Vexed Bermoothes

Blustery Opinions From Bermuda

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Change

October 18th, 2009 · 1 Comment · Bermuda Politics

The Bermuda Sun reports that the Premier is on a mission to push through “the most change the country can manage” in his last 12 months in office.

Doesn’t that give you a warm and fuzzy feeling?  As I commented during this year’s budget debate:

Over the past 5 years under the PLP, our Government budget has doubled from around $500 million to $1.1 billion annually.  On top of that, our national debt has grown from around $250 million to a projected $640 million this year – and they are leaving the door open to raise that all the way to a billion.

How much more change can you manage?

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  • GDP Shell Game

    [...] Note:  remember that when we discuss our national debt of $679,000,000 we are conveniently “putting aside” Government’s unfunded pension liabilities.  By some credible estimates, these future liabilities are already in the BILLIONS, a problem exacerbated by the doubling of the size of the civil service over the past few years. [...]