Dear Editor,
Those two recent Orders placed before the House of the People to increase the budget ceiling stand as confirming testimony of how PPP leaders operate, conduct the business of this country today, and what they hang over the nation’s head. What the Minister placed before the legislature is very specific, regarding the numbers that are going to be needed to assist in riding the tides of the past, and the challenges from and visions for the future. That proposed addition of six hundred billion dollars to the nation’s debt ceiling is not spare change or beer money.
I say this because, beyond any doubt, the PPP government is placing its borrowing eggs in a single basket. That basket is oil, and anticipated oil revenue streams, that promise the enriching and regal. They conveniently forget that the oil market is volatile and cyclical, and that the downdrafts can be long and draining. That is when that debt ceiling, which will be approved along straight party lines, is going to trap and hold hostage Guyanese.
Because of all this, one is hard pressed to welcome still, this oil of ours as a blessing; not when it is being rapidly and doggedly converted into a confirmed curse, with tacit assistance from what is now a lost and ramshackle opposition. I would strongly suggest that Guyanese manage themselves as to what they should expect from this fossil fable of ours, which may turn out to be just that in the long run.
Sincerely,
GHK Lall
