Mortgaging The Future Again?
According to Barbados Free Press reader Littleboy56, the “big announcement” at the BLP meeting last night was “A gas price reduction of about $1.00 Barbadian currency. Much ado about nothing!!! It was a diversionary tactic by a governing party that is becoming more and more unpopular by the day…”
Never mind whether this lowering of the price of gasoline is a cynical political “diversionary tactic” or a well-meant but flawed attempt to reduce energy costs to the average Bajan – Barbados Free Press wants to know how the Prime Minister accomplished this magic? Did he reduce the gasoline tax at the pump – which is borrowing against the national debt?
Or… did Prime Minsiter Owen Arthur strike a deal to borrow new money – this time from Chavez and Venezuela?
Either way… Ain’t nothin’ be free, folks!
Once again, your grandchild will still be paying decades from now for this week’s tank of petrol. Thanks, Owen!
Owen Arthur Barbados Government Financial Planning:
a/ Tax the people to death.
b/ Enslave future generations by borrowing and increasing the National Debt
c/ Sell off pieces of the nation to keep afloat a little while longer.
From The Nation News a few days ago…
PM nudges Chavez
PRIME MINISTER OWEN ARTHUR is hopeful that the price of gasoline will come down.
Speaking at the Barbados Labour Party’s St James South branch meeting on Sunday at West Terrace Primary School, West Terrace, St James, he said that Barbados could benefit from the “discounted prices” Venezuelan President Hugo Chavez said he was offering another country.
“If Mr Chavez could be persuaded, and do for us that which he is now walking about saying he is doing for America – he is offering people discounted prices on the gas, and then we have to buy the gas at market price.
“Discount the price for us too; we’ll be happy to get the gas from there,” Arthur said.
…The PetroCaribe deal, which Barbados and Trinidad and Tobago have declined to sign, is allowing CARICOM states to buy Venezuelan oil at market prices but pay for some of it with a long-term plan at low rates of interest.(full article here)