Friday, September 28, 2007


AN administration official says they will propose a special election next year to consider a constitutional amendment that will allow the cash-strapped government to borrow at least $120 million. The government’s current bond debt amounts to $246 million.
“We’ve got to come to terms with what we owe the Retirement Fund,” Muna said. The Whole Story Here
So I ask this...

Who will loan this government money?
How will they pay it back?
Why not just pay the retirement fund directly, instead of borrowing intrest incurring money?
If they can't pay the fund, how will they pay the bond?
Well if they are true to form they won't even get the special election off the ground. These are the same inept people who can't even issue a R.F.P. to privatize the C.U.C. Is this another election ploy to get retirees to vote for these bullshit promises, a pie in the sky, so to speak? I would advise you not to worry about this scheme as its just another puff of smoke, blown' in the wind.
Rest peacefully tonight..

1 comment:

lil_hammerhead said...

I say we go for a billion dollar loan and just lay back for a decade.