Vol. 35 No.22
       ©2007 Marianas Variety
Monday, April 16, 2007 www.mvariety.com
Serving the CNMI for 35 years
 

© 2007 Marianas Variety
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To the people of Guam: $100 million in cash

BUSINESSMAN John Baldwin’s offer to pay $100 million in advance tax payments in exchange for local government approval for his business to operate a casino — exclusively for 40 years — has generated mixed reactions from lawmakers...THIS IS BEING OFFERED TO THE BROKE GOVGUAM!
All you on Guam. Wake up! Smell the coffee. Get a grip. Think. You are broke, in the toilet, going down the tubes, and a complete financial disaster, when will you ever get focused?
$100,000,000.00 (I love all those zeros) to you, not a loan, cash in the coffers, what the heck are you waiting for? Is it total collapse and complete bankruptcy? Your stupidity is only exceeded by your foolish pride. If it’s not pride then it must be ignorance. I can’t think of anything else.
Now a big tip to you, the people. HAVE THE MONEY GO DIRECTLY TO WHERE IT IS NEEDED, not to government fat cat’s pockets. Instead, the schools, public health, infrastructure, etc. See this is how this should work. Let the legislature appropriate funds where they are needed the most, then have Mr. Baldwin write a check for that exact purpose, simple.
Think about it. Let Felix take out a hundred million dollar loan and see how much you will need to pay back, come on, take a guess. $150 milliion? $200 million, ask somebody, you will be surprised, not only that but see how much of it will get lost. Now get moving ahead!

GLEN DOUTRICH
San Jose, Saipan