VSB is reporting that Dr. Brown’s speech tonight, the source of many fatalist rumours on the island, is on the subject of “Bermuda: the next 400 years”. I suppose its easier to talk about the next 400 years, than the mismanagement of recent years, or the financial pain of the coming year. Despite the empty [...]
Entries Tagged as 'Economy'
National Debt Clock
April 17th, 2009 · Comments Off · Bermuda Politics
Robert Stewart estimates that Bermuda’s debt and deficits per person are around $58,000 and growing. Virtually all of that has been built up over the past 10 years, with a gross acceleration in the last 5 years. Next time you hear about how prudently, prosperously, and punctiliously the Bermudian economy is being managed by the [...]
Tags:Economy
Debt per Person
April 14th, 2009 · Comments Off · Bermuda Politics
This letter to the editor by the author of “A Guide to the Economy of Bermuda” deserves some additional emphasis. In addition to the growing debt, Bermuda is racking up some serious deficits in its pension funds. These costs will eventually come home to roost with future generations of Bermudians. Note that his rough analysis [...]