Saturday, December 15, 2012

IMF Calls for Restraining Growth in Public Service

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10 comments:

Anonymous said...

The IMF just like the World Bank and the UN is just another liberal organization with its chief goal to keep feeding the high salaries and egos of its employees plus destroying the value system of our once conservative communities.

For make no bones about it - liberals are now THE elites and responsible for the destruction we see around us.

Like true liberals they are quite happy with overtaxing the people of a country to feed their socialist appetites so of course they will be happy with VAT.

The Managing Director of the International Monetary Fund (IMF) is Christine Lagarde a French socialist and part of the elite liberal groupe that has bankrupted France over the past 50 years.

Their youth unemployment is over 30%, their car industry is in free fall, their wealthy are fleeing to Belgium and all parts of the world and we have Lagarde telling us what to do! What a laugh!

One of the biggest hoaxes we have fallen for in the past 40 years is beleiving that these people and their academic cohorts knew what they were doing as they pressed forward with their socialist agendas. The chickens have come home to roost.

Like all liberals throughout the world from Obama to the faux conservative in Britain David Camerom this elite bunch of freeloaders have taken over western covilization and bankrupted it morally, socially and fiscally.

They have never had and do not have any answers and will only cover for another socialist and fiscal failure by the name of Kenny Anthony until 'all fall down'.

December 15, 2012 at 10:57 AM
Anonymous said...

Here is a jackass writing solemn nonsense about liberalism in the Saint Lucian context.

What is plain to the those who understand the leanings of some societies is that the sh t that is written up there but dragged from other societies and cultures, is that the writer is living in la-la land and not the firm realities of Saint Lucia.

The fact the liberalism is major factor guiding the thinking of actors in Canada or England does not necessarily mean that it thrives in, or dominates Saint Lucian thinking.

No one politician thinker -- if we have that -- or politician, has ever WRITTEN or expatiated on the values or virtues of liberalism in Saint Lucia. No one.

If anything, socialism is the most visible or obvious guiding philosophy in most of the Caribbean.

You see socialist leanings in the support of governments in support of Cuba vs the United States, rightly or wrongly.

You hear socialist sympathies expressed in the voices of those who have studied in Cuba from Cuban largesse.

You heard it as Ralph Gonsalves peddle his specious arguments in favour of it as he taught his students as lecturer in politics at Cave Hill.

You see it in the positions taken by the trade unions in Saint Lucia as a natural response to rabid capitalism trying to erode workers rights.

The SLP was pushing even a more virulent form, up to the point of surreptiously trying to subvert the society and our constitution and trying to force its version down our throats, by no else but the HO-odlums and revolutionary sidekicks and acolytes, of the likes Jessie James with veiled threats to kill those who crossed the floor of the House.

We had better be careful about all the sh t that we write and talk in the media, you know.

The IMF must have been quoted some FOUR times about financial management and responsibility, about inflation and tipping the country into greater financial crisis and public debt, with wage inflation stemming from wages costs and collective bargaining agreements in the public sector.

The jackass up there does NOT understand that mainly because the public sector is basically the largest employer, any wage settlement that is not supported by productivity increases in the economy is definitely not sustainable and will put any fragile growth or green shoots in the economy in jeopardy.

Next time, think very carefully and/or very deeply, to avoid writing more crap.

December 16, 2012 at 6:46 AM
Anonymous said...

Its seems the IMF has been asleep.
The IMF called for the intro of VAT ?
The IMF has called for Caution on expanding the Public Services ?

Where was the IMF a little over a year ago when we all knew that St.Lucia was broke.

All the jobs that have been created for the boys did they really have to happen. Its a strange thing. Do as I say but not as I do.

My feelings are that the Civil Service request for an increase is justified. The Government of the day has raised the cost of living. It is only understandable that everyone is finding it hard to make ends meet.
However the Service is not asking for 15.15.15 . As I understand it 5.5.5. which is reasonable.

December 16, 2012 at 7:17 AM
Anonymous said...

As usual the faux intellectuals like the fool (6:46 am) only understands what is in front of his nose. That is why the Caribbean gets nowhere.

One of their greatest ruses is to split hairs to fool people as to their real motives.
Socialism or communism or liberalism are all cut from the same cloth. On the fiscal side they all believe in taxing or borrowing past the point of survival in order to 'give' out goodies or try to 'prime pump' the econimies - that has never worked.

The liberal elite class of St. Lucia and the Caribbean have dragged us down from the 1960s because they have created a dependancy class in the Caribbean with no regard for work ethic, decency ot prudence. The average St. Lucian/Caribbean politician is no different that the Obamas or Jesse Jacksons or any of the failures who populate the American Democratic class. Freeness for votes and do not let me start on the REALITY of the undermining of the Judeo Christian values that made Wester Civilization great.

Our politicians do not need to 'talk' about the liberalism because they walk the walk that they were indoctrinated in at UWI or the liberal American Universities.

So he tries to divert attention away from the failings of the IMF that like all the other socialist/liberal that are now the status quo worldwide.

Bit of Advise; read ALL the IMF report - not just some. Clowns like you do not realize that the IMF only nudges and does not tell it like it is. They could be 1,000 times more forceful but they do not want to rock the boat.

But as the Jamaicans say " time longer than rope" and all the timid pro liberal approaches are producing bitter fruit.

You are defending a failed liberal agenda wrecking our countries.
I wonder which of the inept clogs in that machine has your name on it.

December 16, 2012 at 12:56 PM
Anonymous said...

As France was falling off the fiscal cliff people like Christene Lagarde and her ilk were busy suggesting little nipping and tucking here and there when the fact is that places like France had terminal fiscal cancer that required major surgery. Ditto Greece and Spain - and look where they are now!!

Where was the sage advice from these inept fools who have taken over from frugal conservative generations?

You own it now - live with it!

St. Lucia is no different as you all squander generation of resourses with billions of borrowing.

December 16, 2012 at 1:24 PM
Anonymous said...

Has anyone noticed the utter rubbish that the defender of the IMF is supporting above.

At a time when the public service should be CUT all the IMF is saying is that it "should not grow as fast as it is at present" !

The same nonsense in the USA and Europe.
The Democrars and Republicans are basically no different on spending but act as if there is a 'fiscal cliff'. What a joke!

Obama wants to increase debt by $1.4 trillion a year while the RINOs want to increase it by $1.1 trillion a year.

In the UK the Labour Party wants to have a budget deficit of X% and the Conservatives want X -1%. I.E. they both have accepted that every year the debt will be larger and larger.

What fools!

December 18, 2012 at 11:43 AM
Anonymous said...

I FULLY AGREE WITH THE ABOVE. BUT THE LADY IMF CHIEF HAS EXPOSED THE SHAM THAT THOSE EDUCATED JACKASSES AT THE IMF REALLY ARE.

December 18, 2012 at 3:22 PM
Anonymous said...

My mistake!

I thought the IMF said they should 'retrain' not 'restrain' public service growth!

Makes more sense as they also 'retrain' their growth and get bigger and bigger every year on people's taxes!

more power, more wealth, more perks for the liberal elites who rule the roost!

December 19, 2012 at 4:34 AM
Anonymous said...

Had the IMF not point to the inflationary potential of the VAT, the economists there would not have been honest.

The extent to which the inflationary contribution of the VAT may be temporary or short-lived, will depend on: (a) the skill, (b) knowledge and (c)abilities of the Minister of Finance; the quality and calibre of his advisors; and the degree to which he follows or accepts the best available advice, and from whom irrespective of how politically unpalatable this may be.

Living in a tourism-based economy means that the residents must adjust to paying the same, or facing the same sets of prices for goods and services that the tourist is confronted with. That is inflationary all by itself.

Already, we have seen that the hodge-podge that is the VAT, is not a new system of taxation or tax simplefication per se, but just another tax. Perhaps we could have simply left the what was in place and insert a sales tax or consumption tax regime instead.

What is now left to be seen is whether or not the Ministry of Finance can make the necessary adjustments, tweak the controls or levers in the economy, and grant the required incentives by making the necessary adjustments and economic transfers, to enable residents to live under a regime of tourism-driven high prices.

At the same time, our eyes must zoom in on the need for structural adjustment to remove this nation's almost total dependence on tourism as its main engine of growth.

That is a tall order, and not one for the unitiated or simple-minded, the faint-hearted, or those politicians with mainly a re-election and pension/benefits focus, looking at that event which is coming up within next four years or so.

December 19, 2012 at 7:19 AM
Anonymous said...

i totally agree with the above individual St.Lucia must aim to focus on other areas as our main GDP earner. There is plenty land vacant wee can use it to plant fruits for export namely passion fruit,golden apple etc. this will also decrease on our export bill.

December 25, 2012 at 2:54 AM

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