tag:blogger.com,1999:blog-5235138415013046381.post6355273083353420517..comments2023-10-25T07:29:40.789-02:30Comments on UNCLE GNARLEY: DELUSION AND THE ORIGINS OF A DEBT SPIRALDes Sullivanhttp://www.blogger.com/profile/02566013585647491614noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5235138415013046381.post-7397470969461350122016-01-21T17:04:22.180-03:302016-01-21T17:04:22.180-03:30The government is asking all departments and Nalco...The government is asking all departments and Nalcor how to cut 30 percent. I believe in the 1930 teachers wages were rolled back 50 percent. Just show how serious the situation is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-60262192876224128842016-01-21T17:00:36.561-03:302016-01-21T17:00:36.561-03:30Not a pretty pictureNot a pretty pictureAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-60220996320254986972016-01-21T09:31:21.749-03:302016-01-21T09:31:21.749-03:30This article certainly outlines the seriousness of...This article certainly outlines the seriousness of our financial wows,plus it subtly describes how we landed in this unfortunate situation, that being poor fiscal management going back to Danny days. That being said, one thing I also believe, is that Muskrat Falls, should never have begun and other more viable alternatives should have been explored but were not mainly because of the dictatorship we were subjected to these past 12 years. The total extent of the damage caused to our provincial economy will not be fully understood until the axe falls. Unfortunately, some will lay blame on the liberal government rather than hold the conservative party accountable for their gross mismanagement. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-88142017650493832952016-01-21T07:17:28.388-03:302016-01-21T07:17:28.388-03:30Although the formatting is not great, the "de...Although the formatting is not great, the "debt spiral" definition is very interesting. We are certainly on a debt spiral. With the completion of the Muskrat Falls make work project, and the Hebron project there will be a collapse in the local economy. Imagine if Muskrat Falls was only starting now! It could have been real stimulus when we needed it. The biggest mistkae with Muskrat Falls was the timing. Anonymousnoreply@blogger.com