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	<title>Comments on: OBA&#8217;s Richards On Financial Results</title>
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	<item>
		<title>By: LOL (original TM*)</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171395</link>
		<dc:creator><![CDATA[LOL (original TM*)]]></dc:creator>
		<pubDate>Wed, 22 Feb 2012 14:02:19 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171395</guid>
		<description><![CDATA[But you can take their children&#039;s future away................. I think you got it wrong it&#039;s you who are insulting people............

LOL]]></description>
		<content:encoded><![CDATA[<p>But you can take their children&#8217;s future away&#8230;&#8230;&#8230;&#8230;&#8230;.. I think you got it wrong it&#8217;s you who are insulting people&#8230;&#8230;&#8230;&#8230;</p>
<p>LOL</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: LOL (original TM*)</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171394</link>
		<dc:creator><![CDATA[LOL (original TM*)]]></dc:creator>
		<pubDate>Wed, 22 Feb 2012 14:00:28 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171394</guid>
		<description><![CDATA[And vieled threats are the PLP&#039;s mo and has been for years trying to scare those same people to continue to vote for them. Que plantations, shackles, white man, your post above who you trin&#039; to scare. My point stands cause guess what, no matter who wins civil servants whom may help to support families as you have disscounted the spous or assumed that both husband and wife are either both in the civil service or one is unemployed, will have to be cut in some way to curve spending like it or not.

LOL]]></description>
		<content:encoded><![CDATA[<p>And vieled threats are the PLP&#8217;s mo and has been for years trying to scare those same people to continue to vote for them. Que plantations, shackles, white man, your post above who you trin&#8217; to scare. My point stands cause guess what, no matter who wins civil servants whom may help to support families as you have disscounted the spous or assumed that both husband and wife are either both in the civil service or one is unemployed, will have to be cut in some way to curve spending like it or not.</p>
<p>LOL</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Cancer</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171161</link>
		<dc:creator><![CDATA[Cancer]]></dc:creator>
		<pubDate>Wed, 22 Feb 2012 00:30:31 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171161</guid>
		<description><![CDATA[@d-reader you made one mistake in one of your phase above which I&#039;ll fix for you...
&quot;ubp took care of thier own PLP doing the same thing&quot; that&#039;s how it shud read.]]></description>
		<content:encoded><![CDATA[<p>@d-reader you made one mistake in one of your phase above which I&#8217;ll fix for you&#8230;<br />
&#8220;ubp took care of thier own PLP doing the same thing&#8221; that&#8217;s how it shud read.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jack Jumping</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171131</link>
		<dc:creator><![CDATA[Jack Jumping]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 22:25:58 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171131</guid>
		<description><![CDATA[Educate them Voice of Reason...you make good sense and speak very well. Keep it up.]]></description>
		<content:encoded><![CDATA[<p>Educate them Voice of Reason&#8230;you make good sense and speak very well. Keep it up.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jack Jumping</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171130</link>
		<dc:creator><![CDATA[Jack Jumping]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 22:24:43 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171130</guid>
		<description><![CDATA[Well put Vote for Me,...your the only one who makes such insightful comments.]]></description>
		<content:encoded><![CDATA[<p>Well put Vote for Me,&#8230;your the only one who makes such insightful comments.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Triangle Drifter</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171118</link>
		<dc:creator><![CDATA[Triangle Drifter]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 21:56:10 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171118</guid>
		<description><![CDATA[History will judge Ewart Brown as the worst, most destructive Premier Bermuda has ever had. History will also find Paula Cox as the most inept Finance Minister Bermuda has ever had.]]></description>
		<content:encoded><![CDATA[<p>History will judge Ewart Brown as the worst, most destructive Premier Bermuda has ever had. History will also find Paula Cox as the most inept Finance Minister Bermuda has ever had.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: d-reader</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171106</link>
		<dc:creator><![CDATA[d-reader]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 21:35:04 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171106</guid>
		<description><![CDATA[yawn mate..learn some history before you type the plp has passes many policies 

yet only 2-3 policies have been revisited

foriegn spouse/land thing
payroll tax increase
maybe one other

you need to get a grip and stop being such a cheerleader with out knowing the facts papa

do some more history mate ubp took care of thier own
oba doing the same thing

you all cant even address your fellow bermudians who support the plp with any respect]]></description>
		<content:encoded><![CDATA[<p>yawn mate..learn some history before you type the plp has passes many policies </p>
<p>yet only 2-3 policies have been revisited</p>
<p>foriegn spouse/land thing<br />
payroll tax increase<br />
maybe one other</p>
<p>you need to get a grip and stop being such a cheerleader with out knowing the facts papa</p>
<p>do some more history mate ubp took care of thier own<br />
oba doing the same thing</p>
<p>you all cant even address your fellow bermudians who support the plp with any respect</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Hell!!</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171083</link>
		<dc:creator><![CDATA[The Hell!!]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 20:52:49 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171083</guid>
		<description><![CDATA[I was told by a PLP insider that Paula Cox could not say no to Ewart Brown on $ for the sake of the party she has put party before country and now she is the Premier. Come on people if they get re-elected it would be criminal..]]></description>
		<content:encoded><![CDATA[<p>I was told by a PLP insider that Paula Cox could not say no to Ewart Brown on $ for the sake of the party she has put party before country and now she is the Premier. Come on people if they get re-elected it would be criminal..</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: fried onion</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171023</link>
		<dc:creator><![CDATA[fried onion]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 18:37:17 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171023</guid>
		<description><![CDATA[Last time I checked Court st didnt look any more developed than under the UBP, nly difference now is you need to wear a bullet proof vest.]]></description>
		<content:encoded><![CDATA[<p>Last time I checked Court st didnt look any more developed than under the UBP, nly difference now is you need to wear a bullet proof vest.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: d-reader</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171021</link>
		<dc:creator><![CDATA[d-reader]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 18:23:50 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171021</guid>
		<description><![CDATA[yawn mate 

you are forgetting one valuable lesson here

you cannot call people blind sheep one day
and expect that they will forget this on election day]]></description>
		<content:encoded><![CDATA[<p>yawn mate </p>
<p>you are forgetting one valuable lesson here</p>
<p>you cannot call people blind sheep one day<br />
and expect that they will forget this on election day</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: d-reader</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171019</link>
		<dc:creator><![CDATA[d-reader]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 18:20:51 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171019</guid>
		<description><![CDATA[i am one guy mate i cannot threaten anyone
i am merely giving you oba supporters a valuable lesson

you cannot insult 6500 government workers by calling them lazy
then months later expecting they and thier family to vote for you

but given the history of your party
it doesnt surprise me]]></description>
		<content:encoded><![CDATA[<p>i am one guy mate i cannot threaten anyone<br />
i am merely giving you oba supporters a valuable lesson</p>
<p>you cannot insult 6500 government workers by calling them lazy<br />
then months later expecting they and thier family to vote for you</p>
<p>but given the history of your party<br />
it doesnt surprise me</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: d-reader</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171018</link>
		<dc:creator><![CDATA[d-reader]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 18:18:35 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171018</guid>
		<description><![CDATA[workers have children 18 and older mate
workers have senior citizen parents
workers have spouses that rely on a joint income to pay bills

add that up and see how many people your party keeps insulting by saying lazy government workers etc etc]]></description>
		<content:encoded><![CDATA[<p>workers have children 18 and older mate<br />
workers have senior citizen parents<br />
workers have spouses that rely on a joint income to pay bills</p>
<p>add that up and see how many people your party keeps insulting by saying lazy government workers etc etc</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Hell!!</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-171008</link>
		<dc:creator><![CDATA[The Hell!!]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 17:55:52 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-171008</guid>
		<description><![CDATA[I remember many years ago Bob Richards had warned these fools about what was coming, but they laughed at him calling it scare tactics. Well who&#039;s laughing now Paula?]]></description>
		<content:encoded><![CDATA[<p>I remember many years ago Bob Richards had warned these fools about what was coming, but they laughed at him calling it scare tactics. Well who&#8217;s laughing now Paula?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Al</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170985</link>
		<dc:creator><![CDATA[Al]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 16:55:13 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170985</guid>
		<description><![CDATA[Unfortunately it&#039;s not until Economics 201 or 301 that you learn that spending your way out of a recession only works when you haven&#039;t suffered a permanent decline in potential GDP as Bermuda has.  By implementing term limits the government permanently decreased Bermuda&#039;s reserve of human capital - and therefore permanently decreased its GDP.

The reality is that the government is both holding demand above potential (it will eventually fall) and also reducing future potential by the amount of the interest payable on that debt each year.  So the long-run is twice as bad as taking the inevitable fall in the short-run.]]></description>
		<content:encoded><![CDATA[<p>Unfortunately it&#8217;s not until Economics 201 or 301 that you learn that spending your way out of a recession only works when you haven&#8217;t suffered a permanent decline in potential GDP as Bermuda has.  By implementing term limits the government permanently decreased Bermuda&#8217;s reserve of human capital &#8211; and therefore permanently decreased its GDP.</p>
<p>The reality is that the government is both holding demand above potential (it will eventually fall) and also reducing future potential by the amount of the interest payable on that debt each year.  So the long-run is twice as bad as taking the inevitable fall in the short-run.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Serious though</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170952</link>
		<dc:creator><![CDATA[Serious though]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 15:20:22 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170952</guid>
		<description><![CDATA[so you want us to be in debt, to save who???]]></description>
		<content:encoded><![CDATA[<p>so you want us to be in debt, to save who???</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: LOL (original TM*)</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170933</link>
		<dc:creator><![CDATA[LOL (original TM*)]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 14:44:15 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170933</guid>
		<description><![CDATA[Sounds to me you are making a threat d-reader. In that you are telling those that do work for Government that if they don&#039;t continue voting PLP if they did then their families will be hurting. Guess what if the PLP continues it&#039;s spending we will be hurting anyway. I guess at lest we all be hurting together One Love............

LOL]]></description>
		<content:encoded><![CDATA[<p>Sounds to me you are making a threat d-reader. In that you are telling those that do work for Government that if they don&#8217;t continue voting PLP if they did then their families will be hurting. Guess what if the PLP continues it&#8217;s spending we will be hurting anyway. I guess at lest we all be hurting together One Love&#8230;&#8230;&#8230;&#8230;</p>
<p>LOL</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: LOL (original TM*)</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170931</link>
		<dc:creator><![CDATA[LOL (original TM*)]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 14:37:25 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170931</guid>
		<description><![CDATA[What are you talking about the first time we ever saw a qualified audit was well in the PLP&#039;s term. Prove me wrong.

LOL]]></description>
		<content:encoded><![CDATA[<p>What are you talking about the first time we ever saw a qualified audit was well in the PLP&#8217;s term. Prove me wrong.</p>
<p>LOL</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: sandgrownan</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170859</link>
		<dc:creator><![CDATA[sandgrownan]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 11:40:56 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170859</guid>
		<description><![CDATA[The PLP are the real insult here. 

And the PLP are those for whom life has gotten better. No-one else. Every conceivable measure points to failure.]]></description>
		<content:encoded><![CDATA[<p>The PLP are the real insult here. </p>
<p>And the PLP are those for whom life has gotten better. No-one else. Every conceivable measure points to failure.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: sandgrownan</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170858</link>
		<dc:creator><![CDATA[sandgrownan]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 11:35:59 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170858</guid>
		<description><![CDATA[That&#039;s balls. The PLP halfwits were told repeatedly this was going to happen and to put the brakes on spending. They didn&#039;t. 

Now they are robbing the pension fund.]]></description>
		<content:encoded><![CDATA[<p>That&#8217;s balls. The PLP halfwits were told repeatedly this was going to happen and to put the brakes on spending. They didn&#8217;t. </p>
<p>Now they are robbing the pension fund.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rick Rock</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170851</link>
		<dc:creator><![CDATA[Rick Rock]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 11:04:38 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170851</guid>
		<description><![CDATA[They are audited, but it is a qualified opinion.  That means the auditor is telling us all, very plainly, that the figures are not as reliable as they should be.  

For any publicly owned company, it would mean a change of the entire management, and possible bankruptcy.  For a Bermuda PLP government, it&#039;s the usual state of affairs, and the idiot supporters write on here saying  &quot;they are audited, everything must be ok&quot;.  

You wouldn&#039;t normally get an audit where the auditor talks about &quot;serious deficiencies of internal controls&quot; for 4 years running.  Heads would roll.]]></description>
		<content:encoded><![CDATA[<p>They are audited, but it is a qualified opinion.  That means the auditor is telling us all, very plainly, that the figures are not as reliable as they should be.  </p>
<p>For any publicly owned company, it would mean a change of the entire management, and possible bankruptcy.  For a Bermuda PLP government, it&#8217;s the usual state of affairs, and the idiot supporters write on here saying  &#8220;they are audited, everything must be ok&#8221;.  </p>
<p>You wouldn&#8217;t normally get an audit where the auditor talks about &#8220;serious deficiencies of internal controls&#8221; for 4 years running.  Heads would roll.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rick Rock</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170846</link>
		<dc:creator><![CDATA[Rick Rock]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 10:56:39 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170846</guid>
		<description><![CDATA[We&#039;ve seen how great you are at figures, and how you can&#039;t tell the difference between &quot;revenue&quot; and &quot;expenditure&quot;, but let&#039;s put that to one side and humor you for a minute.   

First, it&#039;s about 6,500 working for government.  It was about 4,500 until about 7 years ago, but now under the inefficient PLP we &quot;do less with more&quot;, so it&#039;s 6,500.  

If you think each civil servant is supporting more than 2 adults who otherwise have no income, that means there are 13,000 unemployed Bermudian adults in Bermuda.  If you are right (and we all know what an intelligent and clever person you are), shouldn&#039;t you be going after the current government for understating unemployment by 12,000 or so?]]></description>
		<content:encoded><![CDATA[<p>We&#8217;ve seen how great you are at figures, and how you can&#8217;t tell the difference between &#8220;revenue&#8221; and &#8220;expenditure&#8221;, but let&#8217;s put that to one side and humor you for a minute.   </p>
<p>First, it&#8217;s about 6,500 working for government.  It was about 4,500 until about 7 years ago, but now under the inefficient PLP we &#8220;do less with more&#8221;, so it&#8217;s 6,500.  </p>
<p>If you think each civil servant is supporting more than 2 adults who otherwise have no income, that means there are 13,000 unemployed Bermudian adults in Bermuda.  If you are right (and we all know what an intelligent and clever person you are), shouldn&#8217;t you be going after the current government for understating unemployment by 12,000 or so?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rick Rock</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170840</link>
		<dc:creator><![CDATA[Rick Rock]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 10:48:16 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170840</guid>
		<description><![CDATA[Not true.  Debt started exploding after 2003.]]></description>
		<content:encoded><![CDATA[<p>Not true.  Debt started exploding after 2003.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: love you</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170781</link>
		<dc:creator><![CDATA[love you]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 07:37:07 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170781</guid>
		<description><![CDATA[of course like your web-site however you have to check the spelling on several of your posts. Many of them are rife with spelling problems and I find it very bothersome to inform the truth on the other hand I&#039;ll certainly come back again.]]></description>
		<content:encoded><![CDATA[<p>of course like your web-site however you have to check the spelling on several of your posts. Many of them are rife with spelling problems and I find it very bothersome to inform the truth on the other hand I&#8217;ll certainly come back again.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: observer</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170731</link>
		<dc:creator><![CDATA[observer]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 04:17:04 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170731</guid>
		<description><![CDATA[d-reader surprises me everytime with his comments. I supported the PLP and will not in the future. I have my own mind and see what my vote has done to our country. Can&#039;t you feel what is going on? Can&#039;t you see what has happened? I know, you just can&#039;t have persons that don&#039;t look like you have a chance to make things better for all. Can&#039;t you see that without unity and a government that seeks incluesion we will continue to get worse. We have given them a chance and they failed. Our failure started when Mrs. Cox and the rest of the cabinet failed to control Dr. Brown. His administration lead us to where we are. He allowed the hate calling against the ones creating the jobs. He spent the money that we now need so dearly. He drove up the debt that we can&#039;t afford. He grew the civil service that half of our government purse waists in payrole. and our present leader allowed it to happen. Anyone with a concience would apologize for allowing this to happen and retire from parlament. I am sorry, but they need to be the opposition again and prove to the people again that they can do better. Until then I will not vote for them again!!!!!]]></description>
		<content:encoded><![CDATA[<p>d-reader surprises me everytime with his comments. I supported the PLP and will not in the future. I have my own mind and see what my vote has done to our country. Can&#8217;t you feel what is going on? Can&#8217;t you see what has happened? I know, you just can&#8217;t have persons that don&#8217;t look like you have a chance to make things better for all. Can&#8217;t you see that without unity and a government that seeks incluesion we will continue to get worse. We have given them a chance and they failed. Our failure started when Mrs. Cox and the rest of the cabinet failed to control Dr. Brown. His administration lead us to where we are. He allowed the hate calling against the ones creating the jobs. He spent the money that we now need so dearly. He drove up the debt that we can&#8217;t afford. He grew the civil service that half of our government purse waists in payrole. and our present leader allowed it to happen. Anyone with a concience would apologize for allowing this to happen and retire from parlament. I am sorry, but they need to be the opposition again and prove to the people again that they can do better. Until then I will not vote for them again!!!!!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Cancer</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170705</link>
		<dc:creator><![CDATA[Cancer]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 02:49:19 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170705</guid>
		<description><![CDATA[Truth original - your words are so very true! The PLP blind loyalists think that any one that criticizes the current government are just people supporting the OBA ! I know several people that were loyal to the PLP that are now tired of them who have decided they just wont vote - and yes that is their privilege. Many of those same PLP supporters say &quot;yes I think it maybe time for a change&quot;.  Blind loyalists like d-reader who support the PLP certainly cannot take criticism. He shud take note that many other of their hard core supporters that used to comment on this site don&#039;t even contribute presently probably because they are too embarrassed to do so. They realize the PLP have made a lot of mistakes in the past and continue to do so.  In my opinion the last five years are the worse years Bermuda has ever seen because of the useless efforts of ruling by this PLP flip flop government !]]></description>
		<content:encoded><![CDATA[<p>Truth original &#8211; your words are so very true! The PLP blind loyalists think that any one that criticizes the current government are just people supporting the OBA ! I know several people that were loyal to the PLP that are now tired of them who have decided they just wont vote &#8211; and yes that is their privilege. Many of those same PLP supporters say &#8220;yes I think it maybe time for a change&#8221;.  Blind loyalists like d-reader who support the PLP certainly cannot take criticism. He shud take note that many other of their hard core supporters that used to comment on this site don&#8217;t even contribute presently probably because they are too embarrassed to do so. They realize the PLP have made a lot of mistakes in the past and continue to do so.  In my opinion the last five years are the worse years Bermuda has ever seen because of the useless efforts of ruling by this PLP flip flop government !</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Hmmmm</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170701</link>
		<dc:creator><![CDATA[Hmmmm]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 02:40:26 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170701</guid>
		<description><![CDATA[OBA have nothing against government workers. That is all in your head !]]></description>
		<content:encoded><![CDATA[<p>OBA have nothing against government workers. That is all in your head !</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Hmmmm</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170697</link>
		<dc:creator><![CDATA[Hmmmm]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 02:32:23 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170697</guid>
		<description><![CDATA[Was she refering to her own presence and the effect of her and her colleagues actions perhaps.]]></description>
		<content:encoded><![CDATA[<p>Was she refering to her own presence and the effect of her and her colleagues actions perhaps.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Hmmmm</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170696</link>
		<dc:creator><![CDATA[Hmmmm]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 02:29:52 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170696</guid>
		<description><![CDATA[You really are clueless Voice of reason. It is quite shocking reading your tunnel visioned teenager level economic idealism. You have no clue.]]></description>
		<content:encoded><![CDATA[<p>You really are clueless Voice of reason. It is quite shocking reading your tunnel visioned teenager level economic idealism. You have no clue.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Fab!</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170682</link>
		<dc:creator><![CDATA[Fab!]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 01:56:28 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170682</guid>
		<description><![CDATA[Have they ever come in on time and in budget ever?  There are only so many ways u can cogulate the debt then what our pensions,must be crazy!]]></description>
		<content:encoded><![CDATA[<p>Have they ever come in on time and in budget ever?  There are only so many ways u can cogulate the debt then what our pensions,must be crazy!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Fab!</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170681</link>
		<dc:creator><![CDATA[Fab!]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 01:53:28 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170681</guid>
		<description><![CDATA[Have they ever come in on time and in budget ever?]]></description>
		<content:encoded><![CDATA[<p>Have they ever come in on time and in budget ever?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: PEPPER</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170666</link>
		<dc:creator><![CDATA[PEPPER]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 00:47:07 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170666</guid>
		<description><![CDATA[I think we all know that Paula, has no idea about finance.. she should resign and the sooner the better...to think we have her as our premier and dopey burgess as our deputy premier...]]></description>
		<content:encoded><![CDATA[<p>I think we all know that Paula, has no idea about finance.. she should resign and the sooner the better&#8230;to think we have her as our premier and dopey burgess as our deputy premier&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: blerg</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170663</link>
		<dc:creator><![CDATA[blerg]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 00:39:43 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170663</guid>
		<description><![CDATA[Govt is supposed to save during economic booms so as to be able to spend and keep citizens employed during busts. This lot spent into debt during the boom and now into the bust. Pretty dopey]]></description>
		<content:encoded><![CDATA[<p>Govt is supposed to save during economic booms so as to be able to spend and keep citizens employed during busts. This lot spent into debt during the boom and now into the bust. Pretty dopey</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Truth (Original)</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170662</link>
		<dc:creator><![CDATA[Truth (Original)]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 00:37:58 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170662</guid>
		<description><![CDATA[@d-reader- What does people expressing their displeasure with the Govt have to do with the OBA? 

Your assumptions:

1. Everyone who critiques the Govt MUST be an OBA supporter (False)
2. Everyone who is supported by an individual who works for Gov (not the PLP) will vote for the PLP

Many people are able to think for themselves, irrespective of your assumptions above. You make a serious mistake in thinking that everyone here who is dissatisfied with the PLP must be OBA.

Think on that.]]></description>
		<content:encoded><![CDATA[<p>@d-reader- What does people expressing their displeasure with the Govt have to do with the OBA? </p>
<p>Your assumptions:</p>
<p>1. Everyone who critiques the Govt MUST be an OBA supporter (False)<br />
2. Everyone who is supported by an individual who works for Gov (not the PLP) will vote for the PLP</p>
<p>Many people are able to think for themselves, irrespective of your assumptions above. You make a serious mistake in thinking that everyone here who is dissatisfied with the PLP must be OBA.</p>
<p>Think on that.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Educated Fools</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170647</link>
		<dc:creator><![CDATA[Educated Fools]]></dc:creator>
		<pubDate>Tue, 21 Feb 2012 00:02:03 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170647</guid>
		<description><![CDATA[Let me help you out:
 &quot;This is the fourth consecutive report that has not received a clean audit from the Auditor General, meaning that there remain serious questions about the integrity of the numbers. These questions, these doubts and uncertainties about the handling of the people’s money have become the norm for the government. It is disgraceful.&quot;

Key words there &quot;clean audit&quot;. Where did your quote come from?]]></description>
		<content:encoded><![CDATA[<p>Let me help you out:<br />
 &#8220;This is the fourth consecutive report that has not received a clean audit from the Auditor General, meaning that there remain serious questions about the integrity of the numbers. These questions, these doubts and uncertainties about the handling of the people’s money have become the norm for the government. It is disgraceful.&#8221;</p>
<p>Key words there &#8220;clean audit&#8221;. Where did your quote come from?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: 32n64w</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170646</link>
		<dc:creator><![CDATA[32n64w]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 23:57:45 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170646</guid>
		<description><![CDATA[Exactly where and when did Ms. Cox admit there were dark clouds on the horizon?  Her actions and decisions as Finance Minister certainly don&#039;t support that observation.]]></description>
		<content:encoded><![CDATA[<p>Exactly where and when did Ms. Cox admit there were dark clouds on the horizon?  Her actions and decisions as Finance Minister certainly don&#8217;t support that observation.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: 32n64w</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170642</link>
		<dc:creator><![CDATA[32n64w]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 23:54:39 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170642</guid>
		<description><![CDATA[I disagree.  The Government&#039;s role is to implement policy to encourage private sector job creation.  Their role is not to encourage or support a nanny state, especially considering the fact we can&#039;t print money as a way out of our current PLP predicament.]]></description>
		<content:encoded><![CDATA[<p>I disagree.  The Government&#8217;s role is to implement policy to encourage private sector job creation.  Their role is not to encourage or support a nanny state, especially considering the fact we can&#8217;t print money as a way out of our current PLP predicament.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: d-reader</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170632</link>
		<dc:creator><![CDATA[d-reader]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 23:40:32 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170632</guid>
		<description><![CDATA[do these figures

5000 persons work for bda government
these 5000 persons support on average @ least 2 other persons
so just hazarding a guess
thats 12-15000 voters

with the degrading comments spewed on here about government workers
how many of those 12000-15000 will vote for oba?]]></description>
		<content:encoded><![CDATA[<p>do these figures</p>
<p>5000 persons work for bda government<br />
these 5000 persons support on average @ least 2 other persons<br />
so just hazarding a guess<br />
thats 12-15000 voters</p>
<p>with the degrading comments spewed on here about government workers<br />
how many of those 12000-15000 will vote for oba?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Black Bermudian in IB</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170616</link>
		<dc:creator><![CDATA[Black Bermudian in IB]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 23:17:38 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170616</guid>
		<description><![CDATA[53% is barely a majority.  Sorry to say this but Front st. does way more for Court st. than the inverse.  Lose Front st. and both go!  Undeniable fact...]]></description>
		<content:encoded><![CDATA[<p>53% is barely a majority.  Sorry to say this but Front st. does way more for Court st. than the inverse.  Lose Front st. and both go!  Undeniable fact&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Cancer</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170613</link>
		<dc:creator><![CDATA[Cancer]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 23:12:13 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170613</guid>
		<description><![CDATA[@Voice of reason - maybe you should change your pen name because I see no reason in your statements. First let me tell you this (which your not going to take heed to anyway). The times when we had a government that you say only worried about front steer are gone. Those were the days under the old guard of the UBP. The OBA is about inclusiveness, direction and moving forward with good governance. No one wants to go back to the days when there was no level playing. You need no apologize to me because you think my life has gotten worse under this government and hood for you if yours has gotten better. Were you one of the ones that got &quot;hooked up&quot; like every other friend of this government? Because that&#039;s what they are all about - taking care of their friend like you.. Instead of caring about all of Bermuda! That being the case, most people have gotten poorer, small businesses have been ruined, we can&#039;t find anyone that would even dare invest in a hotel in 
Bermuda, every policy the PLP has tried to introduce it&#039;s been controversy and the policy had to be pulled and revisited because it wasn&#039;t thought thru properly by the PLP, and most of all the country is damm broke! So how dare you say your life is better when the majority of people (bermudians) are out here struggling. Your definitely a PLP blind loyalist to even dare make your comments and think that people are better off. The PLP have embarrassed Bermuda internationally and we are the laughing stock of other counties so you need to take your blinders off and see exactly where we are. Paula &quot;the Cog&quot; Cox and the PLP are not the one that can pull us out of this depression and it&#039;s time for a change with new leadership and a new government. If the PLP are voted back in to run his country then we as Bermudians deserve the beating we are currently getting and deserve the beating we will continue to get in the future. Im happy for you because you were one of &quot;the ace boys&quot; !The time for change is NOW!]]></description>
		<content:encoded><![CDATA[<p>@Voice of reason &#8211; maybe you should change your pen name because I see no reason in your statements. First let me tell you this (which your not going to take heed to anyway). The times when we had a government that you say only worried about front steer are gone. Those were the days under the old guard of the UBP. The OBA is about inclusiveness, direction and moving forward with good governance. No one wants to go back to the days when there was no level playing. You need no apologize to me because you think my life has gotten worse under this government and hood for you if yours has gotten better. Were you one of the ones that got &#8220;hooked up&#8221; like every other friend of this government? Because that&#8217;s what they are all about &#8211; taking care of their friend like you.. Instead of caring about all of Bermuda! That being the case, most people have gotten poorer, small businesses have been ruined, we can&#8217;t find anyone that would even dare invest in a hotel in<br />
Bermuda, every policy the PLP has tried to introduce it&#8217;s been controversy and the policy had to be pulled and revisited because it wasn&#8217;t thought thru properly by the PLP, and most of all the country is damm broke! So how dare you say your life is better when the majority of people (bermudians) are out here struggling. Your definitely a PLP blind loyalist to even dare make your comments and think that people are better off. The PLP have embarrassed Bermuda internationally and we are the laughing stock of other counties so you need to take your blinders off and see exactly where we are. Paula &#8220;the Cog&#8221; Cox and the PLP are not the one that can pull us out of this depression and it&#8217;s time for a change with new leadership and a new government. If the PLP are voted back in to run his country then we as Bermudians deserve the beating we are currently getting and deserve the beating we will continue to get in the future. Im happy for you because you were one of &#8220;the ace boys&#8221; !The time for change is NOW!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rick Rock</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170612</link>
		<dc:creator><![CDATA[Rick Rock]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 23:09:53 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170612</guid>
		<description><![CDATA[You&#039;d have to deny healthcare to seniors?  Is that the nonsense you&#039;re spouting?  No.  Here&#039;s a few things we could have done differently. We could have done away with about 200 unnecessary government cars for the last 14 years.  We could have reduce unnecessary luxury travel, which is still first class, and still takes place.  We could have done without multimillion dollar vanity projects, like $3m music festivals several years in a row.  We could have avoided the $28m wasted on Global Hue, for which we got nothing in return.  And the same for all the useless (but well-connected) &quot;consultants&quot; who got millions during the Brown years.  We could have collected the $7m Performance Bond that the government was entitled to, rather than letting off the entity that collected a $700,000 premium with no intention of ever paying.  We could have had proper competitive bids for large building contracts, rather than the &quot;boys club&quot; of PLP insiders we&#039;ve had for years.  We could have managed debt and lived within our means.  As little as 7 or 8 years ago we were a rich country, with resources, and choices.  What did we do?  Alienate and decimate the tax base, and spend like drunken sailors.   

What a mess you lot have made.  And you have no idea at all what to do about it.]]></description>
		<content:encoded><![CDATA[<p>You&#8217;d have to deny healthcare to seniors?  Is that the nonsense you&#8217;re spouting?  No.  Here&#8217;s a few things we could have done differently. We could have done away with about 200 unnecessary government cars for the last 14 years.  We could have reduce unnecessary luxury travel, which is still first class, and still takes place.  We could have done without multimillion dollar vanity projects, like $3m music festivals several years in a row.  We could have avoided the $28m wasted on Global Hue, for which we got nothing in return.  And the same for all the useless (but well-connected) &#8220;consultants&#8221; who got millions during the Brown years.  We could have collected the $7m Performance Bond that the government was entitled to, rather than letting off the entity that collected a $700,000 premium with no intention of ever paying.  We could have had proper competitive bids for large building contracts, rather than the &#8220;boys club&#8221; of PLP insiders we&#8217;ve had for years.  We could have managed debt and lived within our means.  As little as 7 or 8 years ago we were a rich country, with resources, and choices.  What did we do?  Alienate and decimate the tax base, and spend like drunken sailors.   </p>
<p>What a mess you lot have made.  And you have no idea at all what to do about it.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: jt</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170600</link>
		<dc:creator><![CDATA[jt]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 22:44:18 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170600</guid>
		<description><![CDATA[But are their lives better because they took advantage of an opportunity and earned it, or because it was provided? The cost being that it will be unstainable for anyone&#039;s children. 

Regardless, cannot buy the arguement that there are lots of people who are currently better off. Some - I have no doubt.]]></description>
		<content:encoded><![CDATA[<p>But are their lives better because they took advantage of an opportunity and earned it, or because it was provided? The cost being that it will be unstainable for anyone&#8217;s children. </p>
<p>Regardless, cannot buy the arguement that there are lots of people who are currently better off. Some &#8211; I have no doubt.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Voice of Reason</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170596</link>
		<dc:creator><![CDATA[Voice of Reason]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 22:34:58 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170596</guid>
		<description><![CDATA[It was before 1998, that much i can tell you.]]></description>
		<content:encoded><![CDATA[<p>It was before 1998, that much i can tell you.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rosy view ..not !</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170593</link>
		<dc:creator><![CDATA[Rosy view ..not !]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 22:31:44 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170593</guid>
		<description><![CDATA[Let&#039;s see how good  you and all the other &#039;will never vote for anyone else&#039;s peoples&#039; lives are when you find your PLP  government coming after you for the MORE than  $200,000  you owe them. I bet you&#039;re better off now than  you ever were ...yeah , I&#039;ve got a bridge for sale too .  I bet you have an unneeded $250,000  sitting around that you just  want to part with because you&#039;re doing sooo much better now and  want to give it away .

Ya&#039;ll  just don&#039;t get it .]]></description>
		<content:encoded><![CDATA[<p>Let&#8217;s see how good  you and all the other &#8216;will never vote for anyone else&#8217;s peoples&#8217; lives are when you find your PLP  government coming after you for the MORE than  $200,000  you owe them. I bet you&#8217;re better off now than  you ever were &#8230;yeah , I&#8217;ve got a bridge for sale too .  I bet you have an unneeded $250,000  sitting around that you just  want to part with because you&#8217;re doing sooo much better now and  want to give it away .</p>
<p>Ya&#8217;ll  just don&#8217;t get it .</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Voice of Reason</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170592</link>
		<dc:creator><![CDATA[Voice of Reason]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 22:31:35 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170592</guid>
		<description><![CDATA[Just to be clear, from 1999 - 2006, the Government debt increased by only $100 million and debt as a percentage of GDP remained (some years it declined, some years it increased) at the same level at 1998 

Thought the Government didn&#039;t technically &quot;save&quot; during the good times, they didn&#039;t exactly spend wildly. This fiscal discipline allowed the government to borrow money during the recession that they wouldn&#039;t have been able to borrow if they spent wildly during the good times. 

Also, i think its inaccurate to say the PLP thought the Good times would never end. In 2008, both the Minister of Finance and the Shadow Finance Minister admitted that there were dark clouds on the horizon. No one (Bermuda or Worldwide) in Feb of 2008 however thought the entire financial system may collapse. 

Our Debt didn&#039;t start its scary (Yes I am a PLP supporter) shooting upwards until 2008, however at that point revenues were already under pressure. I say all of this to say, the myth that the PLP spend wildly during the good times is just that, a myth.]]></description>
		<content:encoded><![CDATA[<p>Just to be clear, from 1999 &#8211; 2006, the Government debt increased by only $100 million and debt as a percentage of GDP remained (some years it declined, some years it increased) at the same level at 1998 </p>
<p>Thought the Government didn&#8217;t technically &#8220;save&#8221; during the good times, they didn&#8217;t exactly spend wildly. This fiscal discipline allowed the government to borrow money during the recession that they wouldn&#8217;t have been able to borrow if they spent wildly during the good times. </p>
<p>Also, i think its inaccurate to say the PLP thought the Good times would never end. In 2008, both the Minister of Finance and the Shadow Finance Minister admitted that there were dark clouds on the horizon. No one (Bermuda or Worldwide) in Feb of 2008 however thought the entire financial system may collapse. </p>
<p>Our Debt didn&#8217;t start its scary (Yes I am a PLP supporter) shooting upwards until 2008, however at that point revenues were already under pressure. I say all of this to say, the myth that the PLP spend wildly during the good times is just that, a myth.</p>
]]></content:encoded>
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		<title>By: Angry Tax Payer</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170580</link>
		<dc:creator><![CDATA[Angry Tax Payer]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 22:11:15 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170580</guid>
		<description><![CDATA[Beautiful &quot;straight up&quot; words spoken by Bob Richards.]]></description>
		<content:encoded><![CDATA[<p>Beautiful &#8220;straight up&#8221; words spoken by Bob Richards.</p>
]]></content:encoded>
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		<title>By: Voice of Reason</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170576</link>
		<dc:creator><![CDATA[Voice of Reason]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 22:01:24 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170576</guid>
		<description><![CDATA[Let me help you with that Portia as this is a point that is often missed. 

Governments are not people. Business cycles (http://en.wikipedia.org/wiki/Business_cycle) happen where economies expand and contract. When economies contract, government&#039;s deploy typically increase spending to compensate for the private spending that you mention (business cutbacks &amp; household belt tightening). 

As Bermuda doesn&#039;t print money, the only way the government can provide stimulus is via spending. That spending must be paid for by borrowing the funds to spend on Stimulus. 

Also, a part of that same stimulus is not cutting back on services (jobs) during a recession as you will only make the recession worse by putting more people out of work which reduces private demand which reduces tax revenue which then causes the government to lay off more people. 

The Government by and large adopted the right policy, the challenge is the recession lasted longer than anyone in the world imagined it would, and the ability to continue to borrow is questionable. 

I hope that helps.]]></description>
		<content:encoded><![CDATA[<p>Let me help you with that Portia as this is a point that is often missed. </p>
<p>Governments are not people. Business cycles (<a href="http://en.wikipedia.org/wiki/Business_cycle" rel="nofollow">http://en.wikipedia.org/wiki/Business_cycle</a>) happen where economies expand and contract. When economies contract, government&#8217;s deploy typically increase spending to compensate for the private spending that you mention (business cutbacks &amp; household belt tightening). </p>
<p>As Bermuda doesn&#8217;t print money, the only way the government can provide stimulus is via spending. That spending must be paid for by borrowing the funds to spend on Stimulus. </p>
<p>Also, a part of that same stimulus is not cutting back on services (jobs) during a recession as you will only make the recession worse by putting more people out of work which reduces private demand which reduces tax revenue which then causes the government to lay off more people. </p>
<p>The Government by and large adopted the right policy, the challenge is the recession lasted longer than anyone in the world imagined it would, and the ability to continue to borrow is questionable. </p>
<p>I hope that helps.</p>
]]></content:encoded>
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	<item>
		<title>By: Voice of Reason</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170561</link>
		<dc:creator><![CDATA[Voice of Reason]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 21:40:18 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170561</guid>
		<description><![CDATA[Let me help you out, and this is from the same reports you claim to be unaudited. 

&quot;The financial statements present fairly, in all material respects, the
financial position of the Consolidated Fund of the Government of
Bermuda as at March 31, 20111, and the results of its operations, the
changes in its net debt, and its cash flows for the year ended in
accordance with public sector accounting standards generally accepted
in Bermuda and Canada.&quot;   - Heather Jacob&#039;s Matthews - Bermuda Auditor General. 

Those are Audited figures.]]></description>
		<content:encoded><![CDATA[<p>Let me help you out, and this is from the same reports you claim to be unaudited. </p>
<p>&#8220;The financial statements present fairly, in all material respects, the<br />
financial position of the Consolidated Fund of the Government of<br />
Bermuda as at March 31, 20111, and the results of its operations, the<br />
changes in its net debt, and its cash flows for the year ended in<br />
accordance with public sector accounting standards generally accepted<br />
in Bermuda and Canada.&#8221;   &#8211; Heather Jacob&#8217;s Matthews &#8211; Bermuda Auditor General. </p>
<p>Those are Audited figures.</p>
]]></content:encoded>
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		<title>By: Robb</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170557</link>
		<dc:creator><![CDATA[Robb]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 21:35:55 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170557</guid>
		<description><![CDATA[This is the fourth set of Government accounts that have been qualified, so 2007 to 2011.]]></description>
		<content:encoded><![CDATA[<p>This is the fourth set of Government accounts that have been qualified, so 2007 to 2011.</p>
]]></content:encoded>
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	<item>
		<title>By: Truth (Original)</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170552</link>
		<dc:creator><![CDATA[Truth (Original)]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 21:30:30 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170552</guid>
		<description><![CDATA[@ Vote for Me- &quot;The interest on debt appears to be a necessary evil – govt has a choice. Borrow money to provide support or cut the support. Which woud you choose?&quot;

Unfortunately this question addresses where we have ended up. If fails to address how we got in this position and that is the source of people&#039;s frustration. How you have framed it suggests that the Govts hands are tied and somehow gives the impression that they are victims who are trying to make the best out of a bad situation.

The truth is that they have very much caused these issues that we find ourselves in and there is no accountability for it. The reality is that no one can live beyond their means and if they do, there is a reckoning. When a Govt lives beyond its means, it had to make meaningful cuts and I believe that those cuts should start with the Govt. What is happening at the moment is that the cuts are being spread over the people yet little is changing in the spending habits of this Govt. 

Example- I can only imagine what the cell phone bills are all who have a Black Berry on and functioning during international travel. Data packages are extremely expensive but there are things that you can do to minimize that cost  ..like turn the data off until you have a wifi signal to utilize. Obviously that wouldn&#039;t work for all members travelling but certainly everyone travelling doesn&#039;t have to incur a $500+ bill for the sake of recieving emails 24/7. That would be an example of cutting costs with the Govt. I would LOVE to know how much the cell phone bills are...]]></description>
		<content:encoded><![CDATA[<p>@ Vote for Me- &#8220;The interest on debt appears to be a necessary evil – govt has a choice. Borrow money to provide support or cut the support. Which woud you choose?&#8221;</p>
<p>Unfortunately this question addresses where we have ended up. If fails to address how we got in this position and that is the source of people&#8217;s frustration. How you have framed it suggests that the Govts hands are tied and somehow gives the impression that they are victims who are trying to make the best out of a bad situation.</p>
<p>The truth is that they have very much caused these issues that we find ourselves in and there is no accountability for it. The reality is that no one can live beyond their means and if they do, there is a reckoning. When a Govt lives beyond its means, it had to make meaningful cuts and I believe that those cuts should start with the Govt. What is happening at the moment is that the cuts are being spread over the people yet little is changing in the spending habits of this Govt. </p>
<p>Example- I can only imagine what the cell phone bills are all who have a Black Berry on and functioning during international travel. Data packages are extremely expensive but there are things that you can do to minimize that cost  ..like turn the data off until you have a wifi signal to utilize. Obviously that wouldn&#8217;t work for all members travelling but certainly everyone travelling doesn&#8217;t have to incur a $500+ bill for the sake of recieving emails 24/7. That would be an example of cutting costs with the Govt. I would LOVE to know how much the cell phone bills are&#8230;</p>
]]></content:encoded>
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		<title>By: $HOW ME THE MONEY</title>
		<link>https://bernews.com/2012/02/obas-richards-on-financial-results/#comment-170550</link>
		<dc:creator><![CDATA[$HOW ME THE MONEY]]></dc:creator>
		<pubDate>Mon, 20 Feb 2012 21:27:23 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=112701#comment-170550</guid>
		<description><![CDATA[@voice of reason -your words smell like vomit -the PLP experiment is a failure]]></description>
		<content:encoded><![CDATA[<p>@voice of reason -your words smell like vomit -the PLP experiment is a failure</p>
]]></content:encoded>
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