Mr. Speaker, I crave the indulgence of this Honourable Chamber to present this year’s Financial Statement and Budgetary Proposals. I do so Sir mindful of the important responsibility which has been entrusted to your Government to develop policies and craft strategies, both economic and social, to assist with the orderly, holistic and expansive development of…
I crave the indulgence of this Honourable Chamber to present this year’s Financial Statement and Budgetary Proposals. I do so Sir mindful of the important responsibility which has been entrusted to your Government to develop policies and craft strategies, both economic and social, to assist with the orderly, holistic and expansive development of this beautiful island of ours.
It is not a responsibility which my colleagues and I take lightly as we are acutely aware that in very many instances the current and even future success of possibly every life in Barbados will be affected in some way by the decisions we take.
Frustrated business man indeed you are frustrated .The truth hurts. The many truths which were hidden away from the glare of public scrunity under the blp who boasted of a well structed economy. Truth unlike milk does not spoil and in the coming months the scruillous details and mitigating factors compressed within the fourteen years blp goverance would be revealed .You can holler and scream all u like but the truth would be told over and over again until the blp faced the facts and bear some responsibility of making Barbados a debted nation.
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Well Well & Consequences
Yeah…David Simmons really make us shame…corrupt crook with a pimp title that he is, he has honed the skill of being a crook to an artform.
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Hal Austin
Bush Tea,
There is a lot wrong with Barbados, including a 1970s invention as our primary culture event. Vulgar wukking up, alcoholism, etc. With doctors, lawyers and senior public officials taking part.
I once asked a teacher how she would feel if her pupils saw her nearly naked wukking up, she said it did not matter. It is Crop Over.
That’s the depth to which the society has descended.
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Anonymice – The Gazer
I think trying to invent a machine to harness the energy of the pelvic thrust or the gyration of the hips would be a more fruitful endeavor than a sermon against wukking up.
That horse left the stable, ages ago.
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Caswell Franklyn
Well said, Hal Austin
Sent from my iPad
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Donna
Just had that conversation last night about nearly naked teachers doing the dog in August and expecting respect from their teenaged male students in September. I was told that teachers do not behave like that. I guess that person was wrong. However, I am proactive. I never let my son watch Kadooment until this year when it looked so tame it was boring in the stadium. Can’t have him seeing his teachers so compromised.
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balance
“This man is pure genius. Any businessperson who would drop CBC like a hot potato and take the current noncollectable hit rather than continue the cash haemorrhage is obviously dumb as fuk”
Not quite clear what you are trying to say here in relation to the content of your entire comment
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Bush Tea
@ balance
Not quite clear what you are trying to say here
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You CAN’T be serious
@ Donna,
I guess seeing his doctor, lawyer, neighbours, school friends, members of his church, family friends, your friends doing the dog would not affect him. I think sometimes in an effort to score petty points we look for anything. Teachers are well within their rights to wine and do the dog . Why pick on teachers and not his parliamentary representative, the Governor of the Central bank, the leader of the Opposition etc. One final question: Why female teachers?Gimme break.
What else are you going to blame teachers for? While I buy your point that there is some vulgarity and Crop Over needs to be more broad/community based by highlighting other positive aspects of our country, I can’t fathom why you and others have identified teachers as having no right to express themselves as adults. This level of commentary is highly emotional but sadly way below progressive discourse.
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Tron
Today there is an interesting article in the Nationnews on “Devaluation a threat”.
When it comes to the true value of the BBD, simply ask the question: Do I get the same when I spend 2 BBD in Barbados or 1 USD in USA? The answer is no. When it comes to food, the value is 1:4 and servicing even worse. I will never understand why the peg is 1:2. That is an arbitrary value. You could also set it 1:1 or 1:3 with same sort of justification.
A currency peg only works under same economic conditions, eg Denmark with the Euro zone. However, USA and little Bim are very different. Look what happened to the PIGS, to Latino Europeans. Weak economies, bad work ethic, corruption, crime, poverty, misery. They will never recover within the Euro zone. This currency is made for the protestant work ethic of the North. The PIGS need a currency devaluing at least 5-10 % every year to catch up low productivity and budget deficits. Even Britain had big problems in the past to preserve the value of the pound against the rest of Northern Europe.
If the current taxation policy was right, we could face the following scenario: Let us assume the USD reserve falls to 100 millions. Following the Voodoo logic of Central Bank, VAT should be increased to 30 % to prevent Barbadians spending foreign currency. Does that sound right? Not to me.
To sum of, the exchange rate of 1:2 is a national obsession without any rational justification. I do not argue against pegging itself but just against the current ratio which is obviously not working anymore.
The blogmaster invites you to join the discussion.