I must admit to feeling some relief after reading Mr. Smith's apparent recanting of his "fire Moody's if they downgrade us" comment a couple days ago.

However, in citing all the reasons we will not or cannot default, he seems to hope that Moody's will forget the fiscal trajectory the country has been on since 2008. I'm sure this is a concern for Moody's. It certainly is the concern of many Bahamians.

For decades spending has been dramatically outpacing tax income and the mountain of debt is approaching $7 Billion.

Regretfully Mr. Smith's Mea Culpa does not change the path the country is on.

Towing the party line does not fit in the circumstances.