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A House of Quarters, Dimes and Nickels
Topic Started: Jun 13 2011, 04:39:06 PM (605 Views)
Dannistaan
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Bat Shoot Loco
State Parliament Offices, For'af, East Dannistaan
12:15 EPT

"Well, a new State Administration, same old problems," Bright Chang'girai muttered as he walked down the corridor to the cabinet offices.
"I'm sure we'll find some ideas to fix those," his new Economic Secretary, Hunt Yi'balah attempted to cajole the First Minister of East Dannistaan as they rushed past yet another internal security checkpoint in the corridor.
"Hunt, how many years have you known me?"
"18 years, 3 months and 22 days."
"If you can quote the time you've known me exactly, then you'll know that any thing good you say will not help to calm down my nerves. Especially when we now have to work with the Socialists."
"It was worth a try."
"If you say so..."

The two men entered the state cabinet offices to find the other members already sat at the table, chattering away about various other matters.
"Good morning. Or rather good afternoon," Bright said as he took his seat, "I hope everyone is significantly refreshed and ready to start some dealing with the days business..."

Several hours later
"...and the last item on the agenda before we break for today is the small matter of this states budget...or rather the lack of. I've left this item to last because I suspect this will be the hardest thing to deal with," Bright said as he gathered a pile of papers and handed them to Hunt, "Hunt, please give us some good news?"
"Unfortunately, I don't have much," Hunt began, "We have a large debt to the tune of 275 million Ailuropoda's. Exacerbated by the previous First Ministers selling of the gold reserves. We still have no idea where the money from that sale went to. Given the train wreck of an economic policy from our predecessors, we have really only 3 options."
"And those are...?"
"In simple terms, we either put in a massive austerity plan. Massive cuts to spending and tax hikes. Which is political suicide. We try to put in some form of stimulus package by borrowing more in the mean time. But that might be difficult. And by might, I mean very. Finally, we have a word with our colleagues in the Central Government and hope they will be willing to bail us out to an extent."

Bright sighed.
"Well," he turned to his colleagues, "Which one of those options do you think is the most practical given the problems we are facing?"
The Office of Her Majesty's Dannistrian Ambassador to Rillanon, Christie Island
The Royal Confederacy of Dannistaan
In Omnis Unum
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Bai Lung
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Paradise City
Raymond Sekke'h (Business Secretary): 'The 275 mllion of debt is actually North Dannistaan's public debt, which is no suprise. That place rarely borrows from anyone, given their frugal economic policies. The REAL public debt is 128% of our state's GDP.'

Bright Chang'girai: 'What does it basically translate that to?'

Raymond Sekke'h (Business Secretary): '1.28 trillion.'

Bright Chang'girai: 'My goodness! How did we manage to venture that deep into the ditch?'

Raymond Sekke'h (Business Secretary): '...through the selling of the gold reserves, the silver reserves, the destruction of the nature reserves. the mass privatisation of the borders. The causes behind this exploding debt.'


Bright Chang'girai: 'She promised that selling of the gold reserves would raise the state's revenues.'

Raymond Sekke'h (Business Secretary): 'Obviously not. She sold them for pennies. That's not the only thing you should worry. Thanks to her large tax cuts, the state's revenue went down from 150 billion to 100 billion. Despite belting on her mantra of cut taxes and cut spending, spending actually went up from 180 billion to 190 billion, most of the increased spending went to subsidise the private companies. She has tripled the deficit in 4 months! We could raise taxes for the top 2% of richest earners but that would scare off the businessmen and they would move to Bai Lung where workers are paid pennies an hour. But it's your call, Bright.'
Posted Image
"Freedom..."
The Free Republic of Bai Lung
Visit my official NSWiki page on Bai Lung

Quote:
 
"They whine about discrimination. Do you know who is being discriminated against? The Hal'vonnist people of Dannistaan, the ones who created this nation... I am talking about the Dannistrian Hal'vonnist people of the North as well as the East...Communism is racial! A racial minority seized control in Bai Lung and in all her satellite states such as Kelssek, Dovakhan and the Free Pacific States, and many other countries I could name."

-Kelly Minn'ow-Jones, former leader of the Dannistrian National Party
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Dannistaan
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Bat Shoot Loco
"Urgh..."

Bright sank into his chair.
"Well, this is looking worse all the time..."
He looked at the clock. It was now signalling 6PM.
"I'll have a word with the Central Government tomorrow. Hopefully they will still have some money to bail us out. Meeting adjourned!"

As Bright and the other cabinet members got up to leave. Hunt shrugged.
"Personally I think that was a bad idea, going cap in hand to the Central Government, but it's your call."
"I don't want to do it either, Hunt, but this state has effectively been made bankrupt by a crazed predecessor who saw the writing on the wall and wanted us in deep mess. Why? Who knows? Maybe she is setting up her return..."

Bright got up from his chair to leave the room.
"Let us hope we can sort this out."
"...and I consider this article an attempt to slander my good name! This is unacceptable and should be dealt with at the first opportunity!"

Kelly Minn'ow-Jones shouted as she waved a copy of a recent BLCTV Op-ed article in front of a large crowd of supporters. She proceeded to burn the paper with the article in protest. This only elicited a loud cheer from the crowd.
"I will return to office one day! And enemies of me, and more importantly, of the free market principles this state and I hold dear, will be brought to justice. And the DNP will return to it's roots!"
More cheering filled the air.
"Bright Chang'girai is doing more damage to the state and to the reputation of the DNP more than anyone else ever has. I now call on all those members of the DNP disaffected with Mr. Chang'girai's direction, to join me. Together we can take back the party and the state!"

The crowd cheered further as Ms. Jones exited the impromptu stage she was using.
The Office of Her Majesty's Dannistrian Ambassador to Rillanon, Christie Island
The Royal Confederacy of Dannistaan
In Omnis Unum
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Bai Lung
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Paradise City

Raymond Sekke'h (Business Secretary): "Right now, there are a handful of suggestions to deal with sky rocketing debt. One thing we can do is to cut back severely on the public spending. Tell the Dannistrian tax payer 'We're broke! We have no money to spend on these services and we gotta pay back on all that debt we have accrued in one year.' The people have to understand that the state should not be the nanny who tells the young kids it's bedtime. People have their own individual freedoms and liberty and the government should stand up to these principles."
Posted Image
"Freedom..."
The Free Republic of Bai Lung
Visit my official NSWiki page on Bai Lung

Quote:
 
"They whine about discrimination. Do you know who is being discriminated against? The Hal'vonnist people of Dannistaan, the ones who created this nation... I am talking about the Dannistrian Hal'vonnist people of the North as well as the East...Communism is racial! A racial minority seized control in Bai Lung and in all her satellite states such as Kelssek, Dovakhan and the Free Pacific States, and many other countries I could name."

-Kelly Minn'ow-Jones, former leader of the Dannistrian National Party
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Bai Lung
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Paradise City
Debt clock (as of 6th August 2011): 1,290,584,124,780
Revenues: 101,099,163,344
Outlays: 192,990,231,771



Raymond Sekke'h (Business Secretary): "This is not good. This figure is downright abysmal to out nation and if we do not address this skyrocketing debt, then we have to explain to our grandchildren as to why they have to carry the burden which we placed on their backs. We are simply not collecting enough revenue. In fact, outlays is going far far faster than revenues. We are taxing too little and spending far too quickly. We must control spending or else at this rate, we will be borrowing 91 billion Ailuropodas annually to make up for the deficit."
Posted Image
"Freedom..."
The Free Republic of Bai Lung
Visit my official NSWiki page on Bai Lung

Quote:
 
"They whine about discrimination. Do you know who is being discriminated against? The Hal'vonnist people of Dannistaan, the ones who created this nation... I am talking about the Dannistrian Hal'vonnist people of the North as well as the East...Communism is racial! A racial minority seized control in Bai Lung and in all her satellite states such as Kelssek, Dovakhan and the Free Pacific States, and many other countries I could name."

-Kelly Minn'ow-Jones, former leader of the Dannistrian National Party
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Bai Lung
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Paradise City
As the fight to deal with the debt crisis that is hovering above East Dannistaan, the coalition of diametrically opposed ideologies clash with each other on how to deal with a sky high budget deficit. The Socialists are calling for new revenue via tax increases for the richest earners while the DNP are more focused towards cutting the state budget over additional revenue. In fact a DNP spokesman has stated that East Dannistaan has a spending problem rather than a revenue issue.

Revenue is going up slightly and the spending has been cut a little bit but the debt clock continues upwards...

Debt clock (as of 30th December 2011): 1,340,584,124,780
Revenues: 103,511,687,552
Outlays: 190,000,115,432
Posted Image
"Freedom..."
The Free Republic of Bai Lung
Visit my official NSWiki page on Bai Lung

Quote:
 
"They whine about discrimination. Do you know who is being discriminated against? The Hal'vonnist people of Dannistaan, the ones who created this nation... I am talking about the Dannistrian Hal'vonnist people of the North as well as the East...Communism is racial! A racial minority seized control in Bai Lung and in all her satellite states such as Kelssek, Dovakhan and the Free Pacific States, and many other countries I could name."

-Kelly Minn'ow-Jones, former leader of the Dannistrian National Party
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