It seems that praise is being heaped upon the FNM daily for a great budget. They are said to be stimulating the economy.
Now don't misunderstand me, more confidence is placed in the FNM than the last PLP government, but to paraphrase Economist Russell Roberts: "If governments can stimulate the economy, why do we ever have recessions?"
You know, he has an excellent point.
Also, in order to create the so called stimulus, the government is merely reversing bad policy that slowed growth in the first place.
Why enact those policies to start with if you think you have to remove them to stimulate growth?
I wonder why consideration is never given to permanently reducing the size of the Government, government spending and the debt levels that have the country hamstrung to a policy of printing money for cash flow, which only adds to the long term debt and instability of the Bahamian dollar and everything we work for.
And to cut that thought off at the pass, we can privatise like Margaret Thatcher did in Britain and ensure civil servants are not thrown to wind.
I for one don't believe we can just keep shuffling the same deck of cards, all the while building a national debt that is unsustainable.
