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	<title>Comments on: Opinion: &#8220;When One Plus One Equals Eleven&#8221;</title>
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		<title>By: Tree Hugger</title>
		<link>https://bernews.com/2015/03/one-plus-one-equals-eleven/#comment-2823158</link>
		<dc:creator><![CDATA[Tree Hugger]]></dc:creator>
		<pubDate>Sat, 21 Mar 2015 06:15:55 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=375193#comment-2823158</guid>
		<description><![CDATA[Premier Cox, a lawyer, was out of her depth with Minister of Finance portfolio. Understandably honouring her father was one reason to give her the portfolio. Our dillema got worse under her leading the purse strings

At all levels of Bermuda we have to depart from the wait your turn and being polite for the sake of it just to avoid hurting someone&#039;s feelings.

Minister Richards doesnt seem to have the sting or substance in his bite that he professess. So please OBA bring in a strong capable CFO from industry even on a secondment basis for 2 years to navigate us out of these choppy waters, bring them through the Senate and lets get this done - 3 names come to mind from OBA membership/prior Caucus.]]></description>
		<content:encoded><![CDATA[<p>Premier Cox, a lawyer, was out of her depth with Minister of Finance portfolio. Understandably honouring her father was one reason to give her the portfolio. Our dillema got worse under her leading the purse strings</p>
<p>At all levels of Bermuda we have to depart from the wait your turn and being polite for the sake of it just to avoid hurting someone&#8217;s feelings.</p>
<p>Minister Richards doesnt seem to have the sting or substance in his bite that he professess. So please OBA bring in a strong capable CFO from industry even on a secondment basis for 2 years to navigate us out of these choppy waters, bring them through the Senate and lets get this done &#8211; 3 names come to mind from OBA membership/prior Caucus.</p>
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		<title>By: San George</title>
		<link>https://bernews.com/2015/03/one-plus-one-equals-eleven/#comment-2822552</link>
		<dc:creator><![CDATA[San George]]></dc:creator>
		<pubDate>Fri, 20 Mar 2015 18:57:44 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=375193#comment-2822552</guid>
		<description><![CDATA[This austerity administration is going to put this country in a world of hurt.  Bob Richards thinks he is a &quot;boot-strapper&quot; - he is not.  Those people being let go will fail to pay their rent and the rest of their bills at the end of April.  We all exist due to Mercy and Grace.

This country is in a depression Mr. Burchall - go research the characteristics of that i.e. 13% delinquency rate on debt, massive decline in real estate values, job losses and a political party leading the country in the absence of a vision.  

Quo Fata Ferunt]]></description>
		<content:encoded><![CDATA[<p>This austerity administration is going to put this country in a world of hurt.  Bob Richards thinks he is a &#8220;boot-strapper&#8221; &#8211; he is not.  Those people being let go will fail to pay their rent and the rest of their bills at the end of April.  We all exist due to Mercy and Grace.</p>
<p>This country is in a depression Mr. Burchall &#8211; go research the characteristics of that i.e. 13% delinquency rate on debt, massive decline in real estate values, job losses and a political party leading the country in the absence of a vision.  </p>
<p>Quo Fata Ferunt</p>
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		<title>By: FrankTalk</title>
		<link>https://bernews.com/2015/03/one-plus-one-equals-eleven/#comment-2822258</link>
		<dc:creator><![CDATA[FrankTalk]]></dc:creator>
		<pubDate>Fri, 20 Mar 2015 15:00:13 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=375193#comment-2822258</guid>
		<description><![CDATA[This statement: &quot;the pattern of borrowing and overspending is unchanged&quot; is incorrect.

The rate of increase in in the national debt HAS SLOWED and we would expect this to reverse and start to decrease at some point.

The current government, for what you might call &quot;touchly feely&quot; reasons as chosen not to pursues this reversal a quickly as some might like.]]></description>
		<content:encoded><![CDATA[<p>This statement: &#8220;the pattern of borrowing and overspending is unchanged&#8221; is incorrect.</p>
<p>The rate of increase in in the national debt HAS SLOWED and we would expect this to reverse and start to decrease at some point.</p>
<p>The current government, for what you might call &#8220;touchly feely&#8221; reasons as chosen not to pursues this reversal a quickly as some might like.</p>
]]></content:encoded>
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		<title>By: Lois Frederick</title>
		<link>https://bernews.com/2015/03/one-plus-one-equals-eleven/#comment-2822213</link>
		<dc:creator><![CDATA[Lois Frederick]]></dc:creator>
		<pubDate>Fri, 20 Mar 2015 14:25:45 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=375193#comment-2822213</guid>
		<description><![CDATA[&quot;Despite a change in political administrations there has been no change in borrowing and overspending&quot;. Is that actually correct? The OBA has reduced spending by 7% last year and will cut at least 3.5% on top of that this coming year. The last PLP year in power the deficit was around $330m? whereas this coming year it is predicted to be $279m? Isn&#039;t that a real change in overspending. If they weren&#039;t actually cutting spending, why is everyone complaining about services being cut?  The debt level continues to rise because to cut $300m off the annual budget instantly would really cause instability. It has to be a gradual process and even that is causing angst. 

The OBA are betting big time on inward investment specifically into Tourism to boost revenues and create jobs. I know Larry has expressed his doubts and we have all been let down over many years with false promises, but they seem to be pulling it off, despite the static that occurs daily. Although I really like Larry&#039;s efforts and work and I agree with most he says. the realities dictate that the answers to our severe problems cannot be solved overnight. The OBA are working hard, though not perfectly, to turn the situation around without causing real strife. 

To say that there is no difference between the two administrations is a stretch. The intent is vastly different. The former PLP premier even went so far as to say that a balance budget wasn&#039;t her objective! No wonder we are where we find ourselves. At least, thank God, Bob Richards doesn&#039;t share that economic theory and to me that should make a big difference in the outcome.]]></description>
		<content:encoded><![CDATA[<p>&#8220;Despite a change in political administrations there has been no change in borrowing and overspending&#8221;. Is that actually correct? The OBA has reduced spending by 7% last year and will cut at least 3.5% on top of that this coming year. The last PLP year in power the deficit was around $330m? whereas this coming year it is predicted to be $279m? Isn&#8217;t that a real change in overspending. If they weren&#8217;t actually cutting spending, why is everyone complaining about services being cut?  The debt level continues to rise because to cut $300m off the annual budget instantly would really cause instability. It has to be a gradual process and even that is causing angst. </p>
<p>The OBA are betting big time on inward investment specifically into Tourism to boost revenues and create jobs. I know Larry has expressed his doubts and we have all been let down over many years with false promises, but they seem to be pulling it off, despite the static that occurs daily. Although I really like Larry&#8217;s efforts and work and I agree with most he says. the realities dictate that the answers to our severe problems cannot be solved overnight. The OBA are working hard, though not perfectly, to turn the situation around without causing real strife. </p>
<p>To say that there is no difference between the two administrations is a stretch. The intent is vastly different. The former PLP premier even went so far as to say that a balance budget wasn&#8217;t her objective! No wonder we are where we find ourselves. At least, thank God, Bob Richards doesn&#8217;t share that economic theory and to me that should make a big difference in the outcome.</p>
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		<title>By: Sickofantz</title>
		<link>https://bernews.com/2015/03/one-plus-one-equals-eleven/#comment-2822210</link>
		<dc:creator><![CDATA[Sickofantz]]></dc:creator>
		<pubDate>Fri, 20 Mar 2015 14:21:31 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=375193#comment-2822210</guid>
		<description><![CDATA[Solutions Larry? How would you have improved on the OBA Budget?]]></description>
		<content:encoded><![CDATA[<p>Solutions Larry? How would you have improved on the OBA Budget?</p>
]]></content:encoded>
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		<title>By: LiarLiar</title>
		<link>https://bernews.com/2015/03/one-plus-one-equals-eleven/#comment-2822192</link>
		<dc:creator><![CDATA[LiarLiar]]></dc:creator>
		<pubDate>Fri, 20 Mar 2015 14:00:51 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=375193#comment-2822192</guid>
		<description><![CDATA[Reality is a bitter pill for many too swallow in this island.

Only a complete collapse of our financial independence (which isn&#039;t too far fetched of as of now) will enlighten many as to the severity of the situation.  But by that time it will be too late.

No matter what political Party you put in power or remove, the basic math remains the same.

People that are vehemently fighting against a reduction in Government expenditure are essentially fighting against the best interest of Bermuda and her people.

Well articulated as usual Mr. Burchall.]]></description>
		<content:encoded><![CDATA[<p>Reality is a bitter pill for many too swallow in this island.</p>
<p>Only a complete collapse of our financial independence (which isn&#8217;t too far fetched of as of now) will enlighten many as to the severity of the situation.  But by that time it will be too late.</p>
<p>No matter what political Party you put in power or remove, the basic math remains the same.</p>
<p>People that are vehemently fighting against a reduction in Government expenditure are essentially fighting against the best interest of Bermuda and her people.</p>
<p>Well articulated as usual Mr. Burchall.</p>
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