Get real

Re: The question of debt 

Loans are how developing countries develop. 

Without them, Samoa would be back in the 19th century with no roads, no airport, no wharf, no hospital, no nothing. 

Mauga Tuioti and his crowd need to get their heads out of the sand. Their utopian world free-of-debt that they dream of is just hogwash. 

To increase economic growth, you need infrastructure. 

To get infrastructure in our lifetimes, you need money. Because there are not enough taxpayers, you need to loan. 

Then that economic growth comes and decreases the burden of loan repayments.

 

Petelo Suaniu 

Related Stories

Samoa Observer

Upgrade to Premium

Subscribe to
Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device.

Ready to signup?