Dear Editor,
I'm really unhappy about the Government taking money from the National Housing Trust. I hope that Andrew Holness will follow through on his comment that he thinks it is illegal. There are so many needs, and this money could be used to help those who contribute but who don't qualify for a loan.
Audley Shaw also made a useful point, adding all the extra taxes from last year's budget, the new taxes announced last week, and the $11 billion per year from the NHT. It amounted to over $50 billion a year in additional taxes.
But I wonder what the JLP would have done instead, since they were also in favour of an IMF deal.
The JDX2 is to be welcomed, even though I'm sorry for pensioners who have been caught in this move.
Overall, the package is an extension/intensification of that imposed before the 2010 IMF deal, and just as deflationary. I can't see where there are any new growth prospects, even though the conservative approach sees that as the only way out of the debt.
We don't need the IMF, we don't need any more loans. We need to make the social, political, and economic adjustments that are long overdue, using the revolving investor/speculator cash to put idle resources, especially our people, to work.
Paul Ward
Kingston 7
We don't need any more loans
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I'm really unhappy about the Government taking money from the National Housing Trust. I hope that Andrew Holness will follow through on his comment that he thinks it is illegal. There are so many needs, and this money could be used to help those who contribute but who don't qualify for a loan.
Audley Shaw also made a useful point, adding all the extra taxes from last year's budget, the new taxes announced last week, and the $11 billion per year from the NHT. It amounted to over $50 billion a year in additional taxes.
But I wonder what the JLP would have done instead, since they were also in favour of an IMF deal.
The JDX2 is to be welcomed, even though I'm sorry for pensioners who have been caught in this move.
Overall, the package is an extension/intensification of that imposed before the 2010 IMF deal, and just as deflationary. I can't see where there are any new growth prospects, even though the conservative approach sees that as the only way out of the debt.
We don't need the IMF, we don't need any more loans. We need to make the social, political, and economic adjustments that are long overdue, using the revolving investor/speculator cash to put idle resources, especially our people, to work.
Paul Ward
Kingston 7
We don't need any more loans
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