Hamilton, who was at the time making remarks during his first public meeting for 2015 in the Cayon community on Sunday (12th January), said that the Prime Minister of St. Kitts and Nevis, Dr. Denzil Douglas, admitted that the Federation was in debt.
“So because of that I (Douglas) have to go to the IMF to borrow, he admitted. Because I can’t pay who I owe, he admitted. So for those of you who got money in this bond… here what is going to happen to you, 50% of what I owe you, you can’t get at all,” Hamilton told the audience.
He further noted that the prime minister described the move to the IMF as a “haircut”, adding that for persons who might have had EC$1,000 with the Government, 50% of that would not be replaced, and the rest payable over four decades.
The PAM political candidate for Constituency 8 told the gathering in Cayon that anyone who voted for the Labour party in the upcoming elections would be in full support of persons waiting 40 years to receive their money.
“In 40 years, your grandchildren will be paying back Douglas’ debts. And if you support Douglas, and his candidates, spring time as they are, it means that you agree for your children and grandchildren to have a debt from Douglas,” Hamilton said.
Hamilton also called on residents of other constituencies not to accept PM Douglas putting debt on the future generations of the Federation.