Singapore budget deficit balloons: minister

last SG · 2008-11-19T15:41:45+00:00

I really worry for the future. So much losses in the past 1 year alone. worry is too mild a word....i'm terrified

charlize SG

What is benefit of retrenching lower n average income peoples, if it can save them 100millions per years, then why not remove a few Ministers and top peoples who earn multi millions, afterall these are the people who makes the wrong decision, therefore they must take responsibility for it.

Sorry, the buck stops at the people below the ministers.

Unless of course it's to give credit for something good.

I don't even have to give you examples to show you that this is how things operate in sg.

angel7030 SG

Sorry, the buck stops at the people below the ministers.

Unless of course it's to give credit for something good.

I don't even have to give you examples to show you that this is how things operate in sg.

The ironic is that we are paying them to retrenched us,...is that what you implied. OMG

HyperionDCZ SG

They like to say that they are the most talented and most capable. If they are really so capable and talented, they should be responsible enough to realise that there are the desperately poor who need their million dollar salaries much more than they do. I dont see why the supposedly smartest people around need such extravagant salaries to justify their jobs at this point in time. In normal circumstances they can say that they are pegging their salaries to the top private sector jobs. But during recession, dont tell me the 'best and brightest' will quit or turn corrupt just cos they arent getting the millions? So the 'pay to keep the best' argument goes out the window.

angel7030 SG

Reverse Psychology apply here, top private sector jobs will slack in time of recession, therefore, most get removed or paid cuts. But during a recession, our talented pools in the Govt get busy in trying to find the correct words and phrases to console the citizens and also in way putting their talents into great use, most important on the project "how to tax the citizens more in time of recession". And that need talent mind that no school every taught. So we should pay them more for such initiatives.

Fantagf SG

They pay themselves millions and millions to avoid corruption and LKY believes to pay high high to get the best people to work. These are just lame excuses, indirectly it can be viewed as corruption in itself. Sorry, but I don't see any talent among the Pay and Pay's ministers. But if you are talking about money making then I agree they do have the talent to explore in many areas to earn quick big bucks out of the public.

I don't believe lee hsien loong can help "fix " the economy, he just can't make it lah. If he is that capable, he will not need at least 3 ministers to assist him - they are his papa, LKY, Goh C T, Wong Can't Sing, Lee Boon Heng , did I miss out any ministers??

Fantagf SG

If they didn't pump prime the economy through monetary expansionism, we could have been in recession at the first half of the year.

Price levels at 6% to 8% and workforce layoffs, I would say Singapore is not in a recession, it's stagflation.

I hope LHL can fix the economy since he has less political opponents to fix, hope with the enormous salary he is paid, he is able to correct Singapore's economy and not rely on the global economy to correct itself to save Singapore.

Or may be he will be giving $ away again to help "fix" the economy and later takes back much more than what he gives to the people.

angel7030 SG

got, u missed their Church Ministers

TemplarKnight SG

This is sad state of affairs we see here. Please refer to this link.

http://uncleyap.blogspot.com/search/label/Political%20Masturbation

Fantagf SG

Don't get your hopes so high.

It has been proven time and time again that they are followers who wait for things to happen.

That's right, you pay them million dollar salaries for them to wait and follow what other countries are doing.

Didn't the old man just told us few months ago that the US will not affect Singapore?? They have time again repeat again and again that Singapore is small and it is very dependent on the outside factors. So they can also base on this reason to make excuse that they can't help to improve the economy.

Fantagf SG

got, u missed their Church Ministers

What church ministers? YOu mean LKY and ah loong attend Church??

angel7030 SG

What church ministers? YOu mean LKY and ah loong attend Church??

I thot they are amen one??

Fantagf SG

I thot they are amen one??

What do you mean they are amen one? U mean they are all christians? Some are christians, they are ho peng kee, vivian bala,

TemplarKnight SG

heard that our top people used to visit churches or temples during some occasion. Duno what their beliefs also. maybe believe in too many religion until kee siow liao.

ORIGAMIST SG

This is only the tip of the ice-berg . . .. . brace yourself with more bad news ....

Fantagf SG

heard that our top people used to visit churches or temples during some occasion. Duno what their beliefs also. maybe believe in too many religion until kee siow liao.

LKY believes in fengshui, lee hsien loong visits temples.

de_middle SG

This is only the tip of the ice-berg . . .. . brace yourself with more bad news ....

that's what we're taught at a very young age

Fantagf SG

I did not keep track, was there any worse deficit than this during the time when LKY and GCT were PM?

angel7030 SG

What do you mean they are amen one? U mean they are all christians? Some are christians, they are ho peng kee, vivian bala,

I thot most are christians but seek Chinese Gods just to deal with singaporeans here..

ORIGAMIST SG

I did not keep track, was there any worse deficit than this during the time when LKY and GCT were PM?

I thought those times like never heard of deficit leh ... hmmmm .. I hope I am wrong ..

TemplarKnight SG

Whatever deficit will soon become surplus before the next ERECTION if not is that ECONOMY/DEFICIT is UNDER CONTROL or WE ARE BRACING FOR THE GOLDEN AGE. That is if you believes on the Crap and Propaganda the MEDIACOCK and the SHIT TIMES feeding us for the last few decades.

« Previous Page Next Page »