PLP: ‘OBA’s Fairy Tale Plan Doesn’t Add Up’
The PLP responded to the recent release of the OBA’s brochure detailing some of their planned initiatives calling it a “fairy tale” that doesn’t add up.
Senator David Burt said: “I’d like to take some time to expose the truth about the OBA’s so called plans for this country. And I’d like to focus on one thing, the fact that the numbers in their fairy tale plan just don’t add up!
“On the one hand, they tell us that they are going to massively expand government spending by creating new bureaucracies and commissions, and by “extending” some programmes and ‘expanding; others. Their plans to again radically change education and spend money on a multitude of initiatives would also cost untold hundreds of millions of dollars.
“On the other hand they offer poorly thought out tax concessions that would further reduce government revenues which means more borrowing for Bermuda. Bermudians, the OBA’s fairy tale plan just doesn’t add up! Unless they cut spending somewhere else in the Budget, but once again the OBA is silent about cuts.
“They are silent on DayCare and FutureCare. Are these programmes that help many Bermudians on the OBA’s chopping block? Will they cut the job training programmes we’ve started? Will they raise the Bermuda College tuition we lowered? What are they going to cut?
“The OBA says that they can increase spending, cut taxes and reduce the debt. But, their fairy tale plans just don’t add up! It’s time for the OBA to come clean with Bermudians,” continued Senator Burt.
“The fact is, they’re telling you what they think you want to hear. They are telling you exactly what their pollsters and consultants are telling them to say; however they are not being honest about what they will cut or how much they plan on adding to the debt. Bermudians, don’t believe the hype.
“The opposition is desperate to win and they will say and do anything in order to seize power. But, Bermudians know that 2+2 does not Equal Zero. Over five years, the OBA’s plan would cost an estimated $500 million in new spending and debt!”
“Their numbers don’t add up and It’s time for the OBA to be honest with Bermudians. A few weeks ago, Craig Cannonier said that, ‘austerity isn’t such a bad idea.’ Now just 3 weeks later, he and his party are proposing $500 million in new spending and debt?!
“Austerity means deep and damaging cuts to programmes and benefits like FutureCare, DayCare, and EEZ Grants. In England Austerity has meant rising tuition for colleges, and reduced pensions and benefits for seniors. If as Craig Cannonier said, Austerity isn’t such a bad idea, the he needs to tell the people what he’s going to cut!
“If the opposition is serious about debt reduction they are going to have to tell the people what they are going to cut. If the opposition is serious about their budget busting and debt exploding $500 million dollar spending plans, then they need to tell the Bermudian people how they are going to pay for it.
“The PLP is clear on the challenges our country faces. Our leader has articulated a 10 point plan for growth that we will expand on in the coming election. We will continue to Stand Strong for Bermudians, and we will not insult the intelligence of voters by telling them that 2 + 2 = 0,” concluded Senator Burt.
PLP candidate Stephen Todd said: “Having closely scrutinized the initial outline of the partial platform presented by the OBA, which outlines their proposed initiatives with which to achieve good governance, it is my opinion that it lacks substance as a realistic and viable solution to the current challenging issues which impacts our country.
“On a number of the initiatives outlined in their partial platform, the OBA have totally disregarded the fact that many of the programs they propose are currently in progress and are not novel ideas as the OBA would have you believe.
“For example, the OBA proposes to protect Bermudian jobs by cracking down on employers who do not comply with the rules. Our Government has already implemented policies and procedures that address these issues.
“The OBA have indicated that programs such as Future Care and subsidized Day Care may be in jeopardy, when these programs clearly provide substantial benefits to those who receive them.
“Additionally the OBA provides no clear indication of how they propose to generate increased revenue on the one hand, while they propose to suspend existing revenue channels which support programs that are generating revenue.
“The OBA also proposes to reduce debt and strengthen social programmes, however they have not indicated how they specifically propose to do this other than to imply that they will be growing Government revenues, the source of which is unexplained.
“They have failed to explain that these will require additional funding which will increased taxpayer expense and add to the national debt.
“In conclusion it is my opinion that the OBA intends to give you, the voter, the impression that they have the solutions to remedy the current economic situation and to return our country to prosperity.
“In fact their partial platform does not substantiate a realistic and achievable plan that ensures economic recovery in light of the global recession whose effects we are acutely aware are being felt in Bermuda,” Mr Todd concluded.
The media was also discussed during the press conference, with Minister Patrice Minors stating that: “When businesses open it’ll appear deep within the Business sections of our local news outlets. If we’re unlucky, these deserving new job creating Bermudian businesses get no news coverage at all.
“I’ve noticed another trend as well. If there is ever a shred of bad economic news, it is always front page news. It leads the newscasts. It is splashed around and then screamed about as a negative trend.”
“With the doom and gloom the OBA are preaching I wonder if they even go into the NEHEEZ and visit the entrepreneurs who are opening up new businesses and hiring Bermudians.
“They talk about the business closing, but we never hear them talk about the businesses that are opening, expanding, and seizing opportunities that exist – these are the businesses that need our support the most and we, this government, will give it to them. I see the positive effects of our efforts in training our people for the jobs of today and the jobs of tomorrow while at the same time promoting Entrepreneurship in the EEZ through the BEDC.”
Read More About
Comments (56)
Trackback URL | Comments RSS Feed
Articles that link to this one:
- OBA: ‘PLP Trying To Deflect From Their Record’ | Bernews.com | October 26, 2012
PLP what has added up on your behalf are the BILLS! thank you LOL
Fairy tale or living nightmare? Whenever a party has been out of power for a while there is always a sense of unknown, but surely enough is enough, we have to give the OBA a chance, the PLP have let us down badly.
Excellent reply by Sen. Burt and the PLP, well done. It puts a great hole in the OBA’s short form Platform. IT is just not realistic and is really a fairytale. This was an excellent reply from the PLP….great job…keep it coming…
What isn’t a fairytale is the PLP’s management of the country, it is hard, cold and disappointing. “staying focused” on what? Greed, corruption and bold lies. Apparently you are on the F&F plan.
This from the party that doesn’t understand the concept of ‘inflation’.
No one’s listening to you and your cronies anymore Mr. Burt; how about doing something really useful for a change and work on getting your leader to call the election already!
Burt plucking numbers out of the air. You are done, over, finished PLP, regroup, and come back in 5 years time with a serious platform to work for Bermuda’s benefit and not your own friends and family pockets. We are sick of you words, promises and failure to deliver for Bermuda.
If it’s going to cost “$500 million” for these programs, I want to see where David Burt got these figures from. He states that these figures don’t add up but yet, throws out a figure from nowhere with out any support of where he got it from?!
Also, I am sure anyone familiar with the economic times are aware, USA had to spend in order to stimulate its’ economy and they’re on the road to recovery. I’d rather spending in the right places: education, infrastructure, education – if it is in fact $500 million – than have a mounting debt accumulated from contstruction over-runs, cronyism at its finest and poor economic planning!
The PLP should be well aware of the challenges this country faces, they created them!!I have no idea what the OBA will do, no one keeps promises anymore, and there is no one left to trust..One thing is certain, too many Bermudians are out of work, too many businesses are closing because of lack of customers, less cruise ships scheduled for next year,too many unaffordable houses built,too many attitudes from paycheck reapers who don’t know how to be cordial,ect..and the OBA did not create the mess we are in..the infrustructure is continually in need of repair and was not even ready for this past summer season of “so much more’! How much more can we take when we are told so much money went into the infrusructure and repairs on transportation, roads,lighthouse ect are not complete…Yes we got new buildings, those new buildings do not genetate enough money to pay them off!the ferrys are great but not enough thought process went into a check and repair schedule! we have to come better than that as a small country we are not able to tackle our murder rate, gun importation, and the prison is busting loose literally! So can we hear some real solutions instead of reactionary verbage! The people would prefer to make an informed deision based on solid information, the rhetoric is insulting! How soon can any anybody get our Bermudians back to work and running the country with some honesty and integrity oris everybody addicted to the dollar!
Over five years their plan would cost 500 million. That’s a third of what the plp cost us in the past five years.
““If the opposition is serious about debt reduction they are going to have to tell the people what they are going to cut. If the opposition is serious about their budget busting and debt exploding $500 million dollar spending plans, then they need to tell the Bermudian people how they are going to pay for it.”
Cough hack Huh?
Was there some “Other PLP” that took the country from Black to red ink?
” We will continue to Stand Strong for Bermudians, and we will not insult the intelligence of voters by telling them that 2 + 2 = 0,” …
Eh?
When the first 500 million was posted on the balance sheet, did the PLP have some “New Math” going on?
:
“If as Craig Cannonier said, Austerity isn’t such a bad idea, the he needs to tell the people what he’s going to cut!”
Well, Posing that question to me with a Machete in my hands …
would likely give you a very sharp idea as the fingers on my wallet left your hands…lol Oops,…i didnt say that..
Well the first cuts should be all the gov expense accounts, overseas trips , gument cars, overseas gument consultants, politicians salaries and pensions, gument sponsored parties, investment in sports that dont yield profits to the community.
Also eliminating term limits to bring back international business which in turn each expat brings thier nice big pay packets they SPEND in BDA.
Sheesh, what is so firkin hard about this!!!!!
Expats don’t spend a lot in Bermuda.
Groceries, bike, car, electricity, rent, restaurants, entertainment pharmacy, insurance, christmas gifts and much much more. They have friends and family down to visit who spend more on the island too. Are you spun saying that expants don’t spend much in Bermuda. Haven’t you been listening.
Wow,that’s a dumb statement.
We spend well over $50,000 each year on rent,food,cars,furniture,dinners,movies,and too many sundry items to mention.
We’re just two people and don”t pay school tuitions like so many other families.
Don’t tell me,”Expats don’t spend a lot in Bermuda”.
Now mulitply that by the 6000 expats that have left and you will see the problem very clearly.
Of course not! They take their entire paycheck and send it back to Canada, the US, England, the Phillippines, the Azores, South Africa or Thailand.
It’s not like they pay rent, groceries and entertainment be it drinking, movies or dinners.
Or taxes. They definitely don’t contribute anything in payroll and hidden taxes like duty or sin taxes.
Any expat with two kids is spending on rent, school fees, belco. Those three alone are over $100,000. All going into the local economy.
Holy moly Johnny, that’s the stupidest comment I’ve seen on here in a very long while. At the moment they are the ONLY ones spending. We need more of them, simple as that, but it won’t happen with this xenophobic government. They just don’t feel the love.
THANK YOU!!! SO TRUEE!!
PLP absolutely has no room to tell us about economics, they have had their chance since 1998 to show us their acumen.
They have been an absolute failure with their vodoo approach to governing Bermuda,tax payer purse being looted and credit over runs.
The days of taking advice or leadership from politicians who can’t run their own small businesses are over.
If you have no business sense or even an interest because socialist redistribution to friends and family is your priority, then stand aside.
Just one PLP supporter should give an honest accounting of why he or she thinks we are in any way better off after 14 years of gross mismanagement.
The utter hypocrisy being drooled out here would shame anyone with a conscience.
Folks we are living in a failed state. Paradise in our physical surroundings, but a self induced economic coma
delivered by the members of the present government.
Students! They do not want your vote because they know, you know, who is really going to shoulder this debt for the next 30 years.
Not one job is safe now, not one.
Fly your green flag, show no shame, tell the voters you are there for them. Tell us the billion dollars is all in the infrastructure and invested in people programs.
Your government has sunk us and by January 1st we will be either swimming ashore at Buildings Bay to start building Bermuda anew or slipping beneath for the last time.
Wow I think you might just have a point here because I remember prior to 1998 we were given a stern warning and great lashing from the then U.B.P nad we were told to have a P.L.P government would mean that we would see International businesses leaving in great numbers and we would see Bermuda become a banana boat republic and man we saw some serious things happen in 14 years but far from the predicition that they told us would happen.
P.L.P has not sunk this Island and no they have not done it all right but we have mange to stay the course and keep us moving forward,Mitt Romney accuses President Obama of the very same things people are accusing the P.L.P but at the end of the day we see the ship moving steadily forward and if the course is alter with the right decision making then we will see full steam ahead with a government that can and I believe will do the right thing and no I have not lost hope in the present administration,have gotten weary along the way but not confused.
In all reality it is the people that need to realize we did not get to were we are by the P.L.P alone and we wont get from here to were we are going by the P.L.P alone and we all must play a part and I think I just did.
Sorry for mis spelt words that is from racing and not reviewing but what you expect from a high school drop out
OMG, you mean you normally review your posts and STILL hit the submit button?
Duane. we expect nothing from you….you are a classic flip flopper…you call the talk shows and say one thing and then mouth off in another talk show….the only talk show that I will listen to is Z,B,M. and Gina, I do miss E. Michael Jones, what happened to him ?
“The PLP has not sunk this island”
Really?
In 2006 they had record income and overspent on actual revenue in excess of $130 MILLION. Read that, record income yet still overspent and created debt. 2007 revenue grew again and they overspent by $214 MILLION. Remember this is record income. 2008 they overspend by $237 MILLION. 2009 they overspend by $365 MILLION!!!
Somewhere between 2002 and 2010 the PLP decided that we needed to double the budget to run the country. Over a half a BILLION dollars MORE was needed to run this country that is smaller than a small town in Long Island.
Actual spending by the PLP in 2002 was $632 million and money was actually saved.
2009 spending was $1,282,000,000. Somehow with the SAME population we needed TWICE the government spending. This is not the result of a global crisis. This is irresponsible spending at home by the PLP. There’s no other way to spin it. It is bad management of the public purse.
Warren buffet has a famous line –
“If you keep spending on things you don’t need, eventually you are going to have to sell the things you need.”
The PLP lived in excess for years and now the island is totally strapped and the future is being sold to pay piece by piece of debt. They are directly responsible and they need to be held accountable.
It is time to make the turn. It is not the time to give them a pat on the back.
“The OBA says that they can increase spending, cut taxes and reduce the debt. But, their fairy tale plans just don’t add up! It’s time for the OBA to come clean with Bermudians,” continued Senator Burt.
It does add up, just cut the fat out of the civil service, eliminate the GP cars, minister joy rides, under-the-table payments, and project over-runs, and its easily paid for. Good-bye PLP, the party is over, youll have to get real jobs now, good luck with that.
Here’s another fairytale…. and a bit more telling.
At Manor Farm in England, Farmer Jones swills whiskey and abuses his animals–including pigs, chickens, ducks, sheep, goats, horses, and dogs. One evening, Old Major, a wise pig who is dying, sows the seeds of revolution. He tells his barnyard comrades that they can enjoy peace and prosperity, every animal sharing equally in the benefits of the farm, if they overthrow Jones and run the farm themselves.
Days later, after Old Major dies, the animals plot the rebellion, led by the most intelligent among them, the pigs–in particular, Snowball, Napoleon, and Squealer. The government system they design is called “animalism.” While the planning continues, Farmer Jones goes on a drunken binge and neglects to feed the animals. On the second day of his drinking bout, they break into the feed stores and attack and drive off Jones, his wife, and his workers. At the entrance of the farm, they put up a new sign. In bold letters, it says “Animal Farm.”
The revolution has succeeded. A new day has dawned.
All goes well. Only Benjamin, a donkey, and Mollie, a mare, seem dissatisfied. Benjamin, an old cynic, believes nothing will really change. Mollie, a mare who pulled Mr. Jones’s buggy, yearns for the attention–and the sugar cubes–she received from human beings. One day, she leaves Animal Farm to work for a man who feeds her sugar to pull his cart.
The rest of the animals enthusiastically embrace the new order.
Boxer, a cart horse, adopts a slogan: “I will work harder.” Special committees–including The Egg Production Committee for Chickens and The Clean Tails League for Cows–form to improve the animals’ way of life. The animals also design and raise their own flag and take the time to explain and simplify the rules for animals with low intelligence, such as the sheep. Animals at other farms hear about Animal Farm and are heartened.
After a time, the pigs reserve the apple crop and the cows’ milk for themselves, claiming they need the provisions to replenish the enormous energy they expend in setting policy and managing the day-to-day operation of the farm.
When Farmer Jones attempts to reclaim the farm with the help of men from neighboring farms, the animals drive him off in the Battle of the Cowshed. Boxer and Snowball earn medals of valor.
Just when the animals think nothing can go wrong, Napoleon and Snowball quarrel over policy, including Snowball’s proposal to construct a windmill to provide energy.
Napoleon then unleashes on Snowball a pack of nine vicious dogs–the offspring of two other dogs, Bluebell and Jessie–which he trained from puppyhood. They chase Snowball off the farm, leaving Napoleon in control, with Squealer as his fawning propagandist. A pig named Minimus composes propagandistic rallying songs and poems. Thereafter, Napoleon keeps the attack dogs at his side to intimidate malcontents and keep order. Napoleon then dissolves the animal committees, saying the pigs will do all the thinking.
When a storm topples the windmill, Napoleon blames Snowball, saying he had sneaked back onto the farm and sabotaged it. He sets a bounty for his capture and executes animals accused of conspiring with Snowball.
Under Napoleon, hours are long and hard and work becomes drudgery. The pigs move into Jones’s house, altering the fourth commandment of the constitution to say that “No animal shall sleep in a bed with sheets.” They drink beer and whiskey and conduct trade with humans. Squealer justifies these and other forbidden activities by amending the constitution again and again. A poem extolling Napoleon appears on the side of the barn.
While the pigs live in luxury, the other animals work their paws and hoofs to the bone as they till the fields and rebuild the windmill, all the while barely getting enough to eat.
In time, the pigs become more and more like the humans they overthrew, walking upright on two legs, wearing clothes, and even entertaining humans at dinners. Eventually, the seven commandment–”All animals are created equal”–becomes “All animals are created equal, but some animals are more equal.”
Napoleon declares that Manor Farm should be the proper name for the business enterprise after all, then replaces the Animal Farm sign with a Manor Farm sign. Life goes on, with the “human” pigs in full control.
Mr Burt is absolutely correct here , the problem for many voters is that we would really like another Better Choice. Right now many feel that they are between a rock and a hard place with this election. We have a poor government and a proposed opposition that does not appear any better.
The OBA kinda strikes me as highly intelligent group of people who , don’t really know each other but are willing to sleep together to get what they individually want to achieve . Power over a economy and populace they don’t understand . Speak it Mr.Burt .
How does this add up when they have not indicated any cost, so it is a fairy tale. Contractor Genaral = cost, Tourism Authority = cost, more day care=cost, expand eez=cost, and the list goes on so it will be a cost at any cost.
Well if money doesn’t go “unaccounted for” like in the past they should be ok huh.
Just wanted to know how the tourism authority or expanding the EEZ will cost??
I want to know what the hospital is costing us, why don’t you help with that? PLP are in charge and don’t know what anything costs….. Or do they?
Ill take a “fairy tale” plan over NO PLAN anytime, given the choice I would have an fairy tale goverment over a corrupt one, if for no other reason that you can always teach the fairy tale party but the latter is beyond help
The PLP know what they’re talking about. Didn’t Paula introduce her “Recovery Budget” in 2010?
How’s that been working for everyone?
Don’t worry, only a couple more days to go before her pension vests. Stand strong for Paula. She needs her pension.
That’s going to look real pretty next to that 7.5% increase in takehome pay she gave herself, poorly disguised as a pay cut.
You know many of the P.L.P supporters will be the first to admit that they are not pleased to were we find ourselves in this country today but the overall picture is that we are not seeing where the O.B.A and its supporters can really show us any better or any difference,they constantly talk of what they see as being bad business and practices by the present administration but they offere no alternative that adds up to financial recovery going forward.
They are accusing Mr. Burt of pulling numbers from out of the sky and quite frankly that is just a plan of distraction to try and make Mr Burt look stupid and uneducated and most of you complainers would believe that anyway because a black man in your view is not suppose to know anything about spending or making big bucks.give him a fancy car with gold jewelry around his neck and a place sitting on the wall and we can listen to the brother and say WORD.
Instead you have a young intellegent man who happens to be black and educated that takes pride in his degrees of higher learning and brings his expertise to the table and that threatens you,maybe he is on his way to being the finance minister and that may scare the hell out of you,let me also say for the record that I have never met Mr. Burt so I cant go on personal relationship but I can go on his credentials and what I have seen him bring to the table in the short time that he has been on the front line and frankly he looks like a person that can teach some of the older P.L.P leaders and supporters,like wise I will say the say for Marc Bean,these are two gentleman that I think have a possitive future ahead of them and have alot to offer our country.
So to the critics please crawl back into your little minds you just came out of and stop trying to undermind the man and think he dont know what he is talking about.
“maybe he is on his way to being the finance minister and that may scare the hell out of you,”
That thought sure scares the hell out ME.
And for the record, commas and periods are not interchangeable.
Hey Duane!
BWAHHHAAAAAHAHAHA
Thanks bro. Your Phriday Phunny brightened my day!
Keep Calm and Carry On…. the Distraction.
I will reply to your previous post regarding the ship still moving forward after lunch smh. With regards to this one please explain to me where this highly intelligent man got the figure of $500 million?
“They are accusing Mr. Burt of pulling numbers from out of the sky and quite frankly that is just a plan of distraction to try and make Mr Burt look stupid and uneducated and most of you complainers would believe that anyway because a black man in your view is not suppose to know anything about spending or making big bucks.give him a fancy car with gold jewelry around his neck and a place sitting on the wall and we can listen to the brother and say WORD.”
This entire statement is just an embarrassing joke to read. Please explain to me the OBA plan where Mr. Burt got his $500 million from since you believe it didn’t get pulled out of the sky. Just because he is BLACK does not mean that everything that comes out of his mouth is correct. This mentality of supporting BLACK people because they are black MUST BE EXTINGUISHED. I am black and comments like this are as morgan freeman stated regarding black history month ridiculous
Excellent Comment Mr Santucci, I could not have said it any better. Well Said.
Excellent repy from the PLP, great Sen. Burt…keep it coming… Well done PLP.
Yeah well done Sen Burt. Keep feeding us fairy tales about the economy recovering. We’re all so stupid we’ll believe anything you say. Whatever illegal substance you’re under the influence of.
Sen Burt seems to be a scheming individual who covers up his emotions… he’s smart… but has not been proven to be trustworthy… he will continue to put Party first.
His comments are just more fairy tale smoke & mirrors to deflect attention away from the reality of the plp’s atrocious record as a government. But the plp always has had an anti-reality bias.
The onliest thing that does not add up is the plp’s lack of ideas & plans! Always asking the OBA what theirs are….
The PLP – Standing Strong on the Backs of Bermudians.
Hey Burt,
I got a figure that doesn’t add up, it’s in the area of 1.4billion and climbing. Hurts my ears to listen to such ignorance. Fairy Tales? You mean the same type of stories this governments been trying to pass off on the non Kool-Aid drinking public?
CALL THE ELECTION!!!!!!
Too Little..Too Late!! Call The Election.
A strong reply from the PLP. Well said and well done. The reality is the OBA would have to spent more money to achieve 1/2 the items on its short form platform. The OBA is telling folks a fairly tale, that is full of lies.
Well done Sen. Burt & PLP
Are you even listening or paying attention to anything? Or maybe you come from an alternate parallel universe like some kind of anti-matter where everything that matters here is opposite in your world.
Must be nice.
??? Things are a little blurry focused are you still standing, I think the koolaid is impacting you eyesight.
500m cost, LOL that is close to the 5 years interest payments alone that the PLP have left us with on the debt.
Maybe the PLP believe it is a fairytale for they can come up with no plan of their own to possibly fix the atrocious mess they have made where truly only they know how really bad it is.
Statement from PLP – “It must be fairytale magic for Bermuda cannot be fixed. We have destroyed it. No magic beans or fairy dust for this island is dead, deceased, has kicked the bucket, and is pushing up daisies. Notions of fixing it are rubbish and hogwash. We would show you a plan if we had one, and we don’t for there is no point, yet the opposition wants to fill your head with lies. Not us – we are Standing Strong for Bermudians”
Maybe it doesn’t add up because the PLP cannot add or subtract thats why we are in this financial mess…
Regardless of what the PLP or the OBA says I know the truth, BERMUDA is presently messed the hell up, who to trust???????????
@ Winnie Dread: I can’t tell you who to trust, that will be a decision only you can make, based on your own examination of the facts. That due diligence should also help you figure out who not to trust.
Bermuda most definitely is in a very precarious position. How did we get here? Was it the world-wide recession or home-grown overspending.
Bulls-eye above quotes actual, prove-able, research-able figures (not figures pulled out of the air to try and make a point) : “In 2006 they had record income and overspent on actual revenue in excess of $130 MILLION. Read that, record income yet still overspent and created debt. 2007 revenue grew again and they overspent by $214 MILLION. Remember this is record income. 2008 they overspend by $237 MILLION. 2009 they overspend by $365 MILLION!!!”
Bullseye makes some other good points, but that paragraph alone tell us that our situation was 1) self-generated and 20 already bad and only made worse by the ‘world-wide recession.’ If I, as a householder, make $100 and spend $130 this year, I am in debt. If I continue to spend more than I make, it is not anyone else’s fault but mine if I end up in the Credit Association’s hands, even if I try to blame the economy, my boss, my neighbours or anyone else.
The problem is they used a variable item “income” and offset it with fixed costs. When the variable income decreased the fixed costs did not… Bloated civil service anyone. It is hard to believe they actually have CA’s in the PLP.