Dear Editor,
I read with shock and dismay that the Government is signing a deal to borrow $29 billion in new loans to fund projects.
When will we start to live within our means? Minister Phillips just announced a $16-billion tax package that will raise the cost of living for every Jamaican. This move now to borrow $29 billion to be used on projects that will not generate direct revenue to pay this or any other loan will certainly exacerbate the problem.
Once again the Government is bamboozling the people of Jamaica saying how many jobs will be created. All this while our public servants can't get a raise. So what do we do? Borrow more.
That is a dumb move. This loan is nothing more than a downpayment on a future election. This Government cares nothing about our children who will have to pay these debts. More and more taxes will be dumped on them till they can't pay anymore. It seems as though in the future there will be more devaluations, more crime, more poor schools, poorer health care, and more debt.
Pay attention, Jamaica. Pay attention!
Elliot Penn
More debt, more debt!
-->
I read with shock and dismay that the Government is signing a deal to borrow $29 billion in new loans to fund projects.
When will we start to live within our means? Minister Phillips just announced a $16-billion tax package that will raise the cost of living for every Jamaican. This move now to borrow $29 billion to be used on projects that will not generate direct revenue to pay this or any other loan will certainly exacerbate the problem.
Once again the Government is bamboozling the people of Jamaica saying how many jobs will be created. All this while our public servants can't get a raise. So what do we do? Borrow more.
That is a dumb move. This loan is nothing more than a downpayment on a future election. This Government cares nothing about our children who will have to pay these debts. More and more taxes will be dumped on them till they can't pay anymore. It seems as though in the future there will be more devaluations, more crime, more poor schools, poorer health care, and more debt.
Pay attention, Jamaica. Pay attention!
Elliot Penn
More debt, more debt!
-->