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Trinispougla wrote:drchaos wrote:Allu realize we F#(Ked in 10 years when all these bonds the Government issued mature ...
Well we had no choice. Reccurent expenditure was towering for years without an alternative revenue stream. If the government had engaged in mass layoffs to bring the expenditure down, it could have resulted in an economic shock which is what occurred when bauxite prices collapsed in Jamaica and Guyana in the 70s
drchaos wrote:Trinispougla wrote:drchaos wrote:Allu realize we F#(Ked in 10 years when all these bonds the Government issued mature ...
Well we had no choice. Reccurent expenditure was towering for years without an alternative revenue stream. If the government had engaged in mass layoffs to bring the expenditure down, it could have resulted in an economic shock which is what occurred when bauxite prices collapsed in Jamaica and Guyana in the 70s
One extreme to another ... You do know that there is a middle ground?
eliteauto wrote:drchaos wrote:Trinispougla wrote:drchaos wrote:Allu realize we F#(Ked in 10 years when all these bonds the Government issued mature ...
Well we had no choice. Reccurent expenditure was towering for years without an alternative revenue stream. If the government had engaged in mass layoffs to bring the expenditure down, it could have resulted in an economic shock which is what occurred when bauxite prices collapsed in Jamaica and Guyana in the 70s
One extreme to another ... You do know that there is a middle ground?
Gov't bonds aren't an extreme tbh, they aren't new either, bonds are a good way to mop up liquidity esp now as there aren't that many capital projects to attract investment hence their all being over-subscribed. As for their maturity and us being screwed that's predicated on an assumption of economic stagnation over the next decade, that's highly unlikely
drchaos wrote:Trinispougla wrote:drchaos wrote:Allu realize we F#(Ked in 10 years when all these bonds the Government issued mature ...
Well we had no choice. Reccurent expenditure was towering for years without an alternative revenue stream. If the government had engaged in mass layoffs to bring the expenditure down, it could have resulted in an economic shock which is what occurred when bauxite prices collapsed in Jamaica and Guyana in the 70s
One extreme to another ... You do know that there is a middle ground?
drchaos wrote:Listening to Trinipougla one would think T&T could not get by with a sub 60 Billion dollar budget.
There is a reason why our Credit rating is falling like a rock now, because our government continues to borrow at an unsustainable level.
As the international market continues more and more to view our ability to pay back as less and less of a chance you have to be smoking some real high grade to defend this kind of fiscal behavior.
Borrowing and borrowing is a unsustainable while borrowing and making a serious dent in wastage, increasing fiscal responsibility and efficiency and cutting spending to levels that we can maintain and possibly pay back makes it more likely that we can pay back our debts and we dont have to dig out we eye when "the man" comes to collect.
Every economic situation is unique and for you to treat T&T as a text book case like Jamaica and Guyana shows you only know how to read and regurgitate projections from countries that had vastly different economies from a vastly different time (46 years ago) and different world economy.
Lastly not all commodities are the same and the economies that are dependent on different commodities are therefore very different.
This will probably fly over your head as "extreme" due to the amount of lead in your brain, you should try some chelation my friend it may help.
Redman wrote:Oil peaked at 180?
When and where?
Redman wrote:Oil peaked at 180?
When and where?
Redman wrote:So you can't say why a simple majority is a dictatorial move.
Just fits your personal narrative,because the PNM doing it.
Of course simple majorities were written into the constitution for a reason. SM have been used this far without the world coming to an end.The UNC used it for the election run off bill,but of course that was not dictatorial.cuz is your people that do it.
Must be a simplistic life to render a qualitative judgement on something you are yet to have any information on.
Still a little emo there pal.
drchaos wrote:Man calling fact to his opinion that 5 billion less in the budget will cause economic collapse ... don't smoke crack kids, just look at what it did to Trinipougla.
drchaos wrote:Trinispougla wrote:drchaos wrote:Allu realize we F#(Ked in 10 years when all these bonds the Government issued mature ...
Well we had no choice. Reccurent expenditure was towering for years without an alternative revenue stream. If the government had engaged in mass layoffs to bring the expenditure down, it could have resulted in an economic shock which is what occurred when bauxite prices collapsed in Jamaica and Guyana in the 70s
One extreme to another ... You do know that there is a middle ground?
Redman wrote:How you know what the legislation requires?
You have seen it?.
All legislation is crafted based on what is the minimum requirement to pass.
It's obvious that any legislation that qualifies to be passed with a SM, will be limited in its impact on the constitutional rights of the population.
How is it tyrannical etc if:
It's within the rules and will be challenged in the courts if necessary
The legislation will be debated and aired.
You haven't seen anything to render any opinion.
Name 5 rights that will be infringed by the coming legislation.
Thx.
dude2014 wrote:drchaos wrote:Trinispougla wrote:drchaos wrote:Allu realize we F#(Ked in 10 years when all these bonds the Government issued mature ...
Well we had no choice. Reccurent expenditure was towering for years without an alternative revenue stream. If the government had engaged in mass layoffs to bring the expenditure down, it could have resulted in an economic shock which is what occurred when bauxite prices collapsed in Jamaica and Guyana in the 70s
One extreme to another ... You do know that there is a middle ground?
There is an alternative revenue stream. People have to get to work early, so eight hours pay for one hour pay cannot be sustained. Imagine a days work at $200.00/day is currently $200.00/hour.
Money saved is money earned.
Get those Caroni Two acre holders off those land and set up proper operations to produce store and package food on a large scale. Global/Universal Good Agricultural Practises (v) cannot be achieved on two acres with a latrine/toilet every two hundred feet.
For those who do not like the plan, well here is something to think about:
Buying Lettuce, patchoi wetted with water that has a high coliform bacillus count.
Or if you prefer eddoes, sweet potatoes irrigated with contaminated water with the presence of heavy metals like lead, etc.
Anyway the topic is about what the Government has achieved. Inherent is the opportunity to start on the things they have not achieved, hence the rant on Alternative Revenue and food safety.
De Dragon wrote:Redman wrote:How you know what the legislation requires?
You have seen it?.
All legislation is crafted based on what is the minimum requirement to pass.
It's obvious that any legislation that qualifies to be passed with a SM, will be limited in its impact on the constitutional rights of the population.
How is it tyrannical etc if:
It's within the rules and will be challenged in the courts if necessary
The legislation will be debated and aired.
You haven't seen anything to render any opinion.
Name 5 rights that will be infringed by the coming legislation.
Thx.
Yes and the courts in Trinidad and Tobago are models of speed and efficiencyMeanwhile, we suffer under poorly written, self serving and possibly draconian laws until 10-15 years later, the Privy Council shoots it down. Contrary to what your are trying to regurgitate from your beloved AG, we have a right to respect for our privacy, forget non-starter arguments about US citizens alone. The PNM has a history of abusing legitimate avenues of monitoring potential criminal activities. Remember the spying SAUTT?
Redman wrote:De Dragon wrote:Redman wrote:How you know what the legislation requires?
You have seen it?.
All legislation is crafted based on what is the minimum requirement to pass.
It's obvious that any legislation that qualifies to be passed with a SM, will be limited in its impact on the constitutional rights of the population.
How is it tyrannical etc if:
It's within the rules and will be challenged in the courts if necessary
The legislation will be debated and aired.
You haven't seen anything to render any opinion.
Name 5 rights that will be infringed by the coming legislation.
Thx.
Yes and the courts in Trinidad and Tobago are models of speed and efficiencyMeanwhile, we suffer under poorly written, self serving and possibly draconian laws until 10-15 years later, the Privy Council shoots it down. Contrary to what your are trying to regurgitate from your beloved AG, we have a right to respect for our privacy, forget non-starter arguments about US citizens alone. The PNM has a history of abusing legitimate avenues of monitoring potential criminal activities. Remember the spying SAUTT?
but this is not SAUTT is it?
I think I will stop following your goal posts.
so you cant answer any of those questions as to:
A)what you upset about,
B)why you upset about it,
C) how it will impact anybody.
According to you, this PNM cant blame the UNC for their legacy but you happy to judge the PNM on what happened pre 2010.
So it boils down to you making noise over something you eh know nutting bout and your discomfort is based on nothing but your demonstrated emotional attachment to PNM bashing.
Thank you for clarifying.
Carry on.
Redman wrote:I guess we can all give way to your obvious first hand knowledge on your anus' reaction to penis....at least on that you seem experienced.
Always happy when you clarify where your head is.
Redman wrote:you was talking about penis in your anus since form 3?..?
Ok.
sMASH wrote:u keep laying resources and power onto politicians, and trust that they will make the right decision. then u get surprised and upset when they thief the money. then u give them more money and more power, then get more surprised when they theif more money.
u are stupid to leave them to regulate themselves.
properly, u should have checks to ensure that they cannot abuse the authority, and balances to have some measure of redress when they do transgress.
the 3/5 majority is one such check. so leave it so.
stop having confidence in people, develop a proper system, and then it wouldn't be necessary to have people
De Dragon wrote:Redman wrote:you was talking about penis in your anus since form 3?..?
Ok.
I misspoke, you're definitely Form 2 level.
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