tag:blogger.com,1999:blog-5235138415013046381.post7252971747323282639..comments2023-10-25T07:29:40.789-02:30Comments on UNCLE GNARLEY: DOES THE FEDERAL LOAN GUARANTEE HELP YOU SLEEP BETTER?Des Sullivanhttp://www.blogger.com/profile/02566013585647491614noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5235138415013046381.post-49224320873308234382015-03-04T07:17:28.421-03:302015-03-04T07:17:28.421-03:30I would love it if student loan forgiveness applie...I would love it if student loan forgiveness applied to me. I am graduating in a year and I'm afraid of the debt. I currently don't have a job to pay the minimum payback amount.<br /><a href="http://studentdebtcenter.org/services/student-loan-consolidation/" rel="nofollow">Obama Student Loan Consolidation</a>Alexhttps://www.blogger.com/profile/10420271060669487692noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-24690004275351879452013-12-16T03:02:45.264-03:302013-12-16T03:02:45.264-03:30Yes, the make-work project would have gone ahead w...Yes, the make-work project would have gone ahead without the Loan Guarantee. If Ed Martin (the real Premier) is willing to go ahead with billions in overruns barreling down the track, he is willing to go ahead for the cost of a "mere" additional billion or so in borrowing costs.<br /><br />He can explain it all to the judicial inquiry in 2018.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-14389410695782978342013-12-13T02:00:44.204-03:302013-12-13T02:00:44.204-03:30When I hear politicians of any stripe saying this ...When I hear politicians of any stripe saying this is a good project for us, I have to ask: "What are you drinking?" Because, all of the available evidence indicates this is a monstrous deal for us....in a negative sense. I truly hope people like you and I are wrong....but every indicator suggests we are being sold out by our own politicians and the business elite.Fifth Third Bank Swift Codehttp://www.swift-codes.org/2013/12/fifth-third-bank-swift-code_3362.htmlnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-28560327408514054402013-12-12T15:33:05.104-03:302013-12-12T15:33:05.104-03:30Regardless of any cost over runs we have mortgaged...Regardless of any cost over runs we have mortgaged the future of this province for absurdly expensive electricity we likely don't even need. The phrase " too green to burn" comes to my mind as I bow my head in shame to be a Newfoundlander. After 64 years of confederation is this what we have come down to, a bunch of backwater hicks too green to burn? Ed Martin, Ms. Dunderdale, et al., will be salted away in a few years and likely well taken care of, but the bulk of Newfoundlanders will toil in servitude to pay back the billions misspent in our name. There will be no revolution and likely few protests to compare with what is happening in Kiev, but when the oil runs out and the energy warehouse looks a little empty I hope people remember that it didn't have to happen like this. <br />John Darryl PippyAnonymoushttps://www.blogger.com/profile/03044966985727657714noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-83310173613899800412013-12-12T12:58:15.901-03:302013-12-12T12:58:15.901-03:30Well, Mr. Sullivan, us "naysayers", in t...Well, Mr. Sullivan, us "naysayers", in the absence of any details, can concede only that the Premier has negotiated a reasonably good deal on the loan itself. However, as you so candidly point out, we are still on the hook for any additional equity injections...if and when the project goes over budget. Of that I am certain, given the history and nature of such undertakings.<br /><br />The biggest challenge may yet come from Hydro Quebec's court challenge and I have very little faith in our government's ability to win that case....so, as you asked, where will the additional power commitment to Nova Scotia come from? I will dare to speculate and say that Holyrood may very well see an uptick in output in future years. Then, instead of producing power for us in the range of 10-12% per year, we may very well see it going into the 25-30% range. So much for reducing our reliance on oi!. Alternatively, if they continue with their plan to mothball Holyrood, they will have to look at wind and/or upgrade the transmission lines from Central or the Bay Despoir dam. All of these things could have, and should have, been don, to allow for the closure or upgrade of Holyrood....for our own purposes. Now, we are doing it totally for the benefit of Nova Scotia. <br /><br />I totally subscribe to your view that Peter McKay has done a tremendous job of delivering this project for the benefit of Nova Scotians. We, in the meanwhile, are left holding the bag, and our people will be paying for Nova Scotia's cheap power for decades. I always felt that the feds would come through on the loan guarantee....if it were to benefit Nova Scotia. Otherwise, they would have broken their promise to our province.....the only one I have ever wished they would break.<br /><br />When I hear politicians of any stripe saying this is a good project for us, I have to ask: "What are you drinking?" Because, all of the available evidence indicates this is a monstrous deal for us....in a negative sense. I truly hope people like you and I are wrong....but every indicator suggests we are being sold out by our own politicians and the business elite.Cyril Rogersnoreply@blogger.com