Commentary: The chill of government financial irresponsibility

Sun, Dec 30th 2012, 02:15 PM

Chill_1.jpg As financial analysts the world over await the outcome of the "negotiations" in the United States to see if they can avoid the so called fiscal cliff - the day automatic tax hikes and spending cuts will kick in - many people believe it will push their economy back into a recession.

To unsettle things even more, the fiscal problems have not abated in Europe and right here at home there are unsettling concerns among the business sector and taxpayers. With The Bahamas debt to GDP ratio approaching 60% (including unfunded liabilities), and rumours of government cash flow troubles, they remain remarkably quiet on plans to help revive the struggling Bahamian economy and avoid...

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