Who is the real third party?

When we elect politicians, we mainly want them to manage the country without putting us in an unsustainable debt situation.

Barbados’ national debt is an unsustainable $13 billion, with the Barbados Labour Party (BLP) being responsible for approximately $8 billion and the Democratic Labour Party (DLP) for approximately $5 billion. The crucial question that Barbadian voters are being forced to answer in this election is who is most capable of reducing Barbados’ deficit (overspending) and debt so that our debts are not forced onto our children.

The DLP appears to have given up trying to reduce their annual overspending. They have turned to the opposition BLP, challenging them to propose where to cut spending. The International Monetary Fund (IMF) has concluded that devaluation is certain if we continue on the current path. Therefore, unless the DLP starts listening to good advice, they are not capable of solving Barbados’ economic problems.

With the DLP appearing to disqualify themselves, the common assumption is that the BLP has the experience to solve Barbados’ economic problems and should be given the opportunity to do so – the sooner the better. I made a similar faulty assumption until I examined the BLP’s past performance and realized that the BLP is significantly less experienced in bringing us out of economic challenges than the DLP.

The BLP has always taken over a stable economy and has always created severe economic problems whenever they were in government. I must admit that this surprised me. After our Independence, the DLP had two terms in Government (1966 to 1976) and left a national debt of $251 million. The BLP found this most enviable financial situation and after their two terms (1976 to 1986), left a national debt of $3.1 billion, which is more than 12 times the debt they found when they entered.

Thus, the DLP had their first experience in dealing with an unstable economy. They had two more terms (1986 to 1994), added $1.2 billion to the national debt to take it to $4.3 billion, and stabilized the economy with austerity. Once again, the BLP took over a stable economy and once again, they more than doubled the national debt, taking it from $4.3 billion to $9 billion after their three terms (1994 to 2008).

They also significantly increased the deficit (annual overspending). The economy was so unstable at the end of the BLP’s last term, that Moody’s blamed their 2009 downgrade on the BLP’s mismanagement of the economy. A quote from their downgrade report follows: “Barbados’ key debt indicators have been on a deteriorating path over the past decade … the worsening of debt indicators over a long period of time suggests that structural issues are at play.”

Despite their past experience, the DLP has been unable to stabilize the economy this time. If the BLP forms the Government after the next general election, then they will find themselves in an entirely new situation. After our Independence, the BLP has always found a stable economy whenever they took over the Government, and then proceeded to massively overspend and leave Barbados in a significantly worse economic situation than how they found it.

Therefore, they are the least likely to solve Barbados’ economic problems. It should be noted that it takes no special competence to spend borrowed money. However, it takes a special type of incompetence to consistently more than double the national debt every single time you are in office. In order to prove to Barbadians that they can manage an unstable economy, especially after their consistent mismanagement of the Barbados economy whenever they were in government, one would have thought that the BLP would use every opportunity to provide workable economic solutions before the general election.

Barbados’ economy will likely be ruined if the economic problems are not effectively addressed after the next general election. Therefore, the consequences of failure are too great to not properly scrutinize each party’s economic plans before the next general election. Solutions Barbados has published its workable economic plans over 20 months ago, and they have withstood 20 months of rigorous public scrutiny. Solutions Barbados’ candidates have experience in implementing successful business plans.

Therefore, we are the most capable of solving Barbados’ economic problems. Now that Barbadian voters have finally been given a competent alternative, they can either allow Barbados to finally win, or tragically return to more of the same.

(Grenville Phillips II is the founder of Solutions Barbados and can be reached at NextParty246@gmail.com)

14 Responses to Who is the real third party?

  1. Ricci Khan April 19, 2017 at 8:00 am

    WOW! Quite a interesting outlook on the economy. But Mr Phillips…how are you going to deal with the problems of the trade UNIONS. Given the high national debt one UNION is calling for a massive 23% increase in salaries for public servants. And then you have the irresponsible, callous, disrespectful, unruly, unbelievable Teachers UNIONS who call out their members ON STRIKE during School hours and expect to be paid for the time that our children are left unsupervised. Interesting times.

    Reply
    • BimJim April 19, 2017 at 8:32 pm

      My impressions are that trade unions work to contracts. The only time you run into trouble with unions is when you violate their contractual terms – such as not paying, delaying pay or firing people without cause. Unions are there to protect the workers, and the day you cry down and destroy unions is the day you and everyone around you goes to less than established minimum wage. Our “Labour” Parties no longer give a rat’s ass about labour, they have become comfortable in the upper echelons with Big Business and management, labour is now a nuisance. Add that to sheer incompetence in managing a country, and you have disaster on OUR hands. I have seen enough stupidity from BOTH “Labour” Parties to want to throw BOTH in the Careenage and find a better way – there MUST be a better way than this childish browbeating, juvenile behaviour and jackass-like braying all the time.

      Reply
  2. jrsmith April 19, 2017 at 10:26 am

    The movement sound as like the black civil rights movement in the (US)….
    You have to win power , unless its that close to then considering a coalition government………………
    What would this gentle do about the last (Audit General’s ) report which show missing funds from the Barbados treasury , of 700 to 800 millions Barbados , dollars , lots of this money supposed to be loan to companies who is sending they profits to tax havens and wouldn’t repay any of this money because our politicians is making sure they get away with it………………………………….
    ……………………………………………………………………………
    We still need to protect ourselves from our barbados politicians, lets not ever suffer by the hands of these untrustworthy people again, we need to be able to remove them from office by a vote of no confidence by the constituents ……………….

    Reply
    • BimJim April 19, 2017 at 8:43 pm

      There are more points to address… such as freely selling our limited land, property and resources to foreigners. Trinidadians now own the majority if the businesses which feed average Bajans, and they also buy and shut down manufacturing so that we have to import those goods from their factories in Trinidad.

      And whether the yard fowls want to accept it or not it is foreigners buying property – and all types, not just the exclusive properties – that has driven the cost of all housing beyond the average Bajan’s reach because the greedy realtors jack up the prices, so they can earn much higher commissions (and probably park at least some of that share in a tax haven offshore).

      I have been saying this into the hurricane winds for over 30 years, STOP SELLING (AND GIVING) OUR PEOPLES HERITAGE TO OTHERS.

      There are only 144 square miles to Barbados, most already developed or slated for “development”, with agriculture giving way to concrete… continuing down this path will inevitably lead to Bajans becoming tenants and second class citizens in their own country – as Tobagonians already are to Trinidad – and having to import just about everything because of the short-sightedness and sheer greed of politicians.

      Reply
  3. jrsmith April 19, 2017 at 10:30 am

    Bajans think what will happen, if this present party regains power and only need the people to vote to secure they jobs , for another term,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

    Reply
  4. Zeus April 19, 2017 at 11:24 am

    Mr Smith you need to address the statement made by Mr Phillips where he is saying that our local business men have implemented successful business plans…. For the longest time you have been preaching that Barbados there for the taking by foreigners which conflicts with Mr Philips statement

    Reply
  5. tsquires April 19, 2017 at 12:50 pm

    All our systems are broken due to inept politricians, and religious brigands who refuse to enlighten the populace, although some of them know the TRUTH and continue to grow FAT on their TAX free earnings, kept in place by equally greedy politricians, it will therefore be important to see if any new political party, has the guts or testicular fortitude to ensure all religious bodies pay tax on their ill gotten earnings, and before any of the religious army seek to attack me, check and see which of the following is the richest! London City – Vatican City or Washington City?

    Reply
  6. Bobo April 19, 2017 at 1:20 pm

    Thank you Mr G Phillips–Bajans this report is written in simple English, hopefully you have understand since Barbados Independence you have taken on a long jack ass ride — that you became the jack asses- ass–We tax you here” ”We tax you there”

    Folks take a look around Barbados — a tourist destination- where are the ”civil laws” created and applied to guide you -to better–where is the local hospital moving–what about the most important education development — British -Caribbean -and Africa education curriculum hasn’t change since the 17th century–hence ”Divide and Rule”

    Folks, this Crooked racist attitude has to stop–at least think about the future of the new Millennials where are they going — ”think” about what our Ancestors fought for — to give you a better life and to keep up the integrity of your country Barbados.

    Folks, unless you want your life and your country continue to sink further down the ocean –You need a a drastic change, far from DLP-BLP .

    Folks, together lets support ‘The Next Party G Phillips an experience professional Engineer known worldwide -a man with productive visions for you and his country– long before Trump came on the scene, Grenville Phillips came up with the idea –Business people ‘as candidates’
    experience of leaders-who live and continued to live the journey, didn’t Trump came up with Mr Phillips idea.

    Folks the future is all you have –please -take time out and visit Mr Phillips meetings, listen and learn, if you don’t understand a

    statement just ask him to explain. Its all yours to focus on your
    decisions.

    Reply
  7. Mikey April 19, 2017 at 6:09 pm

    Bobo, I endorse all that you have said. From my own perspective, Barbadians have to stop doing the same thing over and over and over again, expecting different results. Take a look at what Mr. Grenville Phillips and his team are proposing to change the disastrous path on which our country is going and make a 180 degree turn towards a better quality of life for ourselves and our future generations to come.
    ALSO SEND IDEAS TO MR. PHILLIPS E-MAIL ADDRESS AND LET US GET OUT OF THIS BAD SITUATION.

    Reply
  8. Mikey April 19, 2017 at 6:13 pm

    Ricci Khan, if you have a problem with Unions and teachers in particular, you are catching at straws and wind. The Unions have contributed their share of keeping Barbados afloat by not asking for increased wages for nine (9) years, while the political parties taxed you and your family left, right, centre and backwards. Continue to support the traditional parties and WISH better for Barbados and keep your HOPE alive.

    Reply
  9. Greengiant April 19, 2017 at 7:10 pm

    I am happy to see you have produced these facts for all to see Grenville. I have been saying this for the past months in this forum.

    Our people have to stop this two party support inherited habit. The opposition party has always increased the National dept with their impregnation of the public service, creation of their gravy train statutory corporations, and borrowing of foreign exchange. This method of generating disposable income is unsustainable. The current government I do believe have the capacity to manage and reduce the deficit having done it on a few occasions. However, with the opposition’s media machinery actively at work on the minds of the masses and the obvious popularity swing, they have decided to test the opposition party’s capacity to manage the deficit if elected.

    Since both parties have over the years chosen to go the self serving popularity route, while playing the cat and mouse political game it’s time for them both to be placed in the battle to become the main opposition party come 2018. The people need to speak forcefully with their vote by electing Solutions Barbados as the next government.

    I challenge those of you who use this forum to peddle the support of the two popular parties to disprove the facts stated by Mr Phillips. If your eyes are now open to information previously unknown then it’s time to change your allegiance for the good of our nation.

    Reply
  10. Ali Baba
    Ali Baba April 19, 2017 at 7:52 pm

    NO GRASS ROOTS IN MY PARTY YEA!!!!! KISS MY BLACK ASS

    Reply
  11. Sisleen Greene April 19, 2017 at 11:07 pm

    I have heard Mr. Close Bethren Niles is to be one of Mr. Phillip’s candidates, you can’t be serious. Wuh the people of Barbados suddenly become clean or is it only when he receiving we cash that we ain’t unclean. Do let us make the same mistakes the uneducated anericans made with Trump and his band of millionnaires.

    Reply
  12. Solutions Barbados April 21, 2017 at 8:15 am

    Dear Ricci: Public workers’ salary increases should be directly related to money available to the Government, rather than a price or inflation index that is not directly related to these available funds.

    Dear TSquires: We plan to tax gross personal income and gross corporate revenues. Therefore, donations to Churches are expected to come from these already taxed sources.

    Dear Bobo, Mikey and Green Giant: Thank you.

    Best regards,
    Grenville

    Reply

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