Comments on: Fiscal Responsibility Panel Annual Assessment https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/ Bermuda's #1 source for 24/7 breaking news, photos & videos Thu, 09 Apr 2026 13:39:15 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: La Verdad https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418391 Sun, 24 Jan 2021 19:45:56 +0000 https://bernews.com/?p=1036757#comment-5418391 Tangible, Achievable Cuts:

Stop Acting pay immediately except in vacant posts
Cut ALL budgets by 30% including QUANGOS
Stop ALL travel
Park ALL government cars for 6 months
Cut ALL salaries/wages by 5% for 6 months.

]]> By: Joe Bloggs https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418281 Sun, 24 Jan 2021 16:18:50 +0000 https://bernews.com/?p=1036757#comment-5418281 “For a fiscal responsibility panel they sound pretty inept.”

No, they simply have a perspective which informs their opinions. Look at who appointed them.

Did you really think a PLP government would appoint a bunch of Hawks to a fiscal responsibility panel?

]]> By: Codfishandpotatoes https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418220 Sun, 24 Jan 2021 14:01:29 +0000 https://bernews.com/?p=1036757#comment-5418220 The fact that the PLP government has no plan for recovery means we are in a economic death spiral. If the government is waiting for tourism to recover, we are doomed. Tourism will not be back in 2021 in any meaningful way so how long does the government plan to pay people for doing nothing? Running busses with 17 people is not sustainable. Paying immigration officers when no one is coming to Bermuda is not sustainable. The same follows with stimulus checks to hotel, bar and restaurant workers. Not sustainable. Instead of the endless, insufferably boring news conferences on COVID, the government should be helping us figure out ways to minimize spending and how to redeploy workers to perform needed functions. If this does not start soon, we will find the overseas lenders will find us high risk and turn the money tap off. We are in debt for the next 50 years and adding to the mountain.
The kicker is the PLP think they have the answers because the have a major advantage in the House. Truth is – this was an election based in COVID success, not the economy.

]]> By: Kim Smith https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418175 Sun, 24 Jan 2021 09:47:53 +0000 https://bernews.com/?p=1036757#comment-5418175 Definition of fiscal responsibility: For government institutions fiscal responsibility describes the ability to balance between government spending and tax.

“The Government will need to impose a tight budgetary regime in 2021-22; an across the board cut in most major spending Departments and agencies is both justified and necessary,” the document said.

Once that exercise has been mapped, they will know better what level of new tax, if any, will be needed. Transparency of that stage would also be necessary.

]]> By: aceboy https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418173 Sun, 24 Jan 2021 09:36:46 +0000 https://bernews.com/?p=1036757#comment-5418173 I would call this fiscal irresponsibility. You cannot grow an economy by taxing it out of existence.

What happened to cannabis legalization? That would actually provide a new source of revenue.

We cannot afford the PLP and all their spending on themselves.

]]> By: Tired of Paying https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418092 Sun, 24 Jan 2021 02:10:57 +0000 https://bernews.com/?p=1036757#comment-5418092 Why is the government always looking at ways to tax more! Why not look at where they waste and how we can save so that we can do more with less.

For example: STOP WASTING MONEY ON ALL THESE USELESS COMMISSIONS, STUDIES AND REPORTS! Especially, since you rarely act on any of them.

Your telling me that as THE GOVERNEMENT you couldn’t all come together, and come up with these ideas? You are not capable of coming up with anything more creative than this?

LEAD, FOLLOW or GET OUT OF THE WAY! STOP MAKING UP ALL PAY FOR YOUR SCREW UPS!

]]> By: wahoo https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418078 Sun, 24 Jan 2021 01:21:20 +0000 https://bernews.com/?p=1036757#comment-5418078 Would appear that we are 20 years too late to use the term “fiscal responsibility”.

]]> By: Use the expertise https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5418064 Sun, 24 Jan 2021 00:25:57 +0000 https://bernews.com/?p=1036757#comment-5418064 It is beginning to look like experts and commissions should give us what we want to hear. This one is preparing for the future but it simply won’t happen. So why bother having them. There are lots of areas where there could be savings but it ain’t gonna happen. They will leave it to the next generation.

]]> By: Toodle-oo https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5417992 Sat, 23 Jan 2021 19:27:21 +0000 https://bernews.com/?p=1036757#comment-5417992 Just what we don’t need . Already one of the most expensive places on earth due to taxes and they want to impose more and raise existing ones .
For a fiscal responsibility panel they sound pretty inept.
Where’s the recommendations to grow the economy and drastically trim government expenses ?

]]> By: Vortex https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5417965 Sat, 23 Jan 2021 17:29:37 +0000 https://bernews.com/?p=1036757#comment-5417965 Its a bleak picture of decades of PLP over-spending.

Covet International Business, its all we’ve got.

Cut the bloated civil service by not replacing those who retire.

]]> By: Sandgrownan https://bernews.com/2021/01/fiscal-responsibility-panel-annual-assessment-3/#comment-5417952 Sat, 23 Jan 2021 16:01:42 +0000 https://bernews.com/?p=1036757#comment-5417952 The PLP own this, all of it. Failures. 20 years of incompetence and failure.

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