Then we will see the rats scurrying from the sunken ship… with their ill gotten gains to their new homes in the Turks and Caicos!

Mr Speaker,

I rise today to tell you all what a bloody mess I’ve made of the island’s finances over the last few years and how every man woman and child on the island will have to pay for our over-indulgence for the rest of their lives and their children’s generation’s lives.

And for what? Bermuda is ruined. It’s simple – don’t spend more than you earn and live within your means. EPIC FAIL! Not funny though.

Anything prior to 2005 was dealt with without creating the extra $1bn or so of debt.

So, what was the extra $1bn of debt for? What did they spend it on? You cannot go back in history and point to expenditures that happened prior to 2005. Those were paid for without increasing debt. Cedarbridge was completed in 1996. Berkely in 2003. Ferries in the years up to 2003. So they had had NOTHING to do with the existing debt.

Honestly, I feel like I’m explaining things to a 6-year-old at times.

It’s their grandchildren registering SUVs to car-less seniors, in order to (a) illegally evade paying TCD license fee and (b) illegally get around the one car per house rule.

Yet another unintended consequence of a government policy.

she could have said pre-budget there were a few 5 year olds that broke their piggy banks to contribute to govt, and you’d congratulate her because she was not hiding information?

So you are $2500 per year worse off for the rest of your life because of the debt – and it’s only going to get worse.

A completely and utterly false statement.

By the way, the ferries that you’re so proud of, are a shambles. They are falling to pieces through neglect. And for the past year the schedule has been altered to allow for the “fast” ferries to run slowly to save fuel. That’s what happens when you waste the taxpayer’s money on inept overpaid consultants and parties.

C’mon son, just read the report and stop making things up.

All the hotel occupancy taxes, departure tax etc peak in the summer – Q1 and Q2 for government’s fiscal year.

Oct through March revenues – government’s Q3 and Q4 represent some pretty slim pickings. Fewer tourists visiting at that time, less jobs here, not exactly a booming property market for stamp duties …

Get real, the country is FAR from bankrupt, but nice try.

I don’t consider it waste building a new dock, schools, technology, police station, and the like.

You may call it waste, but you don’t complain when you ride on the fast ferry.

I sometimes think that some of you really believe that the PLP caused the global recession. Do you really think that if the UBP were in power they would have, fired a whole bunch of civil servants to make sure the budget stayed balance.

EVERY SINGLE COUNTRY racked up huge amounts of debt over the past 4 years. Now the question is whats the best way to move forward.

Actual revenue for the first 6 months – $421m. Projected for the next 6 months – $499m to $519m. Considering the first 6 months are the strongest cash flow months for government which included corporate bonuses at the old 16% rate and lots of jobs that just aren’t there anymore, how are they going to increase revenue?

I bet they asked Santa for a bucket full of money!

Then there’s expenses. They’ve blown their expense budget by $26m already. They only came up with their budget 6 months ago … Anyway, they expect people will no longer get sick this winter and require health subsidies, gangsta activity will calm down and we can reduce police overtime, we’ve already run out of money for legal aid so can’t blow anymore there.. Madam Cog now only predicts spending $17m more than budget for the next 6 months. Good luck with that. Hope you don’t get sick

They say laughter is the best medicine and I sure did get a chuckle out of reading that pile of !@#$.

It is admittedly long but given the content, we should expect it to be.

In my opinion, the public will be well served if we take the time to understand what is being asked and then submit comments.

2 important points are included here – the list below are items the Premier is considering as part of the next budget:

■Whether the government should look at revising duty for personal imports at other ports of entry apart from the airport
■Should we reduce the betting tax
■Should we increase sin taxes
■Should we change some of our fee structures in government to support energy efficiency
■Should we look at changing our approach to land taxes

The second point is that the govt will set spending limits for departments whereby their maximum spend will be frozen at next year’s levels for the next 4 years. In practice, this means that all departments wil have a fixed budget for the next 4 years.

I trust that the information presented by the Premier today will be explained in ‘smaller chunks’ for all of us to better understand the implications.

I accept there will be a litany of criticisms about her announcement and I encourage everyone to take the tiem to read it for them selves.

What is the muti year budget strategy?
Multi-year cash limits have been set to freeze overall Government spending at next year’s level for the next 4 fiscal years. This freeze applies to total level of spending, however the Government will have flexibility within Ministries.

Lets look forward to the next budget.

So basicall we are in deep sh!t….