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PM Jean Chretien calls it quits!
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Re: PM Jean Chretien calls it quits!
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Errol
JA's National Debt
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Dec 16 03 12:14 PM
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It's more than a pet peeve now. According to this writer, at $656.6 BILLION, our national debt now stands at 165% of GDP. He poses an interesting solution..."But before growth can occur, the level of borrowing by government must be significantly reduced." This is frightening when you stop to consider that the point six in $656.6 billion is $600,
The question is, 'how?' I'll answer that by saying, government must set up now a sinking fund of some $350 billion to accumulate over the next five years, perhaps, at a reasonable rate of interest, the objective of which is to cut the debt in half. Payments into the fund may come from a variety of sources, including the FE component of remittances, but most emphatically, not from creation of other debt.
www.jamaicaobserver.com/c...CRISIS.asp
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