Looking Ahead For The Better

Submitted by Old Onion Bags

Minister of Finance Chris Sinckler

The taxation assault that was unleashed on Barbados, has brought about what is occasioned today …a total slow down of the economy and negative or no growth pattern during the five year implemented. It was a mistake to increase VAT from 15% to 17.50% in order to bring additional revenue in a time of recession as was warned by Mascoll, Justin Robinson of UWI and Owen Arthur of the opposition. If I remember right, the analogy was to be likened to “an air plane taking off with four open parachutes”… It was suggested that this would stifle any growth, the struggling economy was stimulating on its own at that time.

Regardless of the warnings of these recognized economists, the tax increase was implemented with the predicted results…a barren economy..stagflation occasioned with increased inflation and a decline in”real” revenues.

Has anybody even as much as flinch to remove or introduce any other corrective fiscal measures to rescue this economy from entering total morass.? No… to-date instead, we hear of more monies to be taken from our NIS fund. More money to fuel us down a Four Seasons path with no foreseeable end in sight. Furthermore, we now hear of the blame game, with finger pointing and no cohesion in the ranks…while the country continues its downward spiral path.

“Look to the light at the end of the tunnel.”…What light..? For all we see is a Emera..and a ever increasing fuel adjustment clause, rubbing salt in our wounds adding further insult to injury, for yet another bad investment decision by this administration.. the selling of the BL&P shares.

52 thoughts on “Looking Ahead For The Better


  1. I hear a budget coming .Let us see if there will be any relief in it for the poor, destitute and unemployed and who are feeling the bite (not pinch) most.Let us not forget this is an election year and relief is expected.
    This will take some juggling, as all revenue is still needed to keep the scales from toppling. Will it be in the form of a recall on 2.5 % Vat or will there be a review of road taxes and licenses long promised to be reviewed( Thompson) ? Whatever the form ..it will be welcomed .


  2. Given all circumstances do you really believe there will be real tangible relief or a give something…take back something as we are accustomed ?


  3. @Onions

    What % growth do you believe is reasonable?

    The question is asked against the background of projected growth in the global economy of just over 3%.


  4. @ David
    Rescue Rebuilt Restore…..this shall be the coming strategy.Given such,…as with any graph coming from a negative figure..in the scale of things(RRR)..a figure at this time is not possible?…A complete transformation will be in the works to Rebuild as almost all mechanisms have to be reset . First step is the Rescue… elections.


  5. What Mr. Sinkler and others does not understand is that money must be made available to the so called middle class to truly stimulate the spending in the country, the majority of visitors to the country are just that – visiting but not spending, they pay for all inclusive or one of the cheaper rentals and ride the bus and enjoy our hospitality but the spending is minimal.

    The middle class etc, pays to have their grass cut, hair cut, house fixed, car fixed, entertainment, eating out, travel, etc. If however, their allowances are cut and their salaries are stagnant then they must also cut back hence a trickle down effect to the poorer persons. For instance I no longer pay to have my grass cut every 2-3 weeks. I get it cut every 4-5 weeks or maybe even 6 depending on the rainfall, get it cut then spray it and it lasts a little longer, also I no longer would get my car serviced 4 months religiously, I now stretch it to 6 months. When others like me do these things there is less money for the grass man to take home, less money for him to spend at the supermarket, he now has to “hustle to get a little job” his words – he also noted that more persons are buying weed wackers and doing their neighbours own as well. So the key is to keep the middle class alive and that is one way to help to bring the country back to life, it is not the solution to the recesssion, but it will help to stimulate grown. What was needed was not more taxes but more relief, and the money would have circulated. The more it circulated the more VAT would have been collected.

    What is needed is to police the VAT and make sure it is paid in, stop the free bus rides for school children (it is being abused) and make more free tickets available to all the schools who wants would just collect them, also stop giving $1300.00 to persons who only work for 2 or 3 weeks in and entire year, make it that to qualify you must work for some where between 26 – 39 weeks, that way who really want a job would qualify, some persons just take a little job for 2 weeks just to be eligible. We must tighten all these loop holes.


  6. I say it again,one cannot expect effectively to CUT salaries(AllowancesEntertainment) of the middle class while extorting more TAXES,( vat, professional fees,land taxes etc)from their backs. At present many have been forced to dip into their SAVINGS to find a way to exist. Many are behind on their payments as their savings have been depleted.At some point, some will go under.Less money in circulation also means increased unemployment , less jobs will mean more crime….there will have to be a breaking point somewhere if nothing is soon done.Think of these things.


  7. Again taking a provocative position: how sustainable was the level of spend on consumer durables and non forex producing activity in a depressed economic market?

    The objective here is to challenge sound bite arguments by drilling down to what is structurally required to ensure Barbados can compete and sustain itself.


  8. @ David
    Who had money to spend on non-foreign exchange producing activities and consumer durables? Very few.Those that may have been in the category also definitely would have cut back..(chkPriceSmart).In addition if these taxes were targeted at this sector….(4 yrs has transpired now)…time to re-think.


  9. So we stop importing so many of these at the high end….since no buying….and Input taxes collections reduced….Govt revenue reduced….so much for the 2.5% increase…not effective on such goods.

    It is the Land Tax,professional fees licenses and registration drugs etc..that the average man has to content with. Gasoline,electricity…FOOD


  10. @ Undertaker | February 6, 2012 at 10:55 AM |
    “What Mr. Sinkler and others does not understand is that money must be made available to the so called middle class to truly stimulate the spending in the country ………. ”

    It is true that the middle class acts as a wider funnel in the whole spending multiplier equation compared to the those at the top of the spending pyramid.
    But what is required in Barbados is for this “educationally-privileged” stratum of society to become more productive and self-reliant. It relies too heavily on the State for subsidies and employment opportunities. If the local “middle-class” were more efficient and change-oriented then the State bureaucracy would not be in its current parlous ineffective state (a bloated army of occupation). The legal profession would not be dogged with such inefficiency, incompetency and frustratingly long delays in dispensing justice and concluding civil matters.

    The medical sector refuses to confront openly the real causes of and dangerous prevalence of non-communicable diseases (NCDs). If the big money earners were really worthy of their salt (pun intended) they would speak out against the sources of this growing plague. Tell Barbadians in no uncertain terms that the reason for this menace is what they eat- their dietary habits. The old adage “you are what you eat” still holds true. A diet based on processed food leaves nothing for the alimentary system to work on. When this is compounded with an exceedingly high consumption of animal products including imported meat of poor quality animals slaughtered one year ago and preserved with chemicals like a cadaver- along with locally reared genetically engineered, laced with growth hormones and antibiotics 5-6 weeks chickens-what can one expect but a major health crisis in the making. Heavy consumption of sweet carbonated beverages with very little pure water intake must also create a massive challenge to people of African origin who genetically are predisposed to blood-related diseases thereby providing continuous and increasing streams of revenue to people in your kind of business.

    Let the middle classes justify their spending and heavy consumption habits by really “earning their keep” in this fast disappearing easy money economy.


  11. @ Miller
    If the Bushman ever cussed you before for any reason…. Consider it all forgiven…LOL
    WHAT A MASTER POST……Thank you.


  12. without the vat increase I think we would have been downgraded to junk already.

    If consumption had continued as per normal in bim the foreign exchange reserves would have been a lot worse.

    I really cannot buy this argument about a middle class, consumption led growth strategy in bim. Its appealing for msure but unrealistic I think.


  13. Public funded $500, 000 T20 cricket tournament with two zones, Errol Barrow and David Thompson? Elections must be nigh!!


  14. Businessman “I really cannot buy this argument about a middle class, consumption led growth strategy in bim.”

    The middle class do buy bigger houses and more expensive cars and toys but they can’t eat and drink much more than than the average human.

    What the country needs is a stronger entrepreneurial and investment culture supported by Government and the Banking system.
    Small business and small farmers need to be supported and encouraged.


  15. iam not an economist but simple arithmetic tells me 15 % vat to help bring the deficit down and increse revenue is “long TERM” medicine. 17.50% is short term medicine.


  16. But what is required in Barbados is for this “educationally-privileged” stratum of society to become more productive and self-reliant.

    Miller

    Your words above are profound, unfortunately, we settle for mediocrity from our leaders which is more harmful to us than the global economic crisis. We have some talkers who put on a good show for the gullible and then we elevate them to leadership. One of our most important ministries (Finance) is being run by a neophyte with no knowledge, no experience and no training in that area. He does not know what he is doing but he is doing it anyway. He did not equip himself for such a role, but, he has it and we all are suffering as a result.

    Now the next set of madness is a group of people trying to foist another of the “educationally-privileged” stratum on us insisting that Mia Mottley would make a good leader. If that ever happens, all that would do is put the country in harms way to satisfy someone’s ego.

    Ask yourselves what either of them have done to prove them themselves to the country. Ms Mottley is a lawyer and certainly has not distinguished herself there or anywhere else, but you have simple minded people clamouring for the hype generated the political machinery. Sinckler on the other hand is a ——? who has not distinguished himself in any sphere of activity but there is also a loyal group who would set him above us even though he is not equipped for anything.


  17. @ac,

    When Government cut taxes, the natives will buy more imported goods.
    Government has to encourage more job creation.

    Rim says that Bajans buy more Blackberrys per capita than any other Caribbean country.

    No wonder the natives were targeted by Emera.


  18. millertheanunnaki | February 6, 2012 at 6:29 PM |
    Let the middle classes justify their spending and heavy consumption habits by really “earning their keep” in this fast disappearing easy money economy.

    Where did that slap come from? And I guess you are suggesting to tax the MC for this short coming into submission until they justify their spending.
    What a role…
    By the way,this is an economic topic and NOT ethics or health and hygene habits of the middle class.
    We are glad that you are not in a position of administration in this govt.


  19. We need to face facts – we must earn our way in the world- Barbados needs to earn foreign exchange to support our spending patterns .Most of what we buy is imported and in an environment when tourists are not spending and the foreign exchange inflows are not coming in, you must temper demand and consumption. Just cutting taxes and allowing people to spend on imported items is not sustainable if the foreign exchange inflows are not coming in and there is no definite date for economic revival in your tourism source markets, such consumption spending can lead you straight to the hands of the IMF.
    I think that Barbados had a choice to make to restrict demand:
    A mix of tax increases and other revenue raising measures and some reduction in spending or major cuts in government spending which would have entailed sending home public servants, increasing fees for the QEH and UWI. Unlike the government in England our Barbados Government chose not to send home workers. The electorate would have to decide if they should have cut public sector jobs and charged UWI fees and not increase any taxes to reduce the deficit.
    If it was just a matter of cutting taxes and allowing money to circulate, then any government looking to be relected would take that route.

    Barbados needs to EARN its way in the world – when the foreign exchange is rolling in , we can cut taxes and spend like crazy, if not we have to make the adjustments.


  20. miller again..
    But what is required in Barbados is for this “educationally-privileged” stratum of society to become more productive and self-reliant. It relies too heavily on the State for subsidies and employment opportunities. If the local “middle-class” were more efficient and change-oriented then the State bureaucracy would not be in its current parlous ineffective state

    Is this the same middle class of 2012 which consists of nurses, firemen , police sargeants,accounts supervisors,teachers,senior law clerks head teachers,stenographers,chefs housekeepers and the like ($30,000 p.a) and excludes fishermen like Bush Tea and theanunnaki man like you?
    Why I always thought this Middle Class was the real working back bone stratum where the majority of taxes are drawn from…NOT slackers and occupation army (EWB) who need to buck up shutup,and pay the damm tax…..you bunch of slackers.
    What another role ……anunnaki man..lol….wires cross somewhere…pinch me.


  21. IS all the talk , expenditure of time energy and brain cells spent on this blog really worth it or achieving anything ????

    JUST ASKING


  22. Dear Sharon, your lastapargraph…
    Barbados needs to EARN its way in the world – when the foreign exchange is rolling in , we can cut taxes and spend like crazy, if not we have to make the adjustments.

    How can this happen if we have small business and manufacturing given no real help or concessions ( just talk and heavy taxation). When the BLP regains control (soon),we will show you how it can be done through selective strategies geared to promote GROWTH not slapping on a big parachute (FLAT across the board Tax structure) on a promising little aeroplane(economy 2009)and sitting back saying deal wid that ..
    In short it is just that the DLP lacks vision and economic ability by having a inexperience team who just did not know what to do.
    It is like Sen.Symmonds analogy….this party got hold of the reigns of a chariot of wild horses(like BenHur), determined not to let go…and just proceeded to whip the horses.The more they got out of control , the more they whipped them.
    A real chariot leader does not use the whip, he controls with a skilful hand.
    You will see this again SOON.


  23. @ Sharon & Co
    Some of you really don’t know what is going on ..not taxes taxes or blame blame, blame the middle class..nah its not like that.Governing is all about selective strategies, monetary fiscal measures, geared to revamp NOT PUNISH…It takes a true Leader effective and astute (and not overly taking his time) alike clay in the skilled hand of an experienced potter can bring about a perfected work of art.
    Worry not…you will see it again,…RESCUE REBUILT RESTORE.stand still and see salvation.


  24. @ old onions
    It is no wonder that ac is your gf. Birds of a feather …..

    You two have perfected the uncanny knack of sifting out the wrong side of any given issue and then using your lack of analytical skills to reinforce to one and all, how little you understand.

    Bushie foresees a long and happy marriage should you two get together….

    Along with Mascoll and O$A, you and ac are suggesting that the way forward is to provide ‘Nuff’ money to the middle class so that we can have increased economic activity and everyone will be happy…?

    Skippa, the only people on earth with that luxury is the Americans… All they have to do Is print um…. And even their scam is coming to an end shortly….

    As Miller said – and Sharon emphasized- others have to FIRST EARN the money to be spent….. BY BEING PRODUCTIVE. “By the sweat of his brow shall a man eat bread….”

    The mistake the jokers in government is making is in following your kind of advice by keeping non-productive persons ’employed’ in the interest of the overall economy.
    What they SHOULD be doing is rewarding those who are PRODUCTIVE ( or as BAFBFP says) who earn FOREX – while taxing and dumping the loafers, lawyers and other free loaders.

    Now THAT would be the basis for long term sustainability… Not handing out free rides to parasites…. What happens when the well runs dry….?

    BTW Caswell….ya kicking tonight Skippa…. Are you saying that Bajans should give Owen a knighthood for the single best thing that he has EVER done for this country……getting rid of MIa?


    • Bushie

      You must know by now that I have ceased to be an Owen Arthur fan, but I will never say that he did nothing for Barbados. However, if he wants my recommendation for a knighthood, he would have to finish the job. I do not reward half done jobs: she is still in the House of Assembly.


  25. Bush Tea
    Have you ever read anything on economic at all ? You speak of things you don’t understand and that is unfortunate. How will you measure this productivity in the civil service? Or better still by what method will the rewards be distributed? Bush Tea you told me earlier that you were once a fisherman..am i correct? Do you always find fish when you raise a pot? Why? ok apply this to what you just spoke of….get the point?
    Great i know you would understand….and ac and I are quickly divorcing.


  26. Barbados does not have the luxury of cutting taxes at this time nor does it have the luxury of rising unemployment. for one the demand for social services and other benefits would increase putting an undue burden on government and for two its increase in revenue would fall. right now Barbados is caught between a “rock and a hard place. Dam if I do damned if i don;t. Everything that is being proposed here still is going to need government assistance, People going into business for themselves will find it hard to get money for banks and it turn looks to government for financial help in getting loans . when there is no money in the till there is nothing to give out .


  27. @old onion bags- my point is that given the structure of our economy and its heavy dependence on tourism, when tourism spending is down, it will send serious shocks through the economy. We are not Guyana that is benefitting from high prices for gold, rice and other commodities.
    Now , I take your point that we must always seek to have a facillitating environment for business but my point is growth must be in the foreign exchange earning sectors or we cannot sustain it without eroding our foreign reserves.
    The issue is that we in Barbados want large social services and little taxes. If we want subsidies to offset high energy costs, tax incentives, reduced corporation and personal tax rates,more allowances and deductions, then we also cannot have a large public sector and free everything! If we do not want the high taxes we must be willing to say to the politicians that we cannot afford the FREE uwi, Free QEH or a very large government service but No! Let the government try to put a charge on any service it is bare hollering and everybody in the constituency want a government job for their son or daughter.
    I beleive that no government BLP or DLP has ever faced an external environment like this and there would have been some serious adjustments needed in this environment regardless of which party was in power. On the talk of ” skillfull hands” are you saying that internationally respected economists like Dr. Delisle Worrell and Professor Frank Alleyne and the other economists in the Ministry of Finance, etc do not have a clue but only Owen Arthur and those in the Barbados Lbour Party have a “magic wand ” and know something that the rest of the world does not?
    That is politics! There is talent in both political parties- they all went to the same schools, live in the same neighbourhods, had the same teachers ,depend on the same public service and even have the same friends.The tourists are not sitting around on Mars or Venus waiting for the BLP.
    We must get away from the politics and take an objective view of the situation.


  28. @ ac
    What put what words in what mouth what?!?
    Bushie was just trying a little match making.
    You and “old onion bags” seem like a match made in H___. (figure that one out – ends in ‘L’)

    Wunna would have a ball – missreading facts, drawing the wrong conclusions and generally getting it all wrong…. BUT WUNNA WOULD BE HAPPY…

    But Bushie would still miss ya ac. ( not the Old Bag though…)


  29. people talk about barbados economy like it is the USA not even comparable.,Resource wise or otherwise, This little island has managed to survive against all odds. Now that the world economy has struck us in the rear end everybody trying to find a quick fix. whatever opportunities Barbados had was missed fourteen years ago and trying to catchup now maybe a little too late.


  30. There you go getting it all wrong again onion bag

    What fisherman what??!
    Bushie was never a fisherman. You mixing up the bushman with one of the disciples or what?

    Also, your analogy of lowering the fish pot and hoping for a catch is not a good onto illustrate modern day productivity….
    Nowadays we would create a fish farm with planned and predictable fish yields and known profitability.

    Try something simple onions and let us work on getting SOMETHING right…. Lol


  31. @ Bush E
    The true confession of a MAD BuSH MAN.

    You are soooo crazy. What could be simpler? Fish Farm means you know fish are there…in an open economy there is no certainty….cheez whiz Bushie…Do I have to further break it down for You ? No I know you joking ..right ?


  32. Dear Sharon
    Very good analogy and quite impressive.I find no fault in your reasoning however,you have shown , (like the majority) you have given up hope in the DLP to provide a solution. Could you explain back in the time of EWB when Guyana with all its wealth was suffering ..we were prospering ? Sir Frank Alleyne( who taught me economics some 20yrs ago) knows his stuff but his thoughts are Keynesian and static.Dr, Worrell has been in the fridge (asst deputy) for how long? What I am saying is they are remarkably qualified but not SPARKERS….one who can take 2 + 3 and make 6. The late EWB was a starlet sparker.
    Between 1994 – 2008 we were privileged to having another( synergy-ist )at the helm.
    Unlike you I have faith when we….RESCUE RESTORE REBUILD.


  33. @ Old Onions
    ” in an open economy there is no certainty…”

    That is correct….. For fools who operate by luck, and by hit and miss methods.

    For Bushmen who understand the rules there is absolute certainty… As you say, Bushie KNOWS that the fish are there…
    …wait, …you thought that Bushie was a poor boy? LOL…


  34. Sharon Brathwaite
    Thank you for your frank observations on what is happening to the Barbados Economy. Old onions and all the other BLP operatives who miss the government contracts badly have placed all of their reasoning powers somewhere near their coccyx.
    If you speak from an independent point of view you will mostly give an honest opinion of what is happening in the world and then relate to how it is affecting Barbados. Not the BLP people who want back the government so bad that they have begun speaking about all of the frustrated Bajans they are meeting on the streets who say they are voting out the government.
    As Owen told them they all want to go to heaven but do not want to die. They want all freeness but do not want to pay taxes. The frustrated middle class was well depicted on the back page of Barbados Today where two primary school boys have Blackberries texting one another one foot away. I see hundreds of middle class children doing common entrance lessons at very high prices every Saturday. Where is the hardship?

    The government deserves voting out not because of the economy but from the bare fact that they should have pass in parliament FOI and Integrity legislation by now and many of the BLP politicians would not want to run with that kind of legislation in place.
    Through some level of selfishness or wanting to get rich quick too they seem not to want to pass that legislation.
    Another observation that I keep making is why Owen and Mascoll are considered to be so bright and good to take Barbados out of this mess not good enough to see the train wreck coming and led us into a debt trap.


  35. @Clone: “The government deserves voting out not because of the economy but from the bare fact that they should have pass in parliament FOI and Integrity legislation by now and many of the BLP politicians would not want to run with that kind of legislation in place.

    Please correct me if I’m wrong, but did not the “Late and Great” David Thompson promise both a FOIA and a ILA within 100 days if he was elected?

    Did that happen?

    No.

    Thus, is it not reasonable to expect that we will be lied to in the future?


  36. Old Windbag a.k.a Old Onion Bags

    I do not care how you dodge the question : I repeat, as a declared BLP operative on this BU site tell us why Owen Arthur is refusing to call the PAC together to deal with the Bridgetown Marina Project as he promised months ago ?

    Has his failure to do so have anything to do with the fact that Chris Sinckler told him to walk with the file on the Marina project ?

    While you are on you mission to ” Rescue , Restore & Rebuild “, Tell the electorate when are you going to RESTORE the Barbadian taxpayers funds / confidence on :

    * Al Barrack case
    * Greenland $ 80 million dump
    * The padded VOTER’S list in St.James North ( how can you be trusted to oversee a National pole.

    Waiting for your answers .


  37. Fractured BLP | February 7, 2012 at 4:58 PM |

    In case you haven’t notice the theme” Looking Ahead for the Better” was offered to look for ideas from people on this blog not launch personal attacks.We had a lot of that in previous blogs don’t you think. Come on let’s be constructive and not destructive.

    I have previously addressed your question, and it still holds.

    We are serious about solutions not pointing and the blaming game.We will not follow nor will we take “overly” time in presenting answers. Watch and see !

    RESCUE RESTORE REBUILD.


  38. @ Clone saying>> they have begun speaking about all of the frustrated Bajans they are meeting on the streets who say they are voting out the government.

    Dear Clone
    The Govt wants voting out because they have RUN OUT OF IDEAS…Simple.!!!

    Could you imagine giving them another 5yrs….to do what ?.. they still have 16 months max…to show us WHAT THEY CAN DO…but what they show us NOTHING….come now man,.I guess …”we are taking our time”… again.


  39. @Clone
    Hey Clone here is an new idea you can put FWD to the Bankrupt Idea Bank
    (BIB)
    Take the money..the $60Million and more… that is planned to throw down Jacob’s Horse Nostrills>>>>(Four Seasons) and put into Agriculture. This would surely provide over 7,000 jobs(over 5 years span)in addition it is Medium Term strategy and sure ROI….Not to mention the other indirect employment..distributionexporting. Agriculture includes fish farming…open sea.Mahai Mahai ( bds dolphin) pens, indoor Talaphea…..good export thrust.


  40. Old onions
    Your problems have now begun.
    Owen Arthur seems to be on a political purging campaign forgetting that he will remain the Opposition Leader. He has now met with the St. Thomas branch in the absence of Mrs. Forde.
    Something tells me he is lying when he is saying in the Barbados Today that he was only doing a meet and greet.
    I think he put the proposal to them on what he wants. Everybody knows he wants his man Clyde with him in opposition next time, to fight with the economics because he is not able.
    Clyde says he wants a constituency that fit his profile. St. Thomas may look so but I think Owen Arthur will lose another one like Skeete.


  41. @Clone
    I see you like BBQ-ing pig tails that all but leaves a very souring taste in your mouth.Like your big St.James North MiaArthur showdown. Oh it was to be the mother of all battles,guaranteed to split the party <<>>.How you and those like you anticipated…grasping at straws to somehow divert attention of the persistent incompetence of the DLP and its lethargic leader Mr.EasyBoy and what you got >>>a no show.
    Now you come calling on Ole Onions again this morning, with some soft allegation to distress poor Cynthia.(who is here laughing) and those who don’t know better(like the media).Oh Clone how apt your name. You are proving to us on this blog, nothing but a horn blower or better still a substitute fill-in clown, who is there just in case of emergencies, to poke and sundry,and divert from any real eventsissues>> like the upcoming Big Tent Event on Sunday 12th @ Queens College, when the master & Co. shall fire warning shots across the all but sunken bow of “SS Incompetence”. A warning to all those scattering MICE, presently on board, ( but Eagerly jumping) to standby to vacate, as we prepare to answer the distress call of the Barbadian populace….

    RESCUE, REBUILD,RESTORE


  42. @Fractured BLP | February 7, 2012 at 4:58 PM
    “Tell the electorate when are you going to RESTORE the Barbadian taxpayers funds / confidence on : * Al Barrack case”

    So when are you going to tell the present administration to pay the man?
    The longer the delay the more interest on top of interest (compound) accumulates. The man has been promised payment this is over 2 years. Don’t you think this is a blatant violation of the man’s human rights?

    This problem might have started under the previous administration but this is no excuse for the 4 year compounded (no pun intended) delay.
    Maybe the guys have something on the parties involved and want to use it as election ammunition. Otherwise pay the man and obey the Court orders. Has payment for the marina redesign project been delayed too? But I blame OSA for that one (all talk and no PAC action!).

    What about the many promises to the CLICO/BAICO policyholders?

    “Those who live in glass houses should not throw stones”.


  43. Onions sounding off a horn blower Clown( a mean Clone)
    Come in the Court ..come in the Court….you jester!


  44. “We need to face facts – we must earn our way in the world- Barbados needs to earn foreign exchange to support our spending patterns .Most of what we buy is imported and in an environment when tourists are not spending and the foreign exchange inflows are not coming in, you must temper demand and consumption. Just cutting taxes and allowing people to spend on imported items is not sustainable if the foreign exchange inflows are not coming in and there is no definite date for economic revival in your tourism source markets, such consumption spending can lead you straight to the hands of the IMF. ”

    Given this knowledge therefore answers this. Why are you people so anti-CSME? A CARICOM market would give Barbarian manufactures and producers a chance to sell more of their goods and services given that 45 percent of our exports go to caricom, further expanding this would allow us build momentum towards other markets outside Caricom. This is so since barbados cannot compete in other markets given our size. The xenophobia exhibited by the like of Bushman et al only serves to strain our relationship with CARICOM.

    I think with proper negotiation and relations we can make CSME work or we can lay down and die.


  45. @wargeneral
    I think with proper negotiation and relations we can make CSME work or we can lay down and die.

    Easier said than done …….we have been trying now for + 50 years for West Indian unity beginning with the Treaty of Charagramas in the T&T Dr.Eric Williams.


  46. Why I am outta breath hollaring in BU like a hound dog…..David help me find my agriculture thread …..to highlight my cause….now I got attention.

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