Comments on: Opinion: Bermuda & ‘Austerity Spending Mode’

By: Raymond Ray

Raymond Ray — Sat, 29 Nov 2014 17:00:45 +0000

That has been already mentioned by the Minister: “all labour will be done by locals” The backing of the project will come from C.C.C. and we will pay them back,(plus a profit of course) over a period of 30 years! What is wrong with that “ulot” around there at Alaska Hall? This is win-win opportunity for everyone on this Island…Even Lance Hayward could have seen it

By: Mr.Ed

Mr.Ed — Sat, 29 Nov 2014 13:16:50 +0000

In the 1970s, 80′s, 90′s several people including Govt.MP’s on both sides of the political fence predicted that
Bermuda would reach its peak in Ecconomic prosperity and Spending in the early part of the 21st century
and a unsettling Kaos and Political unrest will follow after that, if it is not controlled properly – a blind eye was tuned on by many in power right up to the year 2006.
Well what do we have today! – from here on growth will come slow and painful. – regardless who or what political Party runs
Bermuda.– The PLP just enhanced what was about to come and the OBA can’t seem to shake it — but there trying – and a good try
is better then nothing at all.– they have to were all in this together!
Remember we still have to pay of the huge 2 Billion Dollar Debt we have – I do wonder just how much we have paid on it
and what is the balance.
NOTICE: From 1998 to 2010 only a few were concerned about spending – but now’ even if the Premier Flys out to do Bermuda’s Business and stays in a Motel Six for $25 a night noise is going to be made — thats how uptight we have become.

By: swing voter

swing voter — Sat, 29 Nov 2014 02:24:57 +0000

Build the damn airport….but ensure that the working middle class benefit i.e. construction and support jobs, airport operations, etc…..I don’t mind the 30yr lease as long as it doesn’t include imported labor while we are on the side-lines. that agreement has to protect the local work force.

By: BermyL

BermyL — Fri, 28 Nov 2014 17:59:21 +0000

I don’t follow what you’re saying. Are you saying that they should or should not do the airport deal? or that the airport deal will or will not help the middle class.

Please explain.

By: Justin

Justin — Fri, 28 Nov 2014 14:18:55 +0000

Errrrr, I didn’t know ghosts or robots paid payroll taxes so your equation is flawed… Increased payroll taxes must mean there is an increase in total payroll in Bermuda which probably means there are more jobs.

By: Trulytruly

Trulytruly — Fri, 28 Nov 2014 14:04:27 +0000

Does this mean we should stop trying?

By: swing voter

swing voter — Fri, 28 Nov 2014 13:29:41 +0000

I don’t care who is running the current government, outsourcing, 30yr contracts, privatization, etc….just bring us back to prosperity and save the middle class that drive the economy. No middle class, no economic recovery

By: Justin

Justin — Fri, 28 Nov 2014 12:37:34 +0000

Yes, and due to complaints from I’m guessing the PLP faithful, the new work permit policy has been put on hold. What effect do you think this will have on resident population?

By: Vested

Vested — Fri, 28 Nov 2014 12:30:05 +0000

I have only one question when I read you harping on about growing our population –

There are NO jobs for a migrant population to come into. End of story.

GDP growth = new company formation = increases in payroll taxes = expansion within IB does not equal new jobs in Bermuda. Thus growth of res pop is not going to happen to the degree necessary any time soon.