in robotic style by Governor Worrell. Nothing was hinted at to inspire Barbadians who have been beaten into submission by the protracted depressed economic performance to coincide with the coming to office by this DLP government. Barbadians appear to be waiting for the next general election to jettison this lot to continue the mulberry bush cycle.

Some have noticed BU did not blog about the BLP Conference. Simply explained, promises are comfort for fools. So far we have not been able to hold political parties accountable for promises made in manifestos or in the case of the BLP, Covenant of Hope. We will wait to observe what Mia is able to achieve in the coming weeks and months.

What piqued BU’s interest in October was the boldfaced prediction by general secretary of the Democratic Labour Party Mia would have had to deal with THREE persons challenging for the leadership at the just concluded BLP conference. Subsequent events have confirmed there was not a single challenge and sadly Pilgrim has not been held to account by his party, the fourth estate, or the citizenry.

This is how we roll!

Tags: , ,

35 Comments on “George Pilgrim October Prediction …”

  1. HAMILTON A HILL November 6, 2016 at 6:16 PM #

    If George Pilgrim wants to get meaningful attention he should grow a pair and tell all Barbados what would have inspired the Minister of finance to feel the need to reaffirm his loyalty to the DLP. Perhaps ah should replace the word inspired wid de word incensed..lol

    Like

  2. ndtewarie November 6, 2016 at 8:16 PM #

    ALL LIVES MATTER

    All lives matter
    You can’t say that!
    Why not?
    It’s not politically correct
    But isn’t it morally correct?
    Well, well! blah blah!
    But you can say black lives matter!
    There’s sorrow there’s death
    The pang of a farewell indefinite
    What about white lives
    There’s peace and joy
    What about brown lives
    And the stars keep smiling
    What about yellow lives
    From the pull of my song you can’t stay far
    What about green lives
    My song sprawls down like a bird in a stormy night
    What about blue lives
    The temple bells will be chiming
    What about pink lives
    The stars will light up one by one
    What about lives of sharks
    My worship with pain is not over
    What about lives of whales
    Let your touch be there all through my life
    What about lives of animals
    Aching for your embrace all else is forsworn
    What about lives of refugees
    My mind has lost its rack
    What about lives of the homeless
    Always sign of want
    What about lives of the poor
    There’s no decay, there is no ending
    What about lives of the down trodden
    Let my eyes’ light drown in thy beauty forever
    What about lives of criminals
    Breaking the lock, I look within my core
    What about lives of babies
    When pain pull my strings, my notes shiver
    What about the lives of women
    The waves vanishing and rising

    THANKS
    NORMAN

    Like

  3. ac November 6, 2016 at 8:38 PM #

    However it is always Nov. Dec . and the coming months , Nothing is surprising when it comes to the BLP flare ups and shouting matches ,The writer of the article should zip lip and let the bees enjoy there few minutes of redemption before the clock runs out
    Tick Tock tick tock tick tock

    Like

  4. Bush Tea November 6, 2016 at 8:53 PM #

    @ AC
    Nothing is surprising when it comes to the BLP flare ups and shouting matches
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
    While this is true, ….what is also not surprising, is the extent to which George Pilgrim looks and sounds like the same kinda jackass as AC…..

    Coincidence….?
    Birds of a feather…..”
    …or is it the same jackass….?

    Ha ha ha
    LOL

    Like

  5. ac November 6, 2016 at 9:56 PM #

    Bush shit

    birds of a feather flocked together Yea that you know too well jas

    Like

  6. David November 7, 2016 at 12:38 PM #

    Hope the yardfowls have heard Sir Frank -one of their own, public statement that the public service is too large and must be cut. He also stated emphatically that the national debt must be cut!

    Hard ears the government did not hear, own way DEM gine feel.

    Like

  7. Walter Blackman November 7, 2016 at 1:14 PM #

    David,
    An individual, with 10 children and 6 women to support, owes the bank $100,000, half of which has been borrowed by other people in his name.

    He works for $5,000 per month, and before he can think about buying food, clothing, or any other necessities, he has to use up $1,500 (30% of his income) per month to pay interest on the loan.

    He struggles valiantly to meet the monthly interest payment because he does not want to default. However, every month, he ends up being unable to meet his financial responsibilities. These long lasting deficits are threatening the survival of his household and are driving him crazy.

    He approaches his financial consultant and is advised to cut the debt. Does that solve his problem?

    Like

  8. Watchman November 7, 2016 at 2:01 PM #

    @ Walter Blackman

    Stop posting stupid scenario and address the real problem, your/the DLP party governance is the problem, the reason you have not hear/see yet is because since your returned from the cold USA you head is still far up your ass

    Like

  9. ac November 7, 2016 at 2:04 PM #

    I meaning there is no individual who does not want to see the debt cut. But the questions which no one wants to face is how and where and what are the realities and challenges to be face during the cutting process
    Unless that high wire economic act can be acheived with little socio econmic shifting or rearranging a social network with a possibilty if turning it upside down
    The question of the debt would remain a bully that few govts can resolved with quickness
    Jamaica has been in an IMF program for years to repair it debt problems but on the flip side the socioenviroment of the country is being ripped apart with blood and gore on the streets as citizens turn on each other seeking answers for survival creating an imposdible situation leaving govt searching and scratching their heads for solutions

    Like

  10. Vincent Haynes November 7, 2016 at 2:26 PM #

    Our education system over the decades has been much vaunted,producing all types of scholars and brainiacs who have lent of their expertise all over the world some even running cities.boroughs/towns with a population far larger than Bim……..might not be a bad idea for this govt to get some of them home and put them to run the country,so they can be shown how to have 10 children and manage the debt.

    Like

  11. millertheanunnaki November 7, 2016 at 2:43 PM #

    @ David November 7, 2016 at 12:38 PM

    So what’s new, David?

    Hasn’t OSA been preaching the same ‘darned’ thing and lost the last election preaching the same sermon from the same pulpit of privatization and divestment in order to reduce the debt?

    Didn’t the same Sir Frank sing the same song from the same hymn sheet when he was Head of the Economic Advisory Council?

    What about Pittbull Estwick’s dire warning of economic Armageddon caused by his own party? Why wasn’t his rescue plan with its debt restructuring programme designed in the Middle East money laundry not accepted by the wise counsellors embedded in the bosom of the DLP and the high echelons of government?

    Hasn’t Minister Donville Inniss been rabbiting on and on like the Jester Physical Deficit Ince with his sick nigger backside syndrome about the same bag of necessities to stave off bankruptcy?

    And last but certainly not least, what about Minister Sinckler? Hasn’t he been promising the same things starting with his December 2013 Statement of Emergency Measures needed to pull the economy back from the cliff geologically carved by that permanent local depression of the longest international economic recession in history?

    But lookie he here now! Even in his last August budget presentation the man pronounced on the said same very thing.
    What’s the purpose of appointing all temporary workers to positions that have to be gotten rid of when the IMF piper comes along singing with his Devaluation song?
    Is this a nakedly nasty promise to a set of fools as what done prior to the 2013 elections?

    The proof of this administration’s ability to get the job done to save the sorry economic ass of Barbados lies not in the whiffle and waffle from the diarrhea of bullshit droppings all over the airwaves but in the implementation of the excessively talked about programmes of privatization and divestment.

    Like

  12. millertheanunnaki November 7, 2016 at 3:43 PM #

    @ Walter Blackman November 7, 2016 at 1:14 PM

    An individual, with 10 children and 6 women to support, owes the bank $100,000, half of which has been borrowed by other people in his name.
    He works for $5,000 per month, and before he can think about buying food, clothing, or any other necessities, he has to use up $1,500 (30% of his income) per month to pay interest on the loan.

    He struggles valiantly to meet the monthly interest payment because he does not want to default. However, every month, he ends up being unable to meet his financial responsibilities. These long lasting deficits are threatening the survival of his household and are driving him crazy.

    He approaches his financial consultant and is advised to cut the debt. Does that solve his problem?”

    What kind of tautological crap is that?

    Is that the stage you are trying to tell us (in a most circuitously ‘circumvallated’ way) Barbados has fiscally reached? But, ‘still’, a vividly convincing picture of the state of Bim at this very moment in time. Well captured Mc M!

    What about filing for bankruptcy and stop living above his means?

    You know, like Shylock in the Merchant of Venice, the lender of last resort is always on standby to bail you out. First with easy repayment of ‘until payday loans’ and then the big pound of flesh demand of devaluation of your already worthless currency.

    So Walter B, what’s your call? File for bankruptcy and dash the hopes of the NIS hapless contributors or play reverse freeze-ball and drop the hot potato to be handled by the next BLP administration?

    Like

  13. David November 7, 2016 at 3:43 PM #

    We all know what the international financial institutions expect when they apply their financial ratios and so on. There is a General Election on the horizon and we also know what will be treated as priority -to hell with the deficit. Have you read Animal Farm recently?

    The word gathering steam is that Barbados is in deep doodoo and it matters not what Sinckler say because his credibility is shot time over.

    Like

  14. Bush Tea November 7, 2016 at 3:48 PM #

    @ Walter
    The answer to your (good) question is that any man who manages to get himself into such a position should be prepared to lie in the bed that he has made….
    This means working EXTRA hard to pay back the people their monies owed, …while at the same time sacrificing with sack clothes and ashes – along with his unfortunate children- until he is back in the black.

    You will now come back with the postulation that the ‘poor man’ inherited these children (circa 2008) from a previous fella – who did the lotta screwing around that left us ‘owing’ ….

    …. to which Bushie says that the only jackass bigger than one who manages to get himself into such a bind, is the female rabbit who OFFERS to take over responsibility for such a failed family – and then proceeds to do the SAME shiite that got them failed in the first place…

    You get the picture don’t you….?

    Like

  15. Walter Blackman November 7, 2016 at 6:15 PM #

    Watchman November 7, 2016 at 2:01 PM #
    “@ Walter Blackman
    Stop posting stupid scenario and address the real problem, your/the DLP party governance is the problem, the reason you have not hear/see yet is because since your returned from the cold USA you head is still far up your ass”

    millertheanunnaki November 7, 2016 at 3:43 PM #
    “@ Walter Blackman November 7, 2016 at 1:14 PM
    What kind of tautological crap is that?”

    Bush Tea November 7, 2016 at 3:48 PM #
    “@ Walter
    The answer to your (good) question is that any man who manages to get himself into such a position should be prepared to lie in the bed that he has made….
    This means working EXTRA hard to pay back the people their monies owed, …while at the same time sacrificing with sack clothes and ashes – along with his unfortunate children- until he is back in the black.”

    Watchman,
    I am beginning to get worried about you. If you do not learn to control that misdirected anger of yours, you are going to burst a blood vessel in your brain.

    Bush Tea,
    You demand and deserve great respect.

    Miller,
    There is nothing wrong with you asking me a question, so let me explain.

    My memory tells me that Errol Barrow built a foundation for all of us from 1961 – 1976. During that time, we never experienced a deficit on the current account, and at the end of the period, our national debt stood at only 1/4 billion dollars.

    Errol Barrow was replaced by the reckless and fiscally imprudent Tom Adams who will forever carry the infamy of being the first PM to crash land the economy of Barbados on the doorsteps of the IMF. Tom Adams added about 2 billion dollars more to our national debt.

    Clearly, by 1986, our runaway national debt train had left the station with an accelerator, but with no brakes. During the 30 years since then (just a mere generation), we have piled on an additional 8 billion dollars in debt with very little to show for it. Some stupid Barbadians now spend most of their time blaming each other’s political party for our current debt troubles. Tragically, this useless exercise represents the area in which we are recording the highest levels of national non-productivity.

    The annual interest payment on our debt is currently at 30% of revenue, and will continue to rise astronomically. Our debt will also continue to rise exponentially over the foreseeable future.

    The 70% of government’s revenue that is left, after interest payments, cannot pay salaries and provide a wide array of social services to deserving Barbadians (this is akin to the burden of 10 children and 6 women that the individual in my “stupid scenario” had to grapple with).
    Some Barbadians believe that the government has infinite resources and is responsible for providing them with a free, easy, and luxurious living from cradle to grave. Some refuse to pay low income government rent, but have the latest and most expensive electronic and technological gadgets available for their discretionary use. They have been exhibiting this nationally destructive behavioural pattern of misplaced priorities “since Adam was a lad”.

    Almost every single governmental agency and ministry betrays an inability to manage itself effectively or solve festering issues and problems. The unions do not give a damn about such things. Not on one occasion have they identified and reprimanded the “slackers” among their midst who rob the treasury “blind” each time they collect a paycheck.

    Although it is clear that government’s revenues are not enough to sustain this unwholesome state of affairs, not one politician (remember, the IMF is not a politician) can come out and start rationalizing the statutory corporations and start reducing the civil service to manageable levels. Political suicide is what they would call it.

    How do we get this nightmare to come to an end? Can we?

    Like

  16. Watchman November 7, 2016 at 7:57 PM #

    @ Walter Blackman

    Errol Barrow DLP government built on a foundation that was here before 1961-1971, by 1976 the corruption of some ministers started the corruption is now perfective in the DLP ways of governance. There are many things to show for the Tom Adams BLP government add on National debt from 1976-1986, many low income Barbadian built houses , now a low income Barbadian cannot even pay government house rent, The BLP was the party that committed political suicide in 1986, remember the 1986 DLP back raise, but by 1994, 8 percent pay cut ,what was the national debt then? what was the ND in 1994- 2007? and what is it now? this 2008- now nightmare ends when the DLP go and never come back

    Like

  17. Bush Tea November 7, 2016 at 8:40 PM #

    So Walter, instead of recognising the DIRE straights in which he has placed his family, this ‘man’ is obsessed with projecting the image “that the government has infinite resources and is responsible for providing them with a free, easy, and luxurious living from cradle to grave.”?

    Instead of sackcloth and ashes, he facilitates “the latest and most expensive electronic and technological gadgets available for their discretionary use”?

    HE is the leader of the family and yet cannot get his children to pay basic rents…..or to be productive in their jobs…?

    What kind of brass bowl parent is this bozie?

    Like

  18. millertheanunnaki November 7, 2016 at 10:15 PM #

    @ Walter Blackman November 7, 2016 at 6:15 PM
    “My memory tells me that Errol Barrow built a foundation for all of us from 1961 – 1976. During that time, we never experienced a deficit on the current account, and at the end of the period, our national debt stood at only 1/4 billion dollars.”

    Your memory then is conveniently limited. The foundation of which you spoke was built before EWB’s social experiment. He, EWB, with the dogged influence of Wynter Crawford built upon what he came and found with steady-state plans for expansion and improvement.

    When do you think the major infrastructural projects which still serve Barbados today were built? Do you think the air and seaports, the QEH and schools like Cawmere at Waterford, Parkinson and Grantley Adams Secondary were built after 1961?

    Government is a continuum. But the test of good administration with effective political leadership is measured by the level of social and economic improvement of the masses. Would you say that the current administration and its political leadership have passed the test set at the minimum of marks?

    What is there to show for astronomical increase in the national debt from around $5 billion in 2007 to over $10 billion in less than 10 years? Now don’t try to bullshit your way out by arguing like ac and the other acerbic clown Irene S-G that the money was borrowed to payoff the debts incurred by the OSA administration. You have always been a good mathematician and an outstanding actuary. So 5+5-5 cannot equal 10.

    Like

  19. charles skeete November 8, 2016 at 3:53 AM #

    “My memory tells me that Errol Barrow built a foundation for all of us from 1961 – 1976. During that time, we never experienced a deficit on the current account, and at the end of the period, our national debt stood at only 1/4 billion dollars.

    Errol Barrow was replaced by the reckless and fiscally imprudent Tom Adams who will forever carry the infamy of being the first PM to crash land the economy of Barbados on the doorsteps of the IMF. Tom Adams added about 2 billion dollars more to our national debt.”

    I am aware that both you and Mr Straughan have thrown your hats into the cesspool of party politics and I wish you both well but Mr Straughan’s analysis below paints a different picture from that which serves your memory

    Public Finances of the Grantley Adams administration from 1955 to 1962. Note that in every year, current revenue exceeded current expenditure.

    Public Finances of the Errol Barrow Administration. Note that there was a deficit on current account in only two of the fourteen years and for relatively small amounts.

    Public Finances of the Adams/St John administration. Note that current revenue exceeded current expenditure in each year except 1977/78 and then for a nominal amount
    administration. Note that current expenditure exceeded current revenue in two years only and for relatively small amounts

    Public Finances of the Barrow/Sandiford administration. Note that current expenditure exceeded current revenue in two years only and for relatively small amounts

    Public Finances of the Arthur adminintratioin. Note that current revenue exceeded current expenditure in each of its fourteen years.
    .

    Then along comes the Thompson/Stuart administration and this is what happens
    Then along comes the Thompson/Stuart administration and this is what happens

    2008/2009. The government spends $256 million more than it receives in revenue.
    2009/2010. The government spends $557 million more than it receives in revenue.
    2010/2011. The government spends $647 million more than it receives in revenue.
    2011/2012. The government spends $284 million more than it receives in revenue.
    2012/2013. The government spends $260 million more than it receives in revenue.

    That is a total deficit of $2.004 billion, excluding the appropriation of $100 million of NIS funds. The facts speak for themselves. What would you say about any housewife who kept overspending her income by massive amounts. What would such spending do to the family’s bank account, provided it had a banker stupid enough to let her continue to do it.

    Can this be considered prudent management of the country’s finances?

    Can we continue to blame the world recession for Barbados’ financial woes? Or put the blame on the profligate spending of the Government.

    Also note. Maximum revenue of the Arthur administration was $2.3billion in 2007/2008
    Revenue of the DLP administration as per graph was as follows:
    2008/2009 – $2.6 billion approx
    2009/2010 – $2.3 billion approx
    2010/2011 – $2.3 billion approx
    2011/2012 – $2.5 billion
    2012/2013 – $1.8 billion approx

    Ask yourself. Where was the money spent and was it spent wisely? Clearly it was not spent on capital works, as the graphs show.

    Now that revenue has fallen dramatically, despite desperate tax grabs, the government recognizes (or somebody has told it) that the spending spree has to come to an end. 2012/2013 expenditure shows considerable contraction, but more cuts must be made as revenue continues to plummet. The pigs at the trough are being brought to a fine market.

    Like

  20. Watchman November 8, 2016 at 7:25 AM #

    @ Walter PPK Blackman

    Please read, then try, or seek Charles Skeete help to understand, the behavior of this set of DLP pigs in a trough

    Like

  21. Vincent Haynes November 8, 2016 at 7:35 AM #

    With the above figures of revenue and expenditure,this govt should seriously consider my above suggestion to bring home the bright girls and boys from the diaspora to pull us out of this dire situation as it is obvious that their ability is limited.

    Like

  22. Watchman November 8, 2016 at 7:43 AM #

    One Walter Blackman came home to help, so he said.

    Like

  23. Bush Tea November 8, 2016 at 8:28 AM #

    The whole pack of DLP scammers want locking up.
    But Charles Skeete has laid a case where, the only man in Barbados with the balls, AND with the facts in hand, CANNOT initiate the process – because the ‘rules’ (written by the same shiite politicians who want locking up) say it is not his job….

    Wuh shiite … It is NOT Bushie’s job to whack neither…. Bushie could afford to live like a damn king… But having been handed a big-ass whacker …what is the bushman to do…?

    It is not David(BU)’s job to blog … He can retire in splendour and live a happy relaxed life until planet X reaches…. BUT he has been handed the talent ..and he stepped forward…

    It was not Caswell’s job to BUP, so he played the ass with the CLEAR talents that he possess – and buried them in the sand…. and we are all the poorer

    The main problem with this cursed place, is that a Demonic party has gained a foothold in the place and everyone else is looking for someone ELSE to cast their asses out… but will they be replaced by a DIFFERENT set of demons?
    They need to be cast out in the name of RIGHTEOUSNESS…

    Meanwhile, those demons are building a huge monument to their boss in the middle of the ff’ing Garrison …featuring his pitch fork, which they recently paraded all over this damned, cursed island….. and now inviting Bajans to come down on the 30th to worship him….

    Our goose is well cooked….

    Like

  24. David November 8, 2016 at 9:18 AM #

    @Bushie

    Each one of us have the ability to make a difference. The majority of us tend to look to others and forget ‘me’.

    Like

  25. ac November 8, 2016 at 9:40 AM #

    Charles Skeete instead of floating numbers why not source data that will give full accountabilty , rationale, and transparency as to how the debt was created over the years and how and where the money is spent presently but i doubt you would be so brave in such an endeavour
    For one you might see the truth inserted bringing u to a full realization that included in the spending is an acculumation of high interest rate on debt borrowed on account of previous administration which is included in the defecit
    The blp never gave much thought on how this debt would be funded when the rainy day came but now sit in high moral judgement of barbados economic debt debt that was built on a platform of high borrowing and out of control spending placed on a false sense of security .Debt which now must be payback by taxpayers

    Like

  26. Vincent Haynes November 8, 2016 at 9:50 AM #

    Watchman November 8, 2016 at 7:43 AM #

    I take your point……..we are realy in ducks guts then.

    Like

  27. Walter Blackman November 8, 2016 at 12:06 PM #

    Bush Tea, millertheanunnaki, and charles skeete,
    You would have undoubtedly noticed that I used different approaches to stimulate and evoke discussion on this matter. I respect and accept the divergent and enlightening views you have all proffered as a response.

    Errol Barrow has been credited with transforming Barbados into a modern, independent nation. The point I am making is that he achieved this feat with no ( I should have said very little – thanks for the correction, charles skeete) current account deficits, and a very low level of debt.

    Fast forward to 2016 and we can clearly see that the economy of Barbados is being choked with extremely high debt levels and persistent fiscal deficits.

    So far, I have focused on the high debt level and have asserted that we have piled on about 8 billion dollars in the past 30 years. My contention is that if we want to look at the debt problem through partisan political eyes, both the BLP and DLP are guilty – as usual.

    However, allocating debt blame to a particular political party at this point is not helpful. What we need to understand is that the economy of Barbados is going to be strangled by this debt for a very, very, very long time. Some of the possible solutions are debt forgiveness, debt restructuring, and a cessation of further borrowing. Sensible Barbadians should therefore be paying very close attention in the next election to the promises being made by politicians (especially the impact they have on our debt), and the strategies they propose to fix our debt problem.

    The fiscal deficits are a different kettle of fish. Undoubtedly the global recession of 2007 hit the islands of the Caribbean extremely hard. However, we must always keep in the back of our minds that one option a country has, when confronted by serious economic challenges, is to drink the IMF castor oil early and suffer a few years of belly hurt. As our experience shows, the visits to the IMF produced the desired economic results. Unfortunately, our experience also shows (cf the 1986 and 1994 elections) that the political consequences of a visit to the IMF are swift and disastrous to the incumbent administration. Politicians on both sides of the aisle are acutely aware of this.

    The fiscal deficits of 2008 – present are unprecedented and unsustainable. Regardless of whatever political arguments are advanced to justify such a state of affairs, it is sheer folly to believe that a sophisticated Barbadian electorate will give a 3rd term to a government whose tenure has been characterized by high borrowing, unprecedented levels of fiscal deficits, and the printing of money.

    The time has come for the Minister of Finance to realize that wrestling the fiscal deficits to the ground cannot be his only preoccupation. He must bring measures and initiatives to stimulate and grow the Barbadian economy. He must find creative ways for Barbados to earn and save foreign exchange in a hostile financial world. Most importantly, he must find a way to create long-term jobs for Barbadians. That is the reason the Prime Minister gave him the job.

    The Minister of Finance should not think that he has to undertake this mammoth task on his own. He must always remember that he has enough talent available within the DLP, and the wider Barbadian society, to lean on.

    Like

  28. Vincent Haynes November 8, 2016 at 12:28 PM #

    Sensible Barbadians should therefore be paying very close attention in the next election to the promises being made by politicians (especially the impact they have on our debt), and the strategies they propose to fix our debt problem.
    …………………………………………………………………………………………..

    Promises are a comfort to a fool………..which of the election promisses has this govt fullfilled?

    The MoF is still to tell us if the Paradise property has been sold…..a promise made months ago.

    Like

  29. Walter Blackman November 8, 2016 at 1:19 PM #

    Vincent Haynes November 8, 2016 at 12:28 PM #
    “Promises are a comfort to a fool………..which of the election promisses has this govt fullfilled?

    The MoF is still to tell us if the Paradise property has been sold…..a promise made months ago.”

    Vincent Haynes,
    Let me do your thinking for you.

    Let us identify ALL of those “governments” that made unfulfilled promises to the electorate and punish “them” at the polls.

    Do you consider that to be a fair suggestion?

    Like

  30. ac November 8, 2016 at 1:32 PM #

    Walter any right thinking barbadian would be hard press to disagree with your last statement in reference to the Mof. However what i have witnessed is that whatever initiatives tabled to create growth there is an effect of poisioning the well to create discontent by the opposition with an intent to stone wall and create an atmosphere of suspicion.e.g Hyatt and the WTE plant

    Like

  31. Vincent Haynes November 8, 2016 at 2:21 PM #

    Walter Blackman November 8, 2016 at 1:19 PM #

    I agree with you and by doing so I equally accept that you know full well that your statement on promisses was not worth what paddy shot at.

    As you proceed into the political field that could be your battle cry….do not believe any politicians promise…..what say you?

    Like

  32. Walter Blackman November 8, 2016 at 5:43 PM #

    Walter Blackman November 8, 2016 at 12:06 PM #
    “Sensible Barbadians should therefore be paying very close attention in the next election to the promises being made by politicians.”

    Vincent Haynes November 8, 2016 at 2:21 PM #
    “… you know full well that your statement on promisses was not worth what paddy shot at.”

    Vincent Haynes,
    Again, let me do your thinking for you.

    The persistent fiscal deficits have resulted because of a reluctance to cut government expenditure. Under a ceteris paribus (all things being equal) assumption, an increase in expenditure without a corresponding increase in tax revenue, or an identified corresponding cut in other expenditure items, will make a worse situation worst. The fiscal deficit would increase.

    A politician has promised to make tertiary education free again, if handed the government. Just so.

    What said you?

    Like

  33. Watchman November 8, 2016 at 6:12 PM #

    @ Walter Blackman

    Can you say now ,or Would you say when your memory returned? that the DLP could have kept some promises, had they done a better job of managing the economy from 2008 to now

    Like

  34. Vincent Haynes November 8, 2016 at 6:12 PM #

    Walter

    I reiterate…..Promises are a comfort to a fool.

    Hopefully you will now understand that I am not alligned or beholden to anybody but simply call it as I see it and that is what is expected from you……hoe your own ground.

    Like

Trackbacks/Pingbacks

  1. George Pilgrim October Prediction … | bimboy - November 6, 2016

    […] Source: George Pilgrim October Prediction … […]

    Like

Join in the discussion, you never know how expressing your view may make a difference.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: