Ince: Blame Arthur and the Bees

The ruling Democratic Labour Party (DLP) has been in office for nine years now.

However, Parliamentary Secretary in the Ministry of Finance Senator Jepter Ince last night said that if anyone were to blame for the country’s dwindling foreign reserves position, it was the main Opposition Barbados Labour Party (BLP) whose persistent borrowing while in office had created “haemorrhaging” in the domestic economy.

Wrapping up debate in the Upper House on Wednesday night on the National Social Responsibility Levy (NSRL) Amendment Bill, 2017, Ince further accused former BLP Government of plunging the country deeper into debt for the purpose of shoring up the country’s reserves.

“The reasons why we borrowed for foreign reserves was because the interest rates were attractive, the economy was growing, we had collected $10.7 billion in taxes, so borrowing for foreign reserves was easier than earning foreign reserves,” the Government Senator said, while accusing the former Owen Arthur-led Government of economic laziness.

“To earn foreign reserves was too much hard work for the Barbados Labour Party. Whereas the Democratic Labour Party entered a strategy of earning foreign reserves from our trading sectors, the Barbados Labour Party said the economy growing, we have taxes, unemployment down, everything is going well so we can borrow and repay; went on the world market and begin to borrow because the interest rates were attractive,” Ince said.

He said that the economy was growing up to the time that the DLP left office in1994 and had actually expanded by four per cent compared to 0.6 in 1993, with tourism growing by 9.2 per cent compared to 3.9 per cent the previous year; manufacturing recording significant growth as a result of export; and sugar output expanding by 6.4 per cent, breaking the trend of continuous decline since 1986.

Additionally, Ince said construction recovered by 3.3 per cent, the rate of inflation was 0.1 per cent, and while the unemployment rate was high at 21.9 per cent, it had declined from 24.7 per cent in 1993.

He also said 6,000 new jobs were created – 3,300 for men and 2,700 for women; the treasury bill rate was 8.1 per cent and deposits increased.

Amid a national debt of 140 per cent of gross domestic product (GDP) and a high fiscal deficit of six per cent of GDP, the finance ministry spokesman also responded to recent criticisms of Government’s $542 million austerity package, announced by Minister of Finance Chris Sinckler back in May, which included a 400 per cent hike in the NSRL, arguing that it was not the first time Barbadians were faced with such enormous increases.

“By 1995 in the first Budget presented by the former Minister of Finance Mr Arthur who was representing the Barbados Labour Party we had increases of fees for public service vehicles. Licence increases by 100 per cent, 300 per cent, 400 per cent. The badge for a public service vehicle went from $10 to $100, this is a 900 per cent increase,” Ince said, adding that the increases “literally destroyed the public service vehicles”.

However, he said when the DLP returned to office,  it reduced significantly the fees levied on public service vehicles.

“Now that we are in office, this Government is saying we have to start looking at how we are going to start earning foreign reserves again; that we are going to borrow if it’s absolutely necessary. That is the pathway when I speak to restructuring and diversifying the economy, let us get back to the task of earning foreign reserves, instead of borrowing,” Ince said.

37 Responses to Ince: Blame Arthur and the Bees

  1. John Everatt October 26, 2017 at 11:49 pm

    Ince, you are an idiot. You talk about government borrowing like the DLP never did that. Good lord, this government haqs done nothing but borrow. Printing money is borrowing but the DLP has no intention of paying it back. I am not supporting the BLP but let us look at what has happened in the last 10 years. You and your people have literally destroyed this nation.

    Reply
    • andy g October 27, 2017 at 7:31 am

      he only showing that owen Arthur was not an economic guru as some people thought ,and where the problem started. is he an idiot for doing that?

      Reply
  2. Bajan boy October 27, 2017 at 1:21 am

    The denial these clowns have lived unfortunately in continues to mke it harder for us to live in this cvountry. Jepter like Freundel snd Chr is dont ha ve a clue and make governance look like a ciecus.

    Reply
  3. bobo October 27, 2017 at 2:55 am

    Typical Regions governments the truth always reveals at the last moment, the interest of the citizens are not their call -when FS took office all information should have revealed to the citizens instead DLP hide all info. to buy the most expensive cars- expensive travels–because they knew Barbados citizens just sit back and hide their thoughts behind closed doors–hence ”I TAX YOU HERE” I TAX YOU THERE” pure and simple primitive Government leaders.

    Folks, Its time for a political change unless i you want to continued living in disparity—-take a look around you -innocent children are in prison–implemented civil laws are kept in the government file
    cabinets,the country internal is in a mess–foreign investment that the country needs are in downfall-
    Folks, what is the size of Barbados– my beloved country should not be in such turmoil –its time for a change —I have read Barbados solutions G Phillips the leader i agree with his future
    policies for a better Barbados-
    Folks, to reinvent our ancestors” integrity” and the future of a BETTER Barbados depends on you and your children decisions–Folks,The ”present” is all yours –the ”future” concern is the 21st century generations.
    future .
    Folks, support the ”Next Party” to make that change

    Reply
    • Jennifer October 27, 2017 at 5:56 am

      @bobo – You sound really good and hopeful, but this is a just a drop in that economic bucket of concern.
      “pure and simple primitive Government leaders” – well spotted. This is where the plantation mind set has not changed and was left in these leaders, and the leeches know all of this too. After all they trained them. Truth be told bobo things will get worst. All leaders know this too.

      The problems are the so called bajans have very short memories, and short sited also. And what is done last should have been done first.

      Reply
    • andy g October 27, 2017 at 7:35 am

      luv yuh %100

      Reply
    • Jennifer October 27, 2017 at 8:12 am

      And don’t bother with that “integrity” thing – that is a wrong hole word exhibiting sheer folly BY DESIGN AND FORCE FEEDING.

      Reply
  4. Sheron Inniss October 27, 2017 at 6:16 am

    The blame game is tired; not tried and true Mr Ince. ‘though what you are saying may be true it is of no help in our present situation.

    The DLP should have been the change Barbadians wanted to see. You have not been.

    Out you all go next year.

    Reply
  5. Tony Webster October 27, 2017 at 6:32 am

    @John Everatt: why, Sir, are you being so complimentary to the Honourable Senator? You are likely to get a summons to answer a civil case for defaming the honour of the Barbados Association of Jokers!

    Reply
  6. Greengiant October 27, 2017 at 6:38 am

    For us to understand what happened and where the responsibility lies we have to go back from the 1991 crisis. I would like some private economist to do this for Barbadians so they will see. I have done it for myself as I always follow domestic economic performances. They are both to blame.

    Reply
    • Jennifer October 27, 2017 at 8:00 am

      Truth be told Greengiant, all of our politicians are LEFT BRAINED thinkers which equates to evil, subconscious thinking and being just TAIL ENDS. Now to become a right brain thinker will take a miracle. So where are we attttt??????

      Reply
  7. Darson October 27, 2017 at 7:22 am

    Well posited Greengiant:
    as a matter of fact is was reflecting on the work of the Wendell Maclean: how he took o the BLP and won for the people.
    now we we have an Accounting society : and Economic Society ,being paid to do exactly what ?
    Am i to accept they cant handle some of the internal injustice being handed down to the people of our country and bring some sanity to the price of Goods and services . they all seem to be on a mission to expose government while shielding the private sector .

    Reply
  8. Andrew Simpson October 27, 2017 at 8:23 am

    Seems to me that borrowing rather than earning a living is a good definition for the term “economic laziness”. This guy must love the taste of leather.
    The wasteful and ineffective system of government, in which we persist in placing our trust, is sadly diminishing whatever chances we stand of obtaining any form of National prosperity.
    Calling for a patriotic TEAM to design and develop a compelling solution, a modern governance model that increases awareness and engagement of citizens, based on a direct participatory democracy which operates on a digital platform so that decision making can be online and ongoing; transparent, accountable, and efficient, without the political partisanship we presently put up with.

    Reply
  9. roger headley October 27, 2017 at 8:45 am

    Jepter, you know that you are a stranger to the truth. Compare what the BLP borrowed in 15 years against what the DLP borrowed in 9 years. Additionally, compare the terms when the BLP borrowed and the terms when the DLP borrowed. There are no bright sparks in this crop of DLP Politicians. Oh how Errol must be turning in his grave when he reflects on the free education that you all received

    Reply
  10. Milli Watt October 27, 2017 at 9:28 am

    yyyaaaaaaawwwwwwnnnnnnnnnn!!!!!!!!

    Reply
  11. luther thorne October 27, 2017 at 9:52 am

    It is clear that if you give these clowns 25 years in Office they will still be blaming the BLP, World Recession, the Central Bank Governor, Peace in the Middle East, Mia, NINJAman, Kim Jong Un, Prince Charles, ISIS- anybody. Look get rid of these clowns with their blaming and their excuses.

    Who is to blame for Prime Minister Stuart being an Absentee Prime Minister , one who does not mix with the people and who is absent from the Social environment. All sorts of things has happened in Barbados and he refuses to engage the public in a meaningful way.
    John Lovelle now hit them for 6 on this point on the Talk in programme. Go John Go !

    Reply
  12. luther thorne October 27, 2017 at 10:12 am

    The people of Barbados need to come out of the Slave mentality and Idol worship syndrome. They need to stop revering and worshipping Politicians and demand excellence from them. First of all there are too.many Politicians who rely on the money and perks, per diems and largesse of their opportunity to serve in public Office. This needs to stop. They need to declare their assets on assuming Office. They need to be transparent. The people fail to demand these things. There is so much nonsense happening and we are pretending that we being nice and polite. We need some serious demonstrations and protests against the foolishness in order to bring about change. Change is needed.

    Reply
  13. The Negrocrat October 27, 2017 at 10:36 am

    Jester Ince and his comedy show

    Reply
  14. Carson C Cadogan October 27, 2017 at 10:37 am

    Totally agree with you Ince.

    Reply
  15. jrsmith October 27, 2017 at 10:54 am

    Our 2 party system, in out, out in , the politicians political games and decades after decades and nothing happens, just blame each other, we the people is always lied to , everything is in view but we still cant see anything happening……..
    My for instance, look at all of our infrastructure we see daily but what happens , nothing is seen to be done and we cant hold no one accountable , we cant have them remove from office would anyone dare try to no , as if people is scared …………………

    For 2 terms we have a government , who is not capable of managing barbados LTD , the only real happening is to make barbados a taxed economy …………………………….
    My take our politicians is out of control , they do what they like , when they like , they say what they like when they like all without being challenge , our black masses is at they mercy of,,, yes our politicians…..
    I want our people to consider the only way you can remove politicians , who is not working for our country is waiting for a general election, thats why we cannot see the light at the end of the tunnel, we support failure day in day out..
    What I would love to see an Act of parliament namely so the (Accountability Act 2017 ) the said votes cast to put the MPs in office can automatically be used by the will of the voters to remove him/her from office if they are not working for the interest of the people ..
    People give this some thought, if the present government is return to office come the next election , what happens then…….

    Reply
  16. Sue Donym October 27, 2017 at 11:21 am

    “… we have to start looking at how we are going to start earning foreign reserves again” said Mr Ince. Ahhmm, when were you thinking about getting started? Sorry, was it the whole cabinet sleeping? This explains some things. As the elders would say they “like they wake up foolish” – sleep, tax, repeat!

    Reply
  17. charjoy October 27, 2017 at 12:44 pm

    @JR Smith great analysis “People give this some thought, if the present government is return to office come the next election , what happens then…….

    Reply
  18. luther thorne October 27, 2017 at 1:50 pm

    JR Smith ! There ate people who know that this Government wants removing but there are people benefitting dont matter how hard things in the Country might be. These people will use every strength in their bodies to defend the Party. Lets take a certain CBC Moderator for example
    Said moderator defends defends defends the DLP and in doing so is promoting division in the country
    That moderator is going to have to deal with Karma. Said moderator and certain callers know that the Govt is not performing but they feel that they must defend with energy. It is the same mentality that supports the bad boys when they commit Crime . You know that they are wicked, you know they have committed a horrible crime but you make excuses for them, you feel for them and cuddear he is a good boy. Yes he is a good boy , yes you will support and be there for him but do you have to vote for him, elect him to go back in the same Crime Lane to commit the same Crime ? NO !

    Reply
  19. BimJim October 27, 2017 at 1:51 pm

    A prime example of why BOTH Parties need to be kicked out. The DLP has had almost eight years to correct the problem, but all they have ended up doing is printing more and making the problem worse.

    Yes, the problem is one of BOTH Parties, but NEITHER ONE has shown an inkling of responsibility or accountability for the mess the entire island is in.

    Tax and spend, tax and spend, and in-between skim what you can for yourself. So I appeal to ALL Bajans, near and far, yard fowl and barn pig, mark your X next election for SOMEONE OTHER THAN the BLP and/or the DLP, they DO NOT DESERVE even another look or thought.

    As the Americans say – and should be doing – FIRE THE BUMS. They have had a long enough run in Barbados politricks and should be retired – PERMANENTLY. Perhaps the next Party to gain the nod from the voters will also install a term limit for every politician who thinks legal thieving from the public trough is a great career.

    Hit the road, DLP and BLP, your time came and went. You are all like octogenarians now, nothing new under the sun and can’t even get simple things right.

    As the Jamaican said, “LEAVE THE STUDIO!!”. And the sooner the better.

    Reply
  20. jrsmith October 27, 2017 at 2:03 pm

    @,Bim Jim , hail, hail, your (1:51) well said good spot, must add to the fact bajans ever
    consider , we may have to put together a coalition government ……..That would be the
    best thing ever happen to us in 50 years…………………………………….

    Reply
  21. d-coolie-man October 27, 2017 at 2:21 pm

    should I listen to this boy who don’t know the difference as it relates to fiscal nor physical !!

    Reply
    • Carson C Cadogan October 27, 2017 at 3:33 pm

      I sat down in my living room and watch on CBC tv a Leader in the Private sector talk about “”physical deficit””, present was the leadership of the social partnership, the Leadership of the private sector was there including CHARLES HERBERT and not one of them batted an eye.

      Reply
      • roger headley October 27, 2017 at 4:03 pm

        Your point being? A ring a ring of roses – games children play?

        Reply
  22. Carson C Cadogan October 27, 2017 at 3:36 pm

    The problem with Barbados Labour Party members and supporters, is the fact that they are allergic to the TRUTH.

    Reply
    • roger headley October 27, 2017 at 4:04 pm

      Whose truth?

      Reply
  23. luther thorne October 27, 2017 at 3:44 pm

    Nothing wrong with 2 party system.
    The thing is getting the right mix of persons.
    If the DLP does not have the right mix get rid of them
    Vote BLP and if they fail get rid of them until you get the right mix. What else can you do ? Bring a third party with no experience or significant political figures in Government to do what ? Sink the Boat now ? Steupse ! You people out there need to get more involved in the process.

    Reply
  24. luther thorne October 27, 2017 at 4:02 pm

    Carson Cadogan agrees with Ince. The DLP agreeing with one of its members even if that member is guilty of the most heinous crimes. No one is surprised that ” Carson C Cadogan agrees with Ince. Everybody knows how the DLP uses this ” Carson C. Cadogan ” thing on Social media. No one will be surprised as to who or what Carson C. Cadogan is/ represents. The tricks and games tha the DLP get up through its surrogates
    MK

    Reply
    • roger headley October 27, 2017 at 4:06 pm

      “Carson C Cadogan” has slipped up so many times Luther that ‘he” is only fooling “himself”

      Reply
  25. Belfast October 27, 2017 at 11:14 pm

    The new Laugh-it- 0ff production, starring Jepter Ince and Maureen Holder.

    Reply
  26. De Fish Man October 27, 2017 at 11:53 pm

    Which Barbados is he living on…..???
    Barbados on the MOONnnnnnnn………!!!!!
    So let me get this right Mr Ince is saying it’s time to start earning foreign exchange now & that the DLP is going to do that…??? Now that elections coming……….!!!!!
    So why they didn’t do it nine years ago if the BLP was to blame then………!!!!!
    Oh they think people are idiots……….!!!!!!
    Wake up people………!!!!
    They don’t know what they are doing………!!!!!
    It’s Election time….!!! SOONER WE HOPE THAN LATER…….. if they ever calll it or wait until the last cow dead……!!!!
    DLP days numbered………..!!!!!!
    WATCH OUT……!!!! DE POWER OF DE XXXXXX*S COMING………!!!!!

    Reply
  27. luther thorne October 28, 2017 at 5:07 pm

    Is that so Roger ? Carson needs medication
    M.K can provide it. She knows C C C well , really
    D.A knows CCC too. The Consortium

    Reply
  28. Harry October 28, 2017 at 6:05 pm

    what a complete MORON !! Ince says that because bajans are buying cars they can not be suffering. Wow what about the poor bajans who are waiting 4 and 5 hours to get a home on evenings? little wonder this Island is in the position it is in – completely out of touch.

    Maybe Ince and the other DEMS aint suffering but others are!

    Reply

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