What is the PNM's plan for the economy?

[desifemlove]

for me good governance is in part about continuity. You'll see i've called out BOTH parties for not diversifying, with Kamla as the most recent example. Kamla is disavowing any responsibility for the current situation, which for me is dotishness, hence the licks here from me.....i doh care if UNCs ent like it, as both an econ and poli sci graduate, i see it from that angle.

Yes, but we need not hear it every 2 minutes, we get it, you blame UNC for everything wrong with the society.

cos it ruffles you up? because this is how governance and life does wuk, nothing Kamla did in office has any lasting effects?? i say it since it my view, don't be blinded cos i criticising yuh leader... if the USA entered a recession as soon as Trump win, is it his fault or Obama's? it's how economics does work, but again yuh leader beyond scrutiny.

[desifemlove]

and when did i say everything?? i think i really touched a nerve, but not my problem. i only "blame" UNC for this economic issue, both parties as bad as each other.

[zoom rader]

Reading this entire chead and I yet to see a plan that benefits citizens and not PNM financiers

[j.o.e]

Reading this entire chead and I yet to see a plan that benefits citizens and not PNM financiers

That's because you have an infatuation with Syrians and you are still hurt because you couldn't get thru with one of their daughters. Your shoulder ain't big enough to carry that huge chip.

[Miktay]

Reading this entire chead and I yet to see a plan that benefits citizens and not PNM financiers

UNC financiers need to hold strain 4 bout 6 years...

[DVSTT]

Quick question, what's the issue with the casinos and lottery workers with respect to the new.budget? Was there new sanctions introduced that applied to them in the budget?

[drchaos]

Most of the super rich in this country does finance both parties ... You hadda be real dottish not to butter your bread on both sides in this flip flopping political climate.

Is only SIS and ZR does feel they hadda give money to one side only.

[eliteauto]

Quick question, what's the issue with the casinos and lottery workers with respect to the new.budget? Was there new sanctions introduced that applied to them in the budget?

no contrary to all the old talk the only thing said was "Better collections of taxes due from the Gaming and Gambling Industry under existing legislation"

[shogun]

Quick question, what's the issue with the casinos and lottery workers with respect to the new.budget? Was there new sanctions introduced that applied to them in the budget?

Heard nothing about "sanctions." As far as I remember the minister mentioned that of the 250 casinos, only 3 were currently paying taxes and they were seeking to correct that fact.

[DVSTT]

Quick question, what's the issue with the casinos and lottery workers with respect to the new.budget? Was there new sanctions introduced that applied to them in the budget?

no contrary to all the old talk the only thing said was "Better collections of taxes due from the Gaming and Gambling Industry under existing legislation"

Quick question, what's the issue with the casinos and lottery workers with respect to the new.budget? Was there new sanctions introduced that applied to them in the budget?

Heard nothing about "sanctions." As far as I remember the minister mentioned that of the 250 casinos, only 3 were currently paying taxes and they were seeking to correct that fact.

So does that 250 figure encompass all the bars and lotto booths that house roulette/ slot games, or is it just limited to dedicated casinos?

[shogun]

Believe those were only dedicated casinos/gambling halls, but I think he did mention the number of lotto machines/slot games popping up at bars etc

Looking for the vid as we speak. Will post it if I find it

[shogun]

Believe those were only dedicated casinos/members clubs, but I think he did mention the number of lotto machines/slot games popping up at bars etc

Looking for the full vid as we speak. Will post it if I find it

[DVSTT]

Believe those were only dedicated casinos/gambling halls, but I think he did mention the number of lotto machines/slot games popping up at bars etc

Looking for the vid as we speak. Will post it if I find it

Thanks bro.
Another question, who is it that's supplying the machines? Are bar owners buying the machines or leasing from local companies? It seems that the games have found their way into every hawk and spit bar in the country.

[Numb3r4]

The whole issue with collection is what got me.

Shouldn't we try to improve the way we go about collecting revenue before raising the amount we intend to collect. I mean we could raise it as high as we want but if the revenue collection service is poor then we still won't get the benefits/revenue that is intended.

[De Dragon]

and when did i say everything?? i think i really touched a nerve, but not my problem. i only "blame" UNC for this economic issue, both parties as bad as each other.

Yet I've never seen you call Manning, Panday, Rowley by name. You'd be more credible if you didn't sound like a one track record.

[desifemlove]

and when did i say everything?? i think i really touched a nerve, but not my problem. i only "blame" UNC for this economic issue, both parties as bad as each other.

Yet I've never seen you call Manning, Panday, Rowley by name. You'd be more credible if you didn't sound like a one track record.

because she is the immediate past PM.....sorry, but then i can see you doh like opinions...

[ingalook]

Austerity is failing all over the world - its is well publicized, it is well documented - why do we think that it will benefit T&T?

[S_2NR]

The pnm makes decisions in a vacuum

[Strugglerzinc]

Manufactured crisis = PNM heros when they "saved the economy"

[desifemlove]

because comparing the Eurozone to T&T, a small economy with fossil fuels as half of its GDP, does mek good sense.

[drchaos]

Let me just start off with saying I do not support the PNM and the UNC and I am of the opinion that they are both parasitic organizations.

That being said the current situation is not one of austerity, the Last budget by the PNM had spending in excess of 60 billions TTD. That is in line with the last PP/UNC budget spending, what the PNM is trying to do is to continue to spend but they do not have the money. So that is why they are raising taxes and trying to find money in the short term to cover this continued trend. I honestly think that we should be cutting back, we have the same yearly expenditure as Dubai and what do we have to show for it? Billions are squandered and the wastage and inefficiency needs to be cut out. They plan to do this with CPEP/URP, Gate and fuel subsidy cuts.
But the real problem is is the lack of foresight as to how to grow the economy with the non oil and gas sector and the continued corruption (ie wasting money on parliment, stadium's, luxury cars and squashing of the investigation into the GTL plant).

[eliteauto]

Manufactured crisis = PNM heros when they "saved the economy"

[novastar1]

Manufactured crisis = PNM heros when they "saved the economy"

How long do we have to wait until we are " saved " ???

[ingalook]

because comparing the Eurozone to T&T, a small economy with fossil fuels as half of its GDP, does mek good sense.

What exactly you mean here?

Are you saying that Austerity will work here when it fails everywhere? Why??? God iz ah Trini?

[De Dragon]

because comparing the Eurozone to T&T, a small economy with fossil fuels as half of its GDP, does mek good sense.

What exactly you mean here?

Are you saying that Austerity will work here when it fails everywhere? Why??? God iz ah Trini?

He is one of the PNM diehards, the only difference is his weak attempts to appear neutral by saying both UNC/PP and PNM are equally culpable. Look at every statement that comes from him and there is a pro-PNM slant every time. I have no problem with measures taken to save money, but when MY money is being frittered away on Tarouba stadium, Benz, the millionth Eric Williams shrine/memorial, then I draw a line. There seems to be an unholy haste to push every single measure down the populace's throat, with fakery about "consultation" now being exposed as a giant sham.

[De Dragon]

and when did i say everything?? i think i really touched a nerve, but not my problem. i only "blame" UNC for this economic issue, both parties as bad as each other.

Yet I've never seen you call Manning, Panday, Rowley by name. You'd be more credible if you didn't sound like a one track record.

because she is the immediate past PM.....sorry, but then i can see you doh like opinions...

Sorry two track record

[Daran]

The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster. Eliot Spitzer

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes. Mark Zandi

[bluesclues]

Exorbitant feasibility studies is the new scam. Its an easy way to demonstrate a legitimate paper trail for no work done. PNM hoodwinks the population while tiefing... err... mismanaging by accident.

[eliteauto]

OP could you list some of the austerity measures being implemented?

[bluesclues]

Manufactured crisis = PNM heros when they "saved the economy"

How long do we have to wait until we are " saved " ???

until you really, truly want to be saved.. and acknowledge the saviour