Bermuda’s new national colour is red: we are swimming in it. Next time you hear the Premier and Minister of Borrowing talk about the PLP’s sterling stewardship and sound blahblahblah, remember the following chart:
Look at that red hockey stick: they have broken Bermuda’s prospects and prosperity for a generation. That’s not patriotic!
In just a few years our debt has grown from under $200 million to $1,500,000,000. Every day it costs us a quarter of a million dollars just to pay debt service. We are running an annual deficit of a quarter of a billion dollars. We have gone from surplus to penury.
In my opinion it is difficult to describe this situation as anything other than utter – if not criminal – incompetence.
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