The Government of Barbados has had to reduce its annual allotment of $120 million plus to the University of the West Indies as a result of their economic and fiscal problems, so starting in 2014 students will be required to pay tuition fees. Read more at Nationnews.com here…
As The Nassau Guardian Editorial pointed out today:
"The problem is that in modern states people have come to believe that they have the right to every benefit under the sun. Many think they should have free healthcare, free education, unemployment benefits, pensions, etc. In previous good times when those things could be afforded, politicians kept piling on benefits and giving subsidies to appease voters and financiers."
And lets not forget how the deficts and debt were piled on during those years of plenty.
All this just confirms my point back in April this year that The Bahamas Government was correct to cut its subsidy to COB.
While the political class are willing to give today's voters at the expense of future generations, sooner or later somebody has to pay.
Like Jamaica, many decisions that should fall within the Governments purview, are now being made by external forces as a result of the politicians profligacy with other peoples money.
Sad really.
