Borrowing to be budget jam

| 19/06/2012

Debt_033012-572x368 (278x300).jpg(CNS): Although the UK has not yet refused the Cayman Islands budget proposal for the next financial year, which was submitted to the FCO last Thursday, the request for borrowing is likely to prove a stumbling block. Last year the premier insisted that his government would not add to the country’s borrowing levels and had acknowledged that the UK would not allow the CIG to get further into debt, but the UDP administration has included a borrowing requirement in this year’s financial spending plan. Although McKeeva Bush has not disclosed the level of borrowing, he has described it as a modest amount.

The new borrowing, the premier has claimed, is to begin a solar panel installation project to help those who struggle with CUC bills, as well as cash for the new juvenile detention centre and money to complete both the high and primary school projects. While the amount of borrowing has not been disclosed, it is believed to be over $25 million since the planned solar panel project alone is estimated to be around $15 million.

In December the government delivered a strategic policy statement (SPS) entitled 'Maintaining Fiscal Discipline’ relating to its spending plans for the forthcoming budget year of 2012/13 in which the premier had predicted a surplus by the 30 June in this financial year — a prediction that has reportedly not come to fruition and government is facing a deficit at the financial year end.

Although government says it has managed to balance the books with a smallsurplus, sources tell CNS that the documentation sent to London does not include capital expenditure in the operating expenses, which will push the budget into a significant deficit. With this, on top of a request for more borrowing, the UK may well ask the government to make deeper cuts. Currently the total for core government operating expense, excluding statutory authorities, is said to be over $498 million, as set out in December’s SPS, but no revenue predictions have yet been revealed.

Despite claims by Bush that his government has made great strides to improve the country’s finances, public spending is still set to increase over the next three years as the SPS made no cuts in public spending. Government is relying on projections of increased revenues to deliver surpluses but it is not clear where government hopes to increase revenue in the coming twelve months.

The UK is believed to have acknowledged receipt of the Cayman government’s budget documents, which the premier admitted were submitted late. The new Financial Framework Agreement signed between Bush and the OT minister Henry Bellingham last year requires that government send the budget to Britain three weeks ahead of when he plans to present the documents to the Legislative Assembly.

Although the premier has indicated that he hopes to arrange the Throne Speech, which is delivered by the governor, for this Friday, signalling the start of the presentation, sources tell CNS that the UK is unlikely to approve the budget without further changes, forcing the government to enact some form of emergency legislation to enable it to access the public purse past midnight on 30 June.

Category: Politics

Comments (78)

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  1. Anonymous says:

    Why do we need to 'borrow'? Why not cut salaries and other "operating" expenses like rent? How much would the CIG save then to pay for finishing the schools? During tough times tough decisions must be made. Don't worry whether you would get elected again or not, IT IS THE RIGHT THING TO DO.

     

    And if UDP want to help poor people, reduce the fuel duty the UDP put on and help everybody out – that would help to stimulate the economy!

     

    Instead, the money from the fuel duty was used to pay for the UDP world travelling extravaganzas and 'nation-building' freebies

  2. Anonymous says:

    If CIG spend $12m on solar panels, Government revenue will also decrease as CUC will pay CIG less duty due to decrease in consumption of diesel at CUC.

    The less electricity that is consumed on this island the less duty CIGt will receive on diesel consumed by CUC.  If they want to reduce the cost of electricty to all, roll back the 25 cents duty that we pay every month to them on our electricity bills which will reduce the cost of living as the merchants should charge us less.  It will be a domino affect with most items we purchase.  UDP,  what have you done for me lately except increase my taxes??

  3. Anonymous says:

    Why all this talk of a "Head Tax"?  I believe that the government should introduce a Brain Tax.  That way UDP supporters will only pay half.

  4. Anonymous says:

    How much could we save by making all politicians and civil servants travel in economy class, and reduce the size of the parties travelling abroad in the first place? With teleconferencing and video conferencing, travelling half way around the world for a one on one meeting is both extravagant and unnecessary

    • Anonymous says:

      Hush – why you want to cramp our politicians' style?  Don't you know they have to act braggadocious to the rest of the world and pretend we got lots of money when we don't?  Afterall we supposed to be one of the wealthiest islands inthe Caribbean, our politicians have to travel in style and prove it, you know? No my friend, that would never do.  Perish the thought.

  5. Anonymous says:

    Breaking News!!! Government Budget Release

    —Top Budget plans—-

    1.-Modest reductions to the civil service path toward balancing the budget(300 Gov. overseas contracts plus including 200 Gov. Authorities overseas employees could be final due to government trying to strike a balance.In total,about 800 goverment jobs will be eliminated over a 1 year period,with another 300 jobs through attrition and transfers over the same time frame.Job reductions and spending cuts are not nearly as drastic as reductions seen elsewhere.

     

    The budget sets out a timeline to balance the books,projecting a 30 million surplus by dec 2012 that will turn into a 70 million surplus by june 2013.The document itself  suggested the short-term pain will result in long-tern gain.

  6. Anonymous says:

    So Bush introduced a huge fuel duty that jacked up the cost of petrol and CUC power, then he gave away free fuel cards to Caymanians and now he's going to give them free solar panels to reduce the CUC bills he increased and at the same time increase the value of their houses and meanwhile creating some lucrative, government paid, solar panel import and installation contracts to hand out to local businesses. Perhaps the FCO should send the sheriff of Nottingham?

    • Anonymous says:

      The UK has been pro alternative energy so the concept they should not have any problem with. of course they will have issues with us borrowing anything.

      An interesting point might be I understand that the homes that get the solar panels will get a significant discount on electrical bill what about the rest of us?

      I am not saying we should get the same discount as the homes that carry them but does these solar panels help erveyone else as well.

      • Anonymous says:

        Why should the UK taxpayer guarantee loans taken out by this corrupt and irresponsible country? If you want to have money to splash around on over inflated vanity projects, bring in direct taxation and pay for it yourselves.

        • Anonymous says:

          Anon 1718 you really need to learn how this works. The UK taxpayer does NOTHING and I mean NOTHING for the Cayman Islands in this case outside of saying yes Cayman you can borrow money and pay it back yourselves. The UK nor its taxpayers pay nothing. They never have paid anything and never will.

          • Anon says:

            Other than underwrite CIG borrowing, so, if CIG can't repay the money, the UK taxpayer has to, which is why he UK Govt is being heavy-handed about such commitments at this stage.

            On the other hand, contrary to what many on this forum seem to believe, the UK taxpayer GAINS NOTHING from Cayman either. If anything it costs the UK a small amount to maintain its international responsibilities for the Cayman Islands, in terms of FCO staff costs and the mainenance of  its nominal defence and overseas relationships responsibilities.

          • Anonymous says:

            actually they will, as if KY goes under the UK will have to bail them out (see TCI for a current example)

            The UK taxpayer also funds the defence of the islands to prevent us becoming part of Cuba.

            In return we assist in making foreign investment into the UK cheaper and thus more attractive and so help their economy, although they always forget this

            • Anonymous says:

              Anon 0841 you and everyone else has been waiting on that.

              in terms of the defence of these islands who are you defending it against?

               

              The Cubans have shown no interest in the Cayman Islands plus if they did the US would come running in a hurry. By the time the UK gets here only the paperwork will be left.

    • Bob the hood says:

      Sorry please keep the Sheriff out of this.

  7. Like It Is says:

    The solar panel funding is not the problem.  The massively overfat civil service is the problem.  Mac however lacks the spine to deal with the civil service.

    • Anonymous says:

      Mac knows how to deal with the civil service, he just gave them a raise and I wouldn't be surprised if he gave them another one before election day.

       

      Solar panel funding may not be the problem, but it is emblematical of the problem. I take serious issue with any politician who thinks that it is OK to give $15 million over to the "friends and family plan" and ask the rest of us to pay for it.

       

      There is an old saying that it is not a good idea to rob Peter to pay Paul, but nobody every hears Paul complaining about it.

      • Anonymous says:

        I agree. "Solar panel funding may not be the problem, but it is emblematical of the problem".

        The problem is that this line item even exists, if you don't have the money you dont' spend money on things that aren't important.  This is not an important project and certainly hasn't had an ROI done on it.  

        Adding solar panels to homes where people can't afford electricity is just silly.  Silly because someone is going to have to pay for upkeep, silly because the homes are probably already poorly insulated, silly in every sense of the word. Oh yes, and plus there is NO MONEY.

    • SKEPTICAL says:

      HEAR ! HEAR !

    • Dred says:

      Actually yes this is the problem also.

      This is another SCHEME to buy votes.

  8. Anonymous says:

    The solar panel deal is all about who will supply the "approved" solar panels and equipment. Find that out and you will understand what is going on. If it were otherwise, the money could be used directly to help all poor people pay their electric bills or to lower the cost of electricity for everyone.

    • Accountability says:

      This solar panel project had better go out to tender and the bloody RFP had better not say "buddies with Mac" a new technology that had never been proven, or just "given" the the same guyts who "won" the CCTV contract….

      Really, this needs to be a PUBLISHED and fair tender.  Truly based on technology and CURRENT industry standards.

      I want to see request for quote be EXACTLY what a mid sized town in the USA implemented….not bells and BS.

      Mr. Auditor General, you had better become a solar panel expert BEFORE this request to quote goes out because I AM Caymanian and well versed on solar industry STANDARDS and having it be the color "orange" with a Las Vegas trip to a conference for training will not fly with me.

      This quote better beat the best companies in the USA (closest neighbor with expertise and best shipping price to Cayman)…..I will not stand for favourtism on this deal!!!

      • Truth says:

        What will you do?  Hold them Accountable?  Why now?  Why this one thing?  Why would anyone belive you?

      • Anonymous says:

        It is not needed at all. If you wanted to help poor people, just remove the fuel duty UDP put on two years ago.

      • Anonymous says:

        Well said, B.

      • Peanuts says:

         

        “When you see that in order to produce, you need to obtain permission from men who produce nothing — when you see that money is flowing to thosewho deal, not in goods, but in favors — when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you — when you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed.”

         
    • Knot S Smart says:

      Is there a relationship between the solar panel supplier and the 'friend' that arranged any other sweet-heart deals with Govt?

      And. When will we start the CHEC wind-fall Port Project?

      Oh – one last question.- who will check the price of solar panels in China to compare what they cost in China, to what Govt will pay the supplier?

      • Anonymous says:

        What we should focus on is whether a significant percentage of the price difference finds its way directly or indirectly into the pocket of a certain politician or the politician's buddies. Watch for a trip to an ATM in Nevada or some other place with gambling.

  9. F.A. Cetious says:

    The voting public sent a clear message in May 2009 that they did not want new sxhools for their children. Wjhy are they still borrowing to build something the voters do not wamt? I’d much rather see the Christian Heritage Park finished than wasting all that money on some foolish High Schools

    • Anonymous says:

      The voters don wan edumacation just some free gas suh! An jobs with no responsibilities.  And free healthcare, an a big fat pension with a job at the end till the end.  An maybe a statue of my uncle.  Den we vote!

  10. Dred says:

    The thing has always been this. Most of our issues he played an important role in creating.

    Whatever problems the global crisis brought to our doorsteps his jacking up every tax he coiuld find only threw gas on the fire.

    I can look at moves he has made and see where they contributed to many of our issues such as crime, unemployment, alcohol abuse and who knows what else.

    So when he starts to preach about wanting to create job I wish half of the idiots praising him would realise HE IS THE ONE THAT MADE YOU LOOSE YOUR JOB TO BEGIN WITH.

    To get an economy working again YOU DO NOT RAISE TAXES. You stimulate an economy by offering people and businesses an incentive to consume.

    When you raise taxes you get the COMPLETLY OPPOSITE EFFECT. People start to conserve their funds and because of this businesses who are now paying more have less revenue. That generally leads to closures and you can see it around Cayman with all of the open rental places.

    Anyways UDP is a mess. They can not do ANYTHING right. Can't balambec budgets or even follow due process.

     

     

     

     

    • Anonymous says:

      Been saying the same thing for years, but no one seems to listen.  The Pew Center did an analysis of data and released a report showing that increases in taxes had a direct correlation with a decrease in economic activity. 

       

      Also the Miller report showed graphically that revenues continued to increase year over year in Cayman even during the worst of the recent financial crisis.  The problem is not a revenue problem, it is a spending problem.

       

      If government spending was reduced 20% and taxes reduced by an amount to offset the less spending required, the economy would flourish and there would be no economic problem for Cayman. More money would be left in the provate sector to creat jobs and grow the economy and the increase in economic activity and spending would lead to more land sales, more construction, more consumption and more import duty for government.  The end result is a win win situation.  But there seems to be a lack of knowledge about how an economy works by people leading Cayman.

      • Anonymous says:

        The property market would also be stimulated by reducing the 7% realtor fee and stamp duty.

        • Anonymous says:

          Reduce the realtor fee? Are you crazy? Stan, is that you?

        • Anonymous says:

          So true. These realtors are like greedy vultures.  Even in Jamaica agents only charge 5% commission, and they have to pay income tax there !   What is so special about agents here, why they have to charge so much!   Bloody nonsense.

      • Anonymous says:

        "I am no financial expert." — McKeeva Bush

    • Anonymous says:

      You would think this commonsense economic principle would be fully grasped by our "learned" ruling politicians, but what is commonsense to you and me, is "nunsense" to the politician(s).   Ignorance and lack of proper education to do the jobs they were elected / appointed to do. 

  11. Dreadlock Holmes says:

    "The dog ate my budget!"

    "The budget fell out of my briefcase into a puddle and a bus ran over it."

    "I put the budget down in a store when I was buying mangoes and when I looked again…..it was gone!"

    "I had the budget with me and I was on my way when I was mugged."

    "The budget was accidently used… in the budgie cage?"

     

     

  12. Anonymous says:

    A country that choose not to have direct taxation does not need to borrow money. Unless direct taxation is in place the UK should veto all debt increases.

    • Uhmmmm says:

      I am a Caymanian, but I believe the government should bring in HEAD TAXES both man and woman, Caymanian and expatriates alike,  all over 18 years of age to pay head tax every month month by 25.00  Please Mr Premier do introduce this bill.  It is needed or we cannot survive, or stop borrowing from England.

       

      CNS Note: The CIG has never borrowed from the UK government, it merely requires approval from the FCO in order to borrow from banks or other financial institutions because the current public finances do not comply with the PMFL.

      • Anonymous says:

        A poll tax?! Yeah… i remember the poll tax riots in London in the 90's… sounds just what we need in Cayman! AWESOME suggestion…

      • Uhmmmmmm says:

        To CNS Note:  I say " yes you are correct,"  just a figure of speech to say borrowing from Enagland.  I do really mean Borrowing from Banks with UK permission.  Thanks for the correction.

        To add to my previous comments, I would like to say this amount should automatically be taken from the persons pay cheque, or if the person has not paid their taxex it would show up in the system when ever you leave the Island, Cayman or expatriate and  you would have to pay up to be able to leave.

        Something has to be done, because we cannot continue to forwever  depend on tourist and work permit fees.  It cannot work any longer.  Every one who lives here and appreciates living in Cayman and making a salary need to seriously consider how they can contribute.

      • Anonymous says:

        CNS, some naive people, just born yesterday, think that Caymanians are so dependent on the UK that they were the ones that built this financial industry and made it one of the tops. The UK is a mere watchdog on how much we borrow – that's it!

        • Anonymous says:

          WHAT? Who the hell do you think guarantees your loans, Burger King and KFC? 

          The UK taxpayer would be liable for any loans taken out by the Cayman Islands Government that were subject to default. Does it not occur to you 'little islanders' that you are a BOT so ultimately the UK foots the bill if it all goes wrong. And that's because you have no means or capability of getting yourself out of this mess.

          Actually, the UK is your landlord and your parent country, that will become all to obvious when she finally takes direct control and rids this island of the idiots that think otherwise.

           

    • Accountability? Not our Govt... says:

      AND TODAY'S BRITISH NEWSPAPER TELLS ALL:

      Mr. Richard Parchment has already discussed the behind closeddoor deals with the PRESS before our own people?  

      Thanks Big Mac, now we have TAXES to fuel your un-ending GREED:

      My Caymanian Grandfathers are rolling over in their graves….  read the UK Telegraph folks: TODAY's NEWSPAPER!

      http://www.telegraph.co.uk/finance/financialcrisis/6248284/Bankrupt-Cayman-Islands-to-get-38m-bail-out.html

      CNS: The date on this article is 30 Sep 2009

      • SKEPTICAL says:

        Have you looked at the ACTUAL date of this article ??

      • anonymously says:

        And me soooooo glad me Caymanian Grandfathers are sooooo dead dat they nah noh a ting ! 

      • Anonymous says:

        It's interesting to look back on though. Doesn't hurt to remember where that deja vu feeling comes from.

  13. Anonymous says:

    British Rule can't come soon enough.

    • The Spin Cycle says:

      British rule won't solve this problem… it will just replace a crude form of corruption with a more sophisticated type of corruption. Read the news… UK politicians are extremely adept at lining their pockets, padding expenses and making shady investments on their own behalf. No, my friend that isn't the answer. We work….but we can't keep up with their wastefulness. Yet we are lead to believe it is our problem when in fact governments create the problem. Their only solution then is to create taxes…for us…to solve the problem. And on and on. Have you ever noticed how much time people everywhere spend trying to STOP their elected representatives from making foolish decisions?? From acting out of stupidity and carelessness? That is where a great deal of our energies are spent. Electing them and then… trying to curtail them. Something is dreadfully wrong with that picture. Politics is/was an invention which has gone terribly wrong and has failed us. We need to correct it. It begins with personal accountability. Nothing short of that will solve this problem.

  14. deepdiver says:

    "Budget Jam" … forget the solar panels, jus let me have some of 'dat jam…I been eatin' dry toast for too long…!

    • Like It Is says:

      It ain't coming.  You wanted all this self-governance.  Now deal with it.

  15. Anonymous says:

    Mr. Bush not one would need solar panels if you hadn't put up 25 cent on fuel so CUC bill gonna because of you Mr. Bush. Politics 101 in an election year steal it from the poor people then give then a gift of solar panels….vote buying 101

  16. Anonymous says:

    So when the UK says no to borrowing $15 for solar panel project, will Mr Bush say “look how mean our Lords and Masters are, look how they want to deny the poor people of Cayman this wonderful to save money on their CUC bills, I wanted to give this to you but THEY won’t let me…..”

  17. Anonymous also says:

    It is hard to believe that the UK would not let us borrow.  I mean look at it.  How can they expect us to survive without solar panels on the housing of the poor?  doesn't every 1st 2nd and 3rd world country give free solar panels to there poor? 
    We could do this without borrowing. we could take money from education to fund it. After all why would you want an education that might put you in the middle class where if you want solar you have to buy it yourself.

    We could cut the salary's of the MLA's to pay for it.  Oh excuse me I had a bit of an delusional moment there. Forget I sad that!

    We could take the funds from the vote buying fun.  Sorry I mean "nation building fund"  I really need to see a shrink these delusions are getting worse.

    We could take money for our environmental protection funds. Opps delusion again, sorry.

    Or perhaps we could do something really unfathomable. 
    We could not do it!  Yep, not do it. We could get our finances really under control.  Get our budget really balanced and then maybe we could cut the extra CI 0.50 duty on fuel this administration put in place to save the world  and lower the bills of each and ever one of us.  Making us all better off,  not just the politicians who benefit from the votes it will get them.

    ?ave I totally lost it with that idea?   Should I go to the HSA and have myself committed.  I must be delusional becauseI think what I am saying makes sense.
    What do you think?

  18. Anonymous says:

    Usual shambles…….

  19. lil Big Mac says:

    Lil Big Mac always was a financial genius. Always managed to keep the lawn mower full of gas…

  20. Anonymous says:

    I hope the UK tell this government and those to come that there will be no new borrowing and that they must live within their means.  UDP has only been consistent in one area and that is to say one thing and do the opposite.  They have not spent wisely, they did not cut government expenses like they said they would do and now when they are facing a deficit, they too try to borrow to hide it.  The Hilton in CYB was not needed, the paving of private parking lots was not needed, the jet setting was not needed, the payouts to Cohen and GLF were totally avoidable, the growing of government's staff compliment was  uncalled for, the solar panel project is not needed and the list goes on.  As a Caymanian who has watched helplessly and in despair, I pray the UK puts a stop to it and tell them they can only spend up to what revenue they collected in 2012.  NO MORE BORROWING until the current debt is paid off and our government's finances are in surplus to expenditure.  And if you want to find out how to do that, go and ask the country of Norway.  They have stashed away so much cash that they can lend the IMF money.  Cayman should have stashed away money every year from 1970 to 2008, but no our governments just taxed and spent.  This government is no exception.  It's time to return to what my mom taught me in the 60s and what Margaret Thatcher said in 1980; Don't spend more than you earn and always put something aside for a rainy day.  Painful it might be, but it is still do-able and it's either we start now, or slip off the slope of no recovery. 

    • Anonymous says:

      to 20:00

      Smartie pants…so we don't give all those public servants departments, funds to opperate for the next year. Airport port, Hospital, PWD, NRA, Education, Cayman Air, MRCU, Police, Prison, Fire dept. Governor's upkeep, Politition salary, Social services, and more!

      This is not Mr. Bush budget, it's the Cayman Island people budget, you all get this in your thick skulls. All the above mentioned companies, of Government are seeking funds to opperate with….not Mackeeva! 

      While you begging the UK to stop us from borrowing, please ask George Osburne of the UK, why they are borrowing 140M pounds to avoid a second credit crisis at home.

    • Anonymous says:

      You miss one salient point..there is income tax in Norway to the tune of 70%! Of course the scandanavian countries can have surpluses. Not sure that is option in Cayman.

      • Anonymous says:

        And yet, they still have one of the highest standards of living for the citizens, even with the high taxes.   That sure is something to think about, huh? 

  21. anonymous says:

    Bankrupt Cayman Islands to get £38m bail-out

    http://www.telegraph.co.uk/finance/financialcrisis/6248284/Bankrupt-Cayman-Islands-to-get-38m-bail-out.html

    Just found this article wanted to share it.

    • Anonymous says:

      To Anonymous Tue.06/19/2012  What's the point in posting a three year old article?

    • SKEPTICAL says:

      WHY – IT’S TREE YEARS OLD.

    • Anonymous says:

      Hey 19:17

      And i just wanted to share this article. George Osburne to "Deploy new firepower to save UK ECONOMY, with a 140 billion pound emergency scheme to try to avoid a second credit crisis. This is todays news in the telegraph.co.uk…look it up!

      And in regards to your sharing of "Cayman Islands to get 38 million pounds bail out". this is stale news.( September 29, 2009) took place right after the UDP took office from PPM Government.

      God bless Mr. Bush and the Cayman Islands!

      • Anonymous says:

        Hey Elio, although it is stale news, we are in almost the same position today, 3 years later – we still broke, buddy !   No denying that !

    • Anonymous says:

      2009 headline spin by the “anti-tax neutral jurisdictions” Telegraph. Very old news. Plus the UK has not given us one cent since the 1970s grants for the primary schools. It might be good time to return our CI$11M tempura money–that alone pays for the vote buying solar project

    • Dred says:

      You did read the date on that story? Sep 30 2009.

    • The original 19:17 says:

       

      Yes I did see the date.

      I did not say look this is today’s paper even though the first time I read it I thought it was but isn’t it ironic that were in the exact same situation 3 years later right around the time of election almost like nothing’s changed and where all still arguing with each other over whose wrong and who right and who cares about Cayman and who doesn’t when it’s clear nobody cares 

      The problem is the people who care about what happens to Cayman are all typing comments on these sites arguing with one another over whose right and wrong

      And the ones who don’t care about what happens to Cayman are getting paid by us to run the country in a way that is most profitable to them

      I bet with all the people that comment on this site we could not find enough people willing to work together to make an actual change in this island what is it we need 15 or 18 people to run this whole place?

      The reason why is we would all be too busy tearing each other apart to ever build something new!

      The original 19:17 

       

  22. Uhmmmm says:

    These things happen in bugets, Might as well say that you have never been late for work in your life.  I hope one day this is all over so the PPM Government can take charge.  They are not working for the people at all.    People"s asses are going to be taxed.  All of you expatriates who are against the Premier.  Just wait and see what happens.  I just cannot wait to hear the Caymanians after three months saying WE WANT THEM OUT. 

  23. Anonymous says:

    Submitted on Thursday and then on Friday Bush said the hold up with the budget was because he was waiting for the FCO to get back to him.  Ha

    Am I right in understanding that the borrowing is to give people free solar panels if they are struggling with their CUC bills? Where do I sign up for that deal?!?!

    • datisyou says:

      lIf your not on the friends and family list then you are on the pay for my friends and family list.  Its a main part of the Cayman code.

  24. Anonymous says:

    How da man spozed to ha a surplus if not lowd to borrow it. How da man gonna trabel an pawe dryways an by pliances in dis lection yeer if he na borrow it. Nuttin but burocratic hrassment and debil worshippers.