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{
    "id": 1117616,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117616/?format=api",
    "text_counter": 464,
    "type": "other",
    "speaker_name": "",
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    "content": "The moment we start dancing there, we will be behaving as if we are a developed nation. I am not saying that debt is bad. On the contrary, debt is very good. Many countries have been able to prosper from debts. The debt to the GDP ratio of Japan is 235 per cent, but that country is doing well. The difference between that country and Kenya, is that if you are found to have stolen money in Japan, you will end up in jail for life or even sentenced to death. That is the discipline that we do not have in this country. I expected this Committee to come out clearly and state that the National Treasury should not be allowed to borrow if they cannot demonstrate clearly how they are going to pay. Taxing people so as to show the West that the country is in a position to service loans will not help this country."
}