83.2 F
Charlotte Amalie
Sunday, July 14, 2024


Dear Source,
Though spared by Tropical Storm Lili, the Virgin Islands suffered a double whammy of dire economic news this week. On Tuesday local papers reported that unemployment on St. Croix has now broken through the 11-percent level. And today the on-line V.I. Source papers reported that the territory's bond debt now exceeds $1 billion. That number is almost beyond imagining: It means that the debt burden is $9,724 for every man, woman and child in the Virgin Islands.
I salute the media for the research that went into these reports. These facts have been purposely withheld from the public by the Turnbull Administration. The truth will out. and well before Election Day.
A vibrant, strong economy creates jobs for our people and puts money into government coffers in the form of taxes, fees and permits. Without a growing source of revenue, the Virgin Islands government, or any government for that matter, will never be able to repay the billion dollars we have borrowed.
We now have several thousands of people unemployed, people who will not find jobs because no new businesses are opening. And yet, each of these unemployed people and every other man, woman and child in the territory has a debt of $9,724 hanging over their heads. Until we have leadership that understands this issue and will stimulate real economic growth and realistically manage the revenues we do have, the situation will only get worse.
The Turnbull Administration has mortgaged our futures, our children's futures and their children's futures. We all know that we must do better.
John de Jongh
St. Thomas
Candidate for Governor
We welcome and encourage readers to keep the dialogue going by responding to Source commentary. Letters should be e-mailed with name and place of residence to source@viaccess.net.
Publisher's note : Like the St. John Source now? Find out how you can love us twice as much — and show your support for the islands' free and independent news voice … click here.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.