yellow knife wrote:Backstage wrote:I guess it depends on what the borrowings have been invested in. With high debt either you are in deep shit or minting profit. Or is that a simplistic view ?
Though I don't like the words you used, what you said is true. At the same time I would say if you create one elephant targeting tourism that will become White even the feasibility reports say its Jet Black...If you make more White Elephants at feasibility level targeting tourism soon all will become hard earning Black Elephants...
If you have only Nelum Kuluna no tourist want to visit that... Yet if you have Port city, Safari worlds, Mattala Airports, Hambanthtota Habour harboring passenger ships, Highways, monorails, expressways, Seminar Halls, Casinos, Tourist Hotels,,etc etc... all will be Black Elephants...Just construct one only and wait you can prove its a white elephant...
Government is putting ads saying Debt Trap...while increasing state debt to gdp in 2015...Instead of blaming the previous leader now its their turn to brainstorm and do something...
Thanks YK,
I shall refrain from commenting on Mattala and govt policies previous and past.
BTW which word didn't you like ? the slang for excreta ? So that I can note not to repeat in the future. I know people like ET, don't like too much slang and I am careful when responding to such.
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