Thursday, June 5, 2014

Stop Borrowing Getting In Debt To Get Out of Debt

20 comments:

Anonymous said...

CLIFFORD: says.

Why does it always take an Engineer to inject some common sense to a situation that could have been solved by the Economists or even a dumb politician among you.
Pat saw something that I saw many years ago, but I don't live in St. Lucia and always hesitate to voice my opinion.
I am waiting to see if the City will do anything about the parking, and the fund raising suggestions by Pat Brown.

Anonymous said...

Castries is desperately in need of good public parking, and I don't mean the ill-conceived one down in Conway, or parking around the square. Instead, the authorities should consider tearing down that town hall building and erecting a three or a four level munucipal parking that would serve parliament, the courts, shoppers, and workers of the area; and then the police can get tought with illegal parking around town; but you first have to build the parking lot.
Fleecing motorists has the effect of taking away money from consumers, that could have been spent at JQ or M & C, and giving it to the government instead; therefore, it's not a long term solution to the government's fiscal problem; but it can surely help in the short run.



Anonymous said...

Revisit the BERMUDA model for owning vehicles.

Redesign a Vast efficient network of accessible PUBLIC transportation using GREEN TECH

GET RID of our opulent decadent cravings for fossil fuels.

Bicycles and electric mopeds for city and large towns. Duty free

Punish gas guzzler private vehicles with a SIN TAX with a goal towards eventual elimination

Sail power to transport bulk goods between coastal towns /villages.

Anonymous said...

to have everywhere in the centre of the city parking meters would be fine for everyday customers.
but do we have enough magistrate to deal with the cases of none payment of traffic tickets??

Anonymous said...

Magistrates? No. Jails cells? Yes. But let's get to the other substantive issue of debt. Debt is something that is more immediate and about which both the government has shown itself to be totally flummoxed over, and much more so, the comical relief troupe of actors, our clueless opposition. We need Ministers of Finance who are extremely comfortable with numbers and who can think abstractly like engineers do. As have been shown here in this newspaper, they can see THE BIG PICTURE. The current situation proves at this much. The usual show of froth and blather from reading long speeches just like the Governor General does all the time, will no longer cut it. The time for second-raters is long past. We need people who fully understand economics and secondly, business. I am literally quite bored by the line-up of readers of budget statements that we have had since Dr. V. Lewis left the UWP.

Anonymous said...

Mr. Brown gives and I fully support his analysis of the genesis and the curse of our very entrenched dependency syndrome. It is like the 1960s where families in Saint Lucia turned over their pots and expected those who had migrated to England would be sending money to put food in those pots. This hand-out mentality is what is killing us.
We belong to a party and expect if our party is in power it will throw out the supporters of the losing party to give us their jobs. Nobody is looking at whether or not, those we have elected have the knowledge or capacity to grow the economy such that with this bigger pie we can include all Saint Lucians from whichever party.
The suffering of Anse La Raye and Canaries chronicled under the John Compton's adaptation of Colonial Misery passing for government, is evident in the disproportionate level of underdevelopment there stemming from our local political tribalism.
Today's debt crisis again mirrors the concerns and the bias of the SLP to protect its constituents and its voting bloc. This is in stark contrast of what is expected of responsible government and good governance that would seize the moment, and do what is necessary to put the country on a sustainable development track.
Those who know better, after wading through the miasma and gibberish being spouted by spokespersons on the political stage, we can see only bandages aimed at covering up the festering sores of shameless undiluted technical ignorance of those in leadership positions, masquerading just to look good for the next general election. Such people have my utmost scorn.

Anonymous said...

@ CLIFFORD,
If a lawyer do a bad job in his profession he will loose his case,thats all.
If a engineer do a bad job his design will collaps,he is finish in his profession.
Engineers thinking also much more realistic then lawyers.

Anonymous said...

The prime minister has place all his faith in the mini bus association and not in the association of professional engineers of St.lucia. So here you have it, instead of installing toll boots, he installing speed bumps, instead of embarking on a national drainage project, its all about short term desilting. The prime minister seeks absolutely no consultation from the technical mind outside this political circles and is very sad.

Anonymous said...

CLIFFORD Says:

For a small Island with about 20K people everybody wants to be a Lawyer. Nobody wants to do the big maths, or be an Electrician a Plumber, but too many want to look good in an office job. Nothing wrong with that, but I would like to have somebody (not a politician ) to advise the Ministry of Education that there are more opportunities globally for Engineers and others in the technical field than the Legal profession. Right now there's more Oil and Gas being discovered in Africa, and sadly, not enough African Engineers to fill the available jobs, so in case you didn't know, the Chinese engineers are right there.

Anonymous said...

All of you seem to have missed the point, including Mr. Pat Brown. Frankly, all of you sound like political novice devoid of intellectual foresight. Mr. Brown failed to understand that what is good policy is not always good politics. We do not have a shortage of ideas today but a lack of intestinal fortitude to implement workable ideas. We have become such a hyper-individualized culture that it is impossible to even develop an extended argument on how to do things for the common good. Let us start with a change of attitude then we will be able to solve the problems at hand.

Anonymous said...

All of you seem to have missed the point, including Mr. Pat Brown. Frankly, all of you sound like political novice devoid of intellectual foresight. Mr. Brown failed to understand that what is good policy is not always good politics.

================
Ergo, continue to do all sorts of crap, engage in jackass politics to win the next elections and talk real tripe all over your damn face and place to have the ignorant accept your $#!##?

You are one hell of a sick person! You do not have a friggin moral compass. You must be the quintessential SLP political yardfowl. What a blasted moron you are!

Anonymous said...

A $6,000,000.00 road with funds we dont have. Clarke St.Vieux Fort. The hole of debt deepens.
Its is very sad.

Anonymous said...

Pat you have been a very sound brain as a mathematician and civil engineer in St. Lucia; you are capable of thinking like this.

Kenny Anthony in school was known as a dumb-dumb in Mathematics; cannot understand the economy and matters of finance; and hence the morass Saint Lucia finds itself in.

But worst of all; he is hell-bent on PRETENDING he knows what he does not know. Hence the disasters of GRYNBERG; the hotel fisaco where St. Lucia lost I believe some forty plus million dollars or so; the Helenites building in New York and others.

Kenny Anthony is now recorded as the WORST head of Government St. Lucia has ever seen. Not forgetting his snobbish behaviour towards our traditional allies and friends such as the USA.where hundreds of thousands of St. Lucians live and work and make remittances to St. Lucia which supports the economy.

Anonymous said...

I believe the writer above was referring to the debt liability which the St. Lucia treasury had to pay as a result of the debt guarantee Kenny Anthony signed to the RBTT Bank which he never involved the Ministry of Finance officilas nor as we understood it; his Cabinet Ministers. I am referring here to the ROCHAMEL SCANDAL.

Anonymous said...

The subtext of Mr Brown's extremely insightful article is that the entire Ministry of Finance,going from top to bottom, is populated with a heavy concentration of graduates from the Clowning School of Economics.

Anonymous said...

Clowning school of economics indeed! Can you imagine Bernard La Corbiniere turning CEO of the St. Lucia Development Bank?

This could not be a worst insult to the intelligence of the people of this country. A bloody laugh! A clown; if you ask me.

Ain't that a bitch?

Anonymous said...

A number of years ago I raised the point of parking meters that would have provided millions in revenue for the Castries City Council. I even brought an expert with proposals but in my naivety could not understand who it was ignored by the SLP Administration.
Then I was informed that my mistake was in not getting one of the SLP insiders as part of my team so he could get his cut to pass it on to the big boys for approval!
Not being enthralled to money like these scroungers and opportunists (nor wanting to associate with these grubby dirtbags)I simply shrugged and moved on as my impetus had been for efficiency in the CCC and with the parking issue.
These SLP scamps are still there bleeding 100's of millions from the taxpayers of St Lucia and Lucians seem to accept this as the status quo.
Thank you Pat for reminding me of those days and the thieves who still rule St Lucia as our country flounders.

Anonymous said...

That is one hell of a square peg in a big round hole. What does someone with a law degree know about development banking, with no experience of ever successfully prosecuting a related case in the courts? SLP still doing s#@!&%?


Anonymous said...

Pat Brown, next time I am on the island, I would love to buy you a drink!

Anonymous said...

Blogger above the La Corbiniere at the Development Bank is not the one who studied law; the one that studied economics and Information Technology.

No expertise in banking finance nor any experience in banking over his fifty-plus years in existence.

Bloody hell. What a farce.