6 Days Cash On Hand
 
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6 Days Cash On Hand

(@alana33)
Posts: 12366
Illustrious Member
 

My take, after being here for decades, is that it's already unrecognizable, (to me) lost much of its "charm" and been thoroughly gutted by our government's "leaders" self-serving, dishonest, inept and outright thieving ways. The VI is tanking.

Seems to be the worse than the norm these days.
It's been going downhill for decades but spending and new taxes don't stop while we get very little in return.

Serving the public seems to fall by the wayside by our elected leaders when one can only serve him/herself and get great benefits from doing so

Honestly, there are island destinations that are just as beautiful and less expensive while being environmentally conscious and not a pot hole ridden, trash pile whose many beaches test unsafe for swimming on a regular basis and crime is less rampant.

If anyone believed Mapp's "State of CONFUSION" Address and his Alternative Facts BS, then all I gotta say is "Good Luck!"
Or:

"Stand up! Stand up for yourself!" (As Bob Marley would say!)

 
Posted : February 5, 2017 1:06 am
(@Scubadoo)
Posts: 2437
Noble Member
 

Improved economic change may not be for the better over the long haul.
Perhaps it's best that things remain as they are?

At the very least the budget has to match the revenue, the government can't keep perpetually spending way more than it takes in revenues.

 
Posted : February 5, 2017 10:15 am
(@watruw8ing4)
Posts: 850
Prominent Member
 

Improved economic change may not be for the better over the long haul.
Perhaps it's best that things remain as they are?

At the very least the budget has to match the revenue, the government can't keep perpetually spending way more than it takes in revenues.

Agree 100%. And if things remain the way they are, conditions will only get worse. More people with the assets and/or skills to leave will do so. And that will send the revenue down even more.

 
Posted : February 5, 2017 11:57 am
(@LiquidFluoride)
Posts: 1937
Noble Member
 

Improved economic change may not be for the better over the long haul.
Perhaps it's best that things remain as they are?

At the very least the budget has to match the revenue, the government can't keep perpetually spending way more than it takes in revenues.

Agree 100%. And if things remain the way they are, conditions will only get worse. More people with the assets and/or skills to leave will do so. And that will send the revenue down even more.

we need 5 senators max, maybe 3.

start there, instant multi-million dollar savings.

 
Posted : February 5, 2017 1:52 pm
Novanut
(@novanut)
Posts: 905
Prominent Member
 

How do we get the referendum going again and how can it be made to affect the change?

 
Posted : February 5, 2017 2:31 pm
(@alana33)
Posts: 12366
Illustrious Member
 

We had the referendum already to decrease the number of senators which the majority of voters agreed upon but since it was non binding, they, flagrantly, ignored the voters wishes.

 
Posted : February 5, 2017 3:35 pm
(@STTsailor)
Posts: 699
Prominent Member
 

The freshly enacted taxes can bring only about $15M annually. The budget deficit will still amount to $95M annually. Floating new bonds is out for a year or so. I am not sure where else they can get the money from. I doubt the banks will let them have unsecured line of credit.
Do they have anything else to pawn?

I think they need emergency funding from the Feds right now or slash payroll rolls by 15-20% pronto. Anything else is just wishful thinking.

 
Posted : February 5, 2017 3:42 pm
(@Scubadoo)
Posts: 2437
Noble Member
 

And I can't imagine a Fed bailout and no real plan for increased revenue unless the feds force some budget cuts to go with. No different than the bond market.

 
Posted : February 5, 2017 6:37 pm
(@islandjoan)
Posts: 1798
Noble Member
 

So when are the 6 days up? February 8?
Or is that 6 working days which would make it February 10.

 
Posted : February 6, 2017 2:58 pm
(@STTsailor)
Posts: 699
Prominent Member
 

I bet they will not be able to make next payroll without emergency cash infusion.

 
Posted : February 6, 2017 3:40 pm
(@LiquidFluoride)
Posts: 1937
Noble Member
 

I bet they will not be able to make next payroll without emergency cash infusion.

sure, just don't pay wapa 😉

 
Posted : February 6, 2017 7:14 pm
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