December 13th, 2011 by De Onion

Bermuda’s economy may start growing again soon (if it hasn’t already). Most of the damage from Term Limits has happened and so now we’re on to the flux between regular business growth and the government induced hardship.

I think it’s clear now that if the PLP are re-elected then the Bermuda Government will be on its way toward default on its debt. They have had a debt problem since 2004 – even they have recognised it at this point but have not been able to do anything about it. The rating agency downgrades will only come long after the real damage has been inflicted.